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Construction companies call for govt, foreign community to pay their debts

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Afghanistan’s Construction Union has called on the Islamic Emirate of Afghanistan (IEA) and the international community to pay the money owed to them for projects already worked on.

Union officials called a press conference in Kabul on Tuesday to address the issue of non-payment and said that about 2,000 construction companies are owed money for projects carried out for the former government and the international community.

“We don’t have money. People want money from us, because of this [problem] four companies have closed; our sector is facing severe financial pressure,” said Mohammad Nasir Mohtasibzada, the head of the union.

Some members of the union meanwhile called on the IEA to clarify the fate of hundreds of incomplete projects.

They also called for the release of Afghanistan’s frozen assets, which amount to over $9 billion.

“We urge the international community to release the frozen money, in order to put an end to the current economic crisis,” Shams Ur Rehman, a member of the union said.

Ministry of Finance officials meanwhile said that efforts are underway to resolve the problems faced by construction companies.

“We are committed to helping construction companies financially; one we have established a commission to investigate this, second to give money to the private sector,” said Ahmad Wali Haqmal, spokesman for the Ministry of Finance.

Economic analysts say that the Ministry of Finance and international donors should resolve the problems within the private sector, adding that if this is not done, construction companies will be forced to close and an economic collapse will occur.

“The Islamic Emirate should work to prevent the collapse of the private sector,” said Abdul Bashir Sharifi, one economic analyst.

According to analysts, the IEA should also start working closely with the private sector, and monitor the implementation of big projects.

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Afghan deputy commerce minister travels to India for trade fair in Delhi

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Afghanistan’s Deputy Minister of Industry and Commerce, Ahmadullah Zahid, has travelled to India to attend the India International Trade Fair (IITF) 2026 in New Delhi.

The ministry said Zahid is scheduled to meet senior Indian government officials, trade representatives and investors during the visit.

Discussions are expected to focus on expanding bilateral trade and economic relations, increasing trade between the two countries, exploring new markets for Afghan products and identifying opportunities for joint investment.

The ministry said the visit aims to strengthen trade cooperation, promote Afghanistan’s production and export potential, and create new opportunities for economic engagement between Kabul and New Delhi.

The 45th India International Trade Fair (IITF) 2026 takes place from November 13 to November 27 in New Delhi.

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Afghanistan hosts dialogue on Islamic microfinance to expand access to Sharia-compliant financial services

Participants also explored practical solutions and future steps to strengthen the sector, emphasizing the importance of cooperation, knowledge-sharing and better coordination among relevant institutions.

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A dialogue on Islamic microfinance was held in Kabul on Wednesday, bringing together representatives of financial institutions, government authorities, international partners and Afghanistan’s microfinance sector to discuss ways of expanding inclusive financial services in the country.

The event was organized by The Liaison Office in coordination with the Afghanistan Microfinance Association (AMA), Da Afghanistan Bank (DAB) and the Indonesian Embassy in Kabul.

Participants discussed opportunities and challenges facing the development of Islamic microfinance services, with a focus on expanding access to financial products that comply with Islamic Sharia principles.

Representatives of AMA, Da Afghanistan Bank and the Indonesian Ambassador to Afghanistan delivered keynote remarks, highlighting the current situation of the microfinance sector, international experiences and opportunities for developing diverse Islamic financial products.

Two panel discussions focused on major challenges facing microfinance institutions, including structural barriers to growth, limited access to capital, funding and liquidity constraints, difficulties in securing guarantees, and the long-term sustainability of Islamic microfinance services.

Participants also explored practical solutions and future steps to strengthen the sector, emphasizing the importance of cooperation, knowledge-sharing and better coordination among relevant institutions.

The dialogue concluded with calls for stronger collaboration among financial institutions and development partners to improve access to inclusive, sustainable and Sharia-compliant financial services across Afghanistan.

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Iraqi intelligence report alleges oil smuggling network supplying Afghanistan and Turkey through Iran

The report highlights broader challenges facing regional authorities in combating illicit oil trade and enforcing international sanctions.

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An Iraqi intelligence report obtained by Sky News Arabia has revealed alleged large-scale crude oil smuggling operations from northern Iraq into Iran, where the oil is reportedly refined and later sold in regional markets, including Afghanistan and Turkey.

According to the report, shipments of crude oil are transported through land routes and unofficial trade channels into Iranian territory, where they undergo refining and processing before being re-exported to foreign markets.

The intelligence findings suggest that the alleged network is designed to bypass international sanctions and facilitate the movement of petroleum products outside official trade and financial monitoring systems.

The report further indicates that smuggling networks rely on informal transportation routes and cross-border commercial channels to maintain the collection, processing and distribution of oil products while avoiding regulatory oversight.

The revelations have raised concerns over cross-border smuggling, the loss of national resources and the potential impact of illicit oil trade on regional economies.

Security and political observers say the reported activities could put additional pressure on Iraqi authorities to strengthen border controls, monitor oil transportation routes and improve coordination with regional and international partners.

However, the allegations outlined in the intelligence report have not been independently verified, and further details about the networks involved, the quantities of oil transported and the scale of supplies reaching Afghanistan and Turkey remain unclear.

The report highlights broader challenges facing regional authorities in combating illicit oil trade and enforcing international sanctions.

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