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Afghans continue to pay heavy price for US’s economic sanctions

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(Last Updated On: August 31, 2022)

A year after the Islamic Emirate of Afghanistan took control, Afghans continue to pay the heavy price of sanctions imposed by the US.

Experts say that the freezing of Afghanistan’s foreign reserves and the continuation of sanctions have not only hindered investment in the country, but also disrupted economic activities.

According to these experts, the continuation of sanctions will further worsen the economic situation, and America is simply taking revenge for its failure in the country.

With the establishment of the Islamic Emirate of Afghanistan (IEA), the imposition of sanctions by the United States disrupted the banking system in Afghanistan, the scope of poverty expanded and a humanitarian crisis emerged.

“Afghanistan’s financial, monetary, commercial and economic system has been seriously affected and Afghanistan’s reserves are still frozen, Afghanistan awaits a bigger disaster,” said Shaker Yaqoubi, an economic expert.

A number of other experts consider the imposition of sanctions by the United States as the main cause of the expansion of poverty in the country and emphasize that its continuation will once again cause a mass migrant exodus.

“Afghanistan will go into economic isolation and people’s poverty levels will increase and illegal immigration will also increase,” said Shabir Bashiri, an economic expert.

Although many meetings have been held in Afghanistan to free up the frozen foreign reserves, and the Islamic Emirate’s continuous calls for the release of these assets, the United States has not responded.

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Azizi calls on Malaysian investors to invest in Afghanistan

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(Last Updated On: April 24, 2024)

Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.

The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.

According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.

According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.

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Afghanistan starts exporting via railway to Turkey

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(Last Updated On: April 22, 2024)

The Ministry of Interior says that Afghanistan has started exporting goods to Turkey via the Herat-Khaf railway line.

In a post on X, the ministry said: “Afghanistan’s exports to Turkey started in a calm atmosphere through the Herat-Khaf railway line.”

The ministry added that one train will run daily for a month and then two trains will run daily.

According to the ministry, the security of Khaf-Herat railway line is provided by the guards of the National Public Protection Agency.

Khaf-Herat railway project not only connects Iran and Afghanistan by rail, but also completes a 2,000-kilometer route along the east-west rail corridor from China, through Uzbekistan, to Afghanistan, to Iran, and on to Turkey and Europe.

As a landlocked country, this railway network will provide a safe route to connect with Europe via Iran’s railway network and Iran’s southern ports.

This railway line is strategic for trade between Iran and Afghanistan and will allow six million tons of goods to be sent between the two countries.

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Afghanistan, Kazakhstan to hold joint expo in Kabul

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(Last Updated On: April 21, 2024)

A joint expo between Afghanistan and Kazakhstan will be held in Kabul in the next four days, officials said on Sunday.

Officials of the Ministry of Industry and Commerce said that the two-day expo will be held for the purpose of expanding and strengthening trade relations between the two countries.

“This expo will be held as a follow-up of the Kazakh-Afghan international expo, which was held in the city of Astana, Kazakhstan, with the participation of a large delegation of the government and the private sector of the Islamic Emirate of Afghanistan,” Abdulsalam Javad Akhundzadeh, the spokesman of the Ministry of Industry and Commerce, said.
“At this expo, domestic products from different sectors of Afghanistan and the Republic of Kazakhstan will be put on display for two days.”

According to officials, 40 large Kazakh companies, and 40 large Afghan companies will exhibit their products.

Mohammad Saber Latifi, head of the Afghanistan International Expo Center, said that fruits, minerals and commercial services will be displayed at the expo.

During the expo, various memorandums of understanding for the trade of goods are also expected to be signed by companies.

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