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American delegation attends Afghan trade conference in Kabul

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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.

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Afghanistan transports 3.2 million metric tons via railways this year: Ministry

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Mohammad Ashraf Haqshenas, spokesperson for the Ministry of Public Works, says since the beginning of this current solar year, about 3.2 million metric tons of commercial goods have been transported through the country’s railway lines.

Haqshenas stated that these exports have seen a significant increase compared to the same period last year, and the ministry is working to provide more facilities for the private sector in this area.

“Approximately 3.2 million metric tons of goods have been transported through four ports. The Ministry of Public Works is striving to provide greater convenience to national traders and citizens,” he said.

Meanwhile, officials from the Chamber of Commerce and Investment have stated that railway lines can play a vital role in the country’s economic development.

They added that in international trade, rail transport is cheaper than shipping, and this sector should be given serious attention in the country.

Economic experts also believe that the expansion of railways in the country can provide more convenience for traders in exports and imports.

Currently, Afghanistan has direct railway connections through four ports with Uzbekistan, Iran, and Turkmenistan, and indirect connections with China, Russia, Belarus, Kazakhstan, and Turkey.

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IEA signs $6.2 million marble mining contract for Kandahar

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Afghanistan’s Ministry of Mines and Petroleum says it has signed a contract worth $6.2 million with a Turkish company for the extraction of marble from a mine in Kandahar’s Dara-e-Noor area.

At a ceremony on Tuesday in Kabul, acting Minister of Mines and Petroleum Hidayatullah Badri said the extraction of this mine is expected to create new job opportunities for the country’s citizens.

Badri stated that since the Islamic Emirate’s takeover, several contracts have been signed for marble extraction.

“The contracted company is investing $6.2 million in the exploration, extraction, and processing of this mine,” Badri added.

Meanwhile, a senior official from the mining company stated that this contract will benefit both countries.

He said the company hopes to supply the international market with the marble. He said this will not only create jobs but also contribute to the growth of Afghanistan’s export market.

Mr Emioglu, the deputy head of the Turkish contracting company, said: “Our company started working on extracting this mine eight months ago. We aim to introduce Afghan marble internationally after production and processing so that both countries can benefit.”

Economists welcomed the development and stated that with the signing of mining contracts, the country’s economic situation will improve, and investments in this sector will increase.

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Pakistan’s exports to Afghanistan rise by 92% to $504 million

Afghanistan’s exports to Pakistan from July to December 2024 totaled $9.9 million against $4.425 million for the same period in 2023

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Pakistan recorded a substantial increase of 92% in it’s export of goods and services to Afghanistan during the first six months of Islamabad’s current fiscal year as compared to the exports of the corresponding period of last year.

According to the State Bank of Pakistan (SBP), the overall exports to Afghanistan were recorded at $504.308 million during July-December (2024-25) against exports of $262.583 million during July-December (2023-24), SBP stated. 

Overall Pakistan’s exports to other countries witnessed an increase of 7 percent in the first six months, from $15.146 billion to $16.229 billion, the SBP stated.

 On the other hand, Afghanistan’s exports to Pakistan in the same period totaled $9.9 million against $4.425 million in 2023.

On a year-on-year basis, imports from Afghanistan witnessed an increase of 18 percent from $1.238 million in December 2023, against the imports of $1.466 million in December 2024. 

On a month-on-month basis, the imports from Afghanistan into the country also witnessed an increase of 8.27 percent during December 2024, as compared to the imports of $1.354 million during November 2024.

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