Business
Afghanistan’s surging unemployment triggered by Coronavirus outbreak
Afghanistan’s National Department of Labor states that two million people have lost their jobs as a result of the COVID-19 outbreak all over the country.
It says that if the government fails to prevent the increase of poverty and unemployment in the country, Afghanistan will face a humanitarian crisis.
“All over the country 15 million people are eligible for employment among which 8 million are unemployed and the rest has seasonal jobs,” the department says.
According to officials in the labor department, the Coronavirus outbreak has added 2 million more unemployed people to the graph.
The ministry of economy is also concerned about the increased poverty in the country.
“Strategies must be devised and submitted to the government to resolve the unemployment problem,” said Yonus Salak, the spokesperson of the ministry.
Some members of parliament believe that corruption in government administration has led to economic crisis and poverty.
Experts of economy say that if the government had worked on infrastructural projects, we would not have faced such a rise in the unemployment rate in the country.
Business
Afghanistan approves five-year power development plan to boost domestic energy production
The strategy includes the implementation of 25 electricity generation projects that will harness Afghanistan’s domestic energy resources, including hydropower, solar, wind and coal.
Afghanistan has approved a comprehensive five-year national power development plan aimed at expanding domestic electricity generation, strengthening the country’s transmission network and reducing its reliance on imported electricity.
The plan, which was previously endorsed by the Economic Commission chaired by Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar, has now received final approval from the Supreme Leader.
The strategy includes the implementation of 25 electricity generation projects that will harness Afghanistan’s domestic energy resources, including hydropower, solar, wind and coal. It also outlines the completion of 13 ongoing and 23 new electricity transmission projects, 21 ongoing and 21 planned substation projects, and 34 electricity distribution projects across the country.
Officials said the initiative is expected to significantly expand electricity access, improve the reliability of the national power grid and strengthen Afghanistan’s energy infrastructure while reducing dependence on imported electricity.
The government said the five-year plan forms part of its broader strategy to promote economic development, support reconstruction efforts and enhance financial self-reliance through greater investment in domestic energy resources. Once completed, the projects are expected to contribute to Afghanistan’s long-term energy security and move the country closer to electricity self-sufficiency.
Business
Afghan, Iranian firms sign three cooperation MoUs at Kabul meeting
Three cooperation agreements were signed between Iranian and Afghan companies during a business meeting held in Kabul aimed at expanding trade and economic ties between the two countries.
The gathering, hosted by the Embassy of Iran in Kabul, brought together more than 200 Iranian and Afghan business leaders, industrialists, and investors.
According to an embassy statement, Iran’s chargé d’affaires in Kabul, Alireza Bigdeli, highlighted the existing potential for expanding economic and trade cooperation between Iran and Afghanistan.
Following the opening remarks, members of the Iran–Afghanistan Joint Chamber delegation held sector-specific discussions with Afghan business representatives across key industries, including petrochemicals, construction, pharmaceuticals, cement production, laboratory equipment, food processing, battery manufacturing, and technical and engineering services.
Business
Iran-Afghanistan joint chamber of commerce delegation arrives in Kabul to boost trade ties
The delegation will participate in Afghanistan’s National and International Industry and Mines Exhibition and hold business meetings.
A delegation from the Iran-Afghanistan Joint Chamber of Commerce has arrived in Kabul to take part in an international exhibition, according to the Iranian Embassy in Afghanistan.
In a statement posted on its X account on Thursday, the embassy said the delegation will participate in Afghanistan’s National and International Industry and Mines Exhibition and hold business meetings and conferences with Afghan officials.
The embassy added that the visit aims to expand trade relations between Afghanistan and Iran and strengthen economic cooperation between the two neighboring countries.
The Afghanistan National and International Industry and Mines Exhibition opened in Kabul on Wednesday, June 29, 2026, bringing together domestic and foreign participants to showcase opportunities in industry, mining, and commerce.
Afghanistan and Iran share long-standing economic relations, with trade cooperation continuing despite ongoing regional political and financial challenges.
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