Business
Efforts underway to prevent economic collapse of Afghanistan: IFRC
The International Federation of Red Cross and Red Crescent Societies (IFRC) said that efforts are underway to prevent an economic collapse of Afghanistan.
Addressing a press conference in Kabul on Saturday, deputy head of the IFRC and head of Turkish Red Crescent said that humanitarian aid can’t fill the vacuum of economic problems.
“Red Crescent is a door of aid for Afghanistan. We encourage and support all international organizations to assist Afghanistan. We call on them to help Afghanistan as soon as possible.
“The problems like migration will be expanded, if the world does not help Afghanistan,” said Kerem Kinik, deputy head of IFRC and head of Turkish Red Crescent.
According to Kinik, Turkey will provide 800 tons of foodstuff, medical supplies and other necessary goods to Afghanistan.
He added that the first consignment of aid will arrive in Kabul soon.
“We have assisted with $10 million to Afghanistan that has reached two million people, it is humanitarian aid, and Turkey aid will continue. The aid includes shelter and foodstuff,” said Kinik.
This comes after the UN’s World Food Program said that more than half the population of Afghanistan is facing urgent humanitarian assistance.
The Ministry of Commerce and Industry said Thursday it has signed cooperation agreements with ten institutions to support the development of small and medium-sized enterprises.
Nooruddin Azizi, Acting Minister of Commerce and Industry, said: “In the implementation of projects, we must pay special attention to our activities and actions and try to make useful use of the projects according to the requirements and benefit the beneficiaries.”
These ten institutions are to present their projects, the total value of which is around over $1.1 million. The projects will be carried out in Kabul, Baghlan, Ghor, Herat, Logar, Nangarhar, Balkh, Badakhshan and Jawzjan provinces and provide direct jobs for about 1,000.
To date, the ministry has signed MoUs for 72 projects in total, collectively valued at about $53.6 million.
These agreements have been signed with domestic and foreign companies for the establishment of small and medium-sized businesses.
In accordance with the principles and laws of the Islamic Emirate and prioritizing the implementation of projects for immigrants and returnees and internally displaced people, the ministry said 635,865 people will benefit through jobs directly and over 4.3 million will benefit indirectly in 25 provinces once these projects are implemented.
The National Statistics and Information Authority (NSIA) confirmed Tuesday that in the last month of solar year 1402, (March 2024) Afghanistan’s exports totaled $141.1 million and imports totaled $789.6 million.
This was down from $174 million for exports in the same period in 1401. However, imports increased by $99.2 million in 1402, up from $690.4 million.
Most exports in the last month of 1402 went to Pakistan, India and the United Arab Emirates, while in the last month of 1401 exports went to Pakistan, India and China.
The Ministry of Interior said the governor of Herat province Islam Jar met with Alim Khan Yasin Gildaye, Ambassador of Kazakhstan to Afghanistan, to discuss various issues around trade.
According to the ministry, the two sides discussed the expansion of trade facilities, increasing the volume of trade exchanges between traders of the two countries, reducing customs tariffs, solving the challenges of traders and issuing visas to them.
The Afghanistan-Kazakhstan Chamber of Commerce has been opened in Herat in order to facilitate and increase trade between the two countries.
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