Business
Chamber meets with IEA to resolve challenges, including tax issues
Afghanistan’s Chamber of Craftsmen and Shopkeepers (ACS) said Tuesday that they are facing several challenges in the country including the expectation of exorbitant taxes.
In a meeting with the Islamic Emirate of Afghanistan (IEA) and the ACS, the head of the chamber, Noorulhaq Omari called on the authorities to remove the challenges and work with investors and craftsmen to develop the sector.
Omari said if existing problems are not resolved, craftsmen will start evading tax and cease to operate in the country.
Other ACS members said that they cannot afford the taxes that have been imposed. They also urged the IEA to work with them to resolve their issues.
The Islamic Emirate, however, says that it has plans to sort out the problems – for small, medium and large businesses in the sector.
“The current tax [system], which has been in place for five years now, is not achievable in this current economic climate and will lead to tax evasion and a drop in activity,” said Omari.
Zabihullah Mujahid, the IEA’s spokesman, said substantial progress has been made in various fields in the last six months.
Mujahid said that all the energy used to end the war and the “occupation” by foreign troops will now be used “for the development of the country and the advancement of the economy and the country’s resources”.
Ministry of Finance officials meanwhile said they are looking at cutting tax for small businesses and craftsmen by more than 50 percent.
“We have offered you a discount of more than 50 percent. My request to you is not to count taxes as consumption. Tax is not consumption. This is an investment,” said Meraj Mohammad Meraj, Director General of Revenue of the Ministry of Finance.
The leadership of the Ministry of Economy also emphasized the need for people to support small businesses and craftsmen in the country.
“When there is no safe environment, people are worried, like you look at the last twenty years and the life that has passed,” said Sheikh Mohammad Khalid Hanafi, the Acting of the Ministry of Vice and Virtue of the Islamic Emirate of Afghanistan.
According to the ACS, 40 percent of the craftsmen lost their jobs due to COVID-19 and the lack of support from the previous government.
Business
Afghani strengthens nearly 10% against US dollar amid banking sector reforms
The bank said it has expanded oversight of financial institutions and private lenders, improving transparency and promoting more consistent standards across the sector.
Afghanistan’s central bank, Da Afghanistan Bank, says the national currency has appreciated by 9.93% against the US dollar during the year 1404, citing steady progress in the country’s financial and banking systems.
Officials attributed the gains to cautious monetary policies that have helped stabilise the Afghani against major global currencies while also boosting its value against the dollar.
The bank said it has expanded oversight of financial institutions and private lenders, improving transparency and promoting more consistent standards across the sector.
As part of efforts to better manage liquidity, authorities also collected and destroyed worn-out banknotes in circulation. At the same time, officials reported growth in electronic banking, with digital payment usage rising in recent months.
Central bank spokesperson Haseebullah Noori said initiatives are underway to broaden access to banking services nationwide, including the wider rollout of Islamic banking options.
Analysts welcomed the stabilisation efforts but stressed the need to address ongoing challenges facing domestic banks, including the impact of international financial sanctions on Afghanistan.
They added that expanding Islamic banking could help draw more savings into the formal financial system, noting that a significant share of personal wealth remains outside banks. Bringing those funds into the sector, they said, could inject billions of Afghanis into the economy and further support financial stability.
Business
Uzbekistan delivers over 290 tons of aid to Afghanistan
The assistance, provided ahead of Eid al-Fitr, is intended to support vulnerable communities while reinforcing ties between the neighboring countries.
Uzbekistan has delivered more than 290 tons of humanitarian aid to Afghanistan, according to the country’s Ministry of Foreign Affairs.
The assistance, provided ahead of Eid al-Fitr, is intended to support vulnerable communities while reinforcing ties between the neighboring countries.
The shipment includes essential food supplies such as flour, rice, wheat, vegetable oil, instant meals, pasta, and confectionery. An official handover ceremony was held in the border town of Hairatan.
Local officials, including Balkh province representatives and authorities from Hairatan, expressed appreciation for the continued support, acknowledging Uzbekistan’s efforts to assist the Afghan people.
Among those present at the ceremony were Uzbekistan’s Ambassador to Afghanistan, Oybek Usmanov, and Surkhandarya regional governor Ulugbek Kosimov.
The aid delivery underscores Uzbekistan’s ongoing humanitarian engagement and its broader efforts to promote regional cooperation and stability.
Business
Turkmenistan, Afghanistan discuss steps to speed up land acquisition for TAPI pipeline
By the end of the year, the vessels are expected to deliver about 11,700 pipes as part of preparations for construction of the TAPI pipeline.
Officials from Turkmenistan and Afghanistan have held talks aimed at accelerating land acquisition for the long-planned Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline, according to Afghanistan’s Ministry of Agriculture, Irrigation, and Livestock.
The issue was discussed during a meeting between TAPI project head Murad Amanov, Afghanistan’s acting Minister of Agriculture, Irrigation, and Livestock Mullah Attaullah Omari, and Turkmenistan’s ambassador to Afghanistan Hoja Ovezov.
Amanov briefed Afghan officials on recent progress and emphasized the need to accelerate procedures related to land acquisition and the determination of land prices in line with the framework agreement signed by the four participating countries.
Meanwhile, vessels operated by the Azerbaijan Caspian Shipping Company (ASCO), part of AZCON Holding, have begun transporting pipes for the project. The shipments are being carried from the Port of Baku to the Turkmenbashi International Seaport.
By the end of the year, the vessels are expected to deliver about 11,700 pipes as part of preparations for construction of the TAPI pipeline.
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