Connect with us


American delegation attends Afghan trade conference in Kabul



(Last Updated On: September 6, 2023)

The Islamic Emirate will provide necessary facilities for domestic and foreign investors for the purpose of economic development and will give them their full support, the economic deputy of the prime minister said at the Afghanistan Trade and Economic Relations 2023 Conference in Kabul.

“We have provided investment opportunities to foreign investors in addition to domestic investors, and electricity has been provided for the country’s industries as far as possible, and efforts are still being made to develop electricity for the country’s industry,” said Mullah Abdul Ghani Baradar.

Members of an American trade delegation who participated at the conference say they are working to release the country’s frozen assets and to get sanctions on sanctions on the Afghan banking system lifted.

According to them, security in Afghanistan has been restored, which will provide the opportunity for foreign investment.

This is the first time an American trade delegation has visited the country since the Islamic Emirate of Afghanistan’s takeover.

“We are ready to cooperate with the private sector of Afghanistan, especially in the sectors that have problems, we want discussions on different economic sectors. Afghanistan is now ready for investment and we want to do joint work. We saw the situation closely today and understood the realities of Afghanistan,” said Jeff Grieco, President and CEO of the Afghan-American Chamber of Commerce.

Baradar meanwhile said that under Islamic Emirate rule in Afghanistan, the economy was seriously threatened, but that it is now improving. According to Baradar, in the past two years, administrative corruption has been eliminated, the cultivation and production of narcotics has been stamped out, and the Afghan currency has remained stable against foreign currencies.

“Islamic Emirate has provided all the necessary facilities for domestic and foreign investors and we fully support them, so they can be assured that their problems have been addressed on time,” said Mullah Baradar.

A number of Afghan investors, who attended the conference, said a lot of work has been done to attract investment in Afghanistan – and now, more than ever before, the opportunity to invest in the country has been provided.

“Our request to the American trade delegation is to present the real picture of Afghanistan to the people and the American government,” said Obaidullah Sader Khail, head of Afghan Business Council in the UAE.

After the US and NATO withdrawal from the country, and the collapse of the former government, the US froze Afghanistan’s foreign reserves that totalled about $7 billion. Sanctions were also imposed on the country’s banking system.


Members of private security meet with Kazakhstan counterparts



(Last Updated On: September 27, 2023)

A bilateral meeting between members of the private sectors of Afghanistan and Kazakhstan was held in cooperation with the Ministry of Industry and Trade on Tuesday with the aim of attracting more investment in the country.

At the meeting, representatives of the private sector of the two countries discussed investments in various sectors including the non-alcoholic beverages sector, gemstones stones and minerals, chemical fertilizers, car batteries, clothing and textiles, petroleum products, flour and wheat, the ministry said.

They also discussed tourism, investment in restaurant businesses and food, the ministry added.

Furthermore, the businessmen and investors of Kazakhstan thanked the Afghans for their hospitality and described Afghanistan as a safe place and a suitable environment for business and investment.

Representatives of the private sector of Kazakhstan spoke about holding exhibitions in Kabul, Balkh and Kandahar provinces, adding that in the near future they plan to hold exhibitions of Afghan manufacturing industries in Kazakhstan and an exhibition of Kazakh products in Afghanistan.

Continue Reading


Female entrepreneurs at Kabul women’s market say businesses are doing well



(Last Updated On: September 26, 2023)

A number of female entrepreneurs at the special women’s market in Kabul say their businesses are improving day-by-day and that they have also set up online shopping opportunities for women.

These women say they are happy to have their own market where they can sell their own goods.

“Our clothes are Afghani Gand (traditional dress). Our sellers and buyers are both women. We are happy that such a market has been established in Kabul,” said Ferozah Qasimi, a woman entrepreneur.

“The good thing about this market for women and girls is that they can easily and calmly use the green space here, relax their minds and buy the things they need from one place,” said another woman entrepreneur.

“My request to government and foreign institutions is to join hands with us, to cooperate with us so that we can make further progress in our work,” said another businesswoman.

Meanwhile, the Women’s Chamber of Commerce says there is no limit to women entrepreneurs.

“We are seeing very good developments in this chamber which is creating markets and creating expos,” said Salma Yousafzai, head of the Women’s Chamber of Commerce.

The Ministry of Industry and Commerce (MoIC) spokesperson Abdulsalam Jawad Akhundzada stated that the ministry supports businesswomen.

“The Ministry of Industry and Commerce has always supported women entrepreneurs and has always supported them in all aspects of trade and industry,” said Akhundzada.

“Thousands of women in 34 provinces of Afghanistan are actually working in various sectors of industry and investment,” he added.

Continue Reading


Foreign cash aid and tight restrictions on afghani helps ‘stabilize’ local currency



(Last Updated On: September 26, 2023)

Billions of US dollars, flowing into Afghanistan, in the form of cash aid, is helping to stabilize the local currency so much that the AFN has been propelled to the top of the global rankings this quarter.

According to America’s Bloomberg news agency, the afghani (AFN) has maintained its value against foreign currencies, especially the US dollar, on the back of the cash aid and other factors.

Additional actions are also helping to stabilize the currency including the Islamic Emirate’s ban on the use of Pakistani rupees and US dollars on the local market, and an increase in cross border trade, Bloomberg reported.

Currently, the AFN is trading at just under 80 afghanis to the dollar.

The international community has shipped in on over $40 million dollars a week since the fall of the former government. This money is handled by the UN and used for aid in the country.

Bloomberg reported however that the cash aid and increased trade with Afghanistan’s neighbors has propelled Afghanistan’s currency to the top of global rankings this quarter — an unusual spot for a poverty-stricken country.

The IEA’s tight restrictions on taking dollars out of the country, banning online trading and imposing prison sentences on those who break the rules, have also contributed to this stability, Bloomberg reported.

Continue Reading


Copyright © 2022 Ariana News. All rights reserved!