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Ban on opium cultivation in Afghanistan cost farmers $1.3 billion
The ban on opium cultivation precipitated a staggering $1.3 billion loss in farmers’ incomes, equivalent to approximately 8 percent of the country’s GDP, the World Bank said in a new report.
The bank said that over the past two fiscal years, the real GDP of Afghanistan contracted by 26 percent, and the country’s economic outlook remains uncertain, with the threat of stagnation looming large until at least 2025.
According to the report, structural deficiencies in the private sector and waning international support for essential services are anticipated to impede any semblance of economic progress.
Half of Afghanistan’s population lives in poverty and 15 million people face food insecurity, it noted.
“Afghanistan’s long-term growth prospects depend on a significant shift from its previous reliance on consumption-driven growth and international aid to a more resilient, private sector-led economy that capitalizes on the country’s strengths,” said Melinda Good, World Bank Country Director for Afghanistan.
“For a sustainable future, Afghanistan needs to address harmful gender policies, invest in health and education, and focus on the comparative advantages it has in the agricultural and extractive sectors.”
The World Bank pointed out that the increase in Afghanistan’s trade deficit is another challenge for the country’s economy. According to the bank’s report, in 2023, Afghanistan’s imports increased by 23% and reached $7.8 billion.
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Baradar urges scholars to promote protection of Islamic system and national interests
Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, has called on religious scholars to play a stronger role in promoting the protection of the Islamic system and Afghanistan’s national interests among the public.
Speaking at a turban-tying ceremony at Jamia Fath al-Uloom in Kabul on Wednesday, Baradar urged scholars to adopt a softer tone in their sermons and public addresses.
He said that alongside teaching religious obligations, scholars should help foster a sense of responsibility toward safeguarding the Islamic system and national unity.
Baradar described madrasas as the sacred foundations of religious learning, moral education, spiritual and intellectual development, and Islamic movements within Muslim societies.
He noted that in Afghanistan, religious teachings and the concept of sacred jihad originated in madrasas, spread from villages to cities, and eventually translated into action and resistance.
He also emphasized the role of madrasas in the intellectual reform of society, the removal of what he described as un-Islamic cultural influences, and the preservation of Islamic traditions.
Baradar stressed that religious schools must remain committed to their original mission and values under all circumstances.
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Iran’s Bahrami invites Afghan FM Muttaqi to Tehran during Kabul meeting
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Afghanistan, Kyrgyzstan discuss expanding trade and economic cooperation
Azizi welcomed the Kyrgyz delegation and thanked them for visiting Kabul, underscoring the importance of closer economic engagement between the two countries.
Afghanistan and Kyrgyzstan held high-level talks in Kabul aimed at strengthening bilateral economic and trade relations, officials said.
The meeting brought together Nooruddin Azizi, Minister of Industry and Commerce of the Islamic Emirate of Afghanistan, and Bakyt Sadykov, Minister of Economy and Trade of the Kyrgyz Republic, who is leading a visiting delegation to the Afghan capital.
Azizi welcomed the Kyrgyz delegation and thanked them for visiting Kabul, underscoring the importance of closer economic engagement between the two countries.
During the talks, both sides discussed ways to boost bilateral trade by making better use of existing capacities and identifying priority export commodities.
The discussions also focused on developing transit routes, signing transit agreements, attracting joint domestic and foreign investment, and expanding cooperation through trade exhibitions, business conferences and regular meetings.
The two ministers stressed the need to implement earlier agreements, particularly the economic and trade cooperation roadmap signed during a previous visit by an Afghan delegation to Kyrgyzstan.
They said effective follow-up on these commitments would be key to translating discussions into tangible results.
Officials from both countries said the meeting was intended to deepen economic, trade and investment ties, while opening new avenues for partnership between Afghanistan and Kyrgyzstan in the coming period.
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