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Finance Ministry reports 35% rise in revenues

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(Last Updated On: February 17, 2023)

The Ministry of Finance says it has collected more than 150 billion afghanis in revenues in the past 10 months, which represents a 35% increase compared to the same period last year.

The officials of the ministry add that the volume of the country’s exports has also increased this year compared to previous years, and they are seeking to boost economic activities in the country.

“One of the basic duties of the Ministry of Finance is to collect revenues. Revenues are much better than before. In the first ten months of the current year, we collected about 150 billion afghanis. If we compare this with previous years, it shows a 30 or 35 percent increase. This shows that we are in a positive direction economically,” said Ahmed Wali Haqmal, the spokesman of the Ministry of Finance.

Members of the private sector also welcome the provision of facilities for the development of economic activities by the Islamic Emirate, as they call on IEA to step up efforts to attract foreign investment in the country.

Khan Jan Alokozai, a member of the Chamber of Commerce and Investment, said that investments should be made in major projects such as Mes Aynak copper mining and electricity generation from coal.

Economic experts are of the opinion that the provision of facilities can increase domestic and foreign investments in different economic sectors in the country and help resolve the economic crisis.

“If the Taliban government (Islamic Emirate) wants to increase the level of exports, it should create incentives, shorten legal procedures and create transparency in them. It should develop industrial parks, reduce tariffs and facilitate the production of raw materials,” said Abdul Qadir Jilani, an expert on economic affairs.

Finance Ministry officials say major economic projects will be launched next year, and with it more jobs will be created.

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Azizi calls on Malaysian investors to invest in Afghanistan

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(Last Updated On: April 24, 2024)

Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.

The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.

According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.

According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.

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Afghanistan starts exporting via railway to Turkey

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(Last Updated On: April 22, 2024)

The Ministry of Interior says that Afghanistan has started exporting goods to Turkey via the Herat-Khaf railway line.

In a post on X, the ministry said: “Afghanistan’s exports to Turkey started in a calm atmosphere through the Herat-Khaf railway line.”

The ministry added that one train will run daily for a month and then two trains will run daily.

According to the ministry, the security of Khaf-Herat railway line is provided by the guards of the National Public Protection Agency.

Khaf-Herat railway project not only connects Iran and Afghanistan by rail, but also completes a 2,000-kilometer route along the east-west rail corridor from China, through Uzbekistan, to Afghanistan, to Iran, and on to Turkey and Europe.

As a landlocked country, this railway network will provide a safe route to connect with Europe via Iran’s railway network and Iran’s southern ports.

This railway line is strategic for trade between Iran and Afghanistan and will allow six million tons of goods to be sent between the two countries.

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Afghanistan, Kazakhstan to hold joint expo in Kabul

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(Last Updated On: April 21, 2024)

A joint expo between Afghanistan and Kazakhstan will be held in Kabul in the next four days, officials said on Sunday.

Officials of the Ministry of Industry and Commerce said that the two-day expo will be held for the purpose of expanding and strengthening trade relations between the two countries.

“This expo will be held as a follow-up of the Kazakh-Afghan international expo, which was held in the city of Astana, Kazakhstan, with the participation of a large delegation of the government and the private sector of the Islamic Emirate of Afghanistan,” Abdulsalam Javad Akhundzadeh, the spokesman of the Ministry of Industry and Commerce, said.
“At this expo, domestic products from different sectors of Afghanistan and the Republic of Kazakhstan will be put on display for two days.”

According to officials, 40 large Kazakh companies, and 40 large Afghan companies will exhibit their products.

Mohammad Saber Latifi, head of the Afghanistan International Expo Center, said that fruits, minerals and commercial services will be displayed at the expo.

During the expo, various memorandums of understanding for the trade of goods are also expected to be signed by companies.

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