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Finance ministry reports 37% rise in revenues

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The Finance Ministry of the Islamic Emirate of Afghanistan (IEA) announced Sunday it had collected around 194 billion Afghanis in the last solar year, 1401, which shows an increase of 37 percent compared to the year 1400.

Meraj Mohammad Meraj, deputy director of revenues department of the Ministry of Finance said in a press conference that revenues in the year 1400 was 141.8 billion Afghanis but in 1401, it stood at 194.4 billion Afghanis.

Officials in this ministry also said that the draft budget for 1401 is expected to be approved by the leader of the Islamic Emirate within a week. In the budget of the current fiscal year, 150 development projects have also been included.

Exemption from tax penalties, extension of working hours in customs from 16 to 24 hours, the fight against corruption, electronic revenue collection, installation of digital scales in customs, increase in transit through Afghanistan are among the other achievements officials highlighted.

“Last year, we promised that we would serve the Islamic system and the people. Now we also say that your assets are really spent. There will be no corruption. We will eliminate corruption,” Abdul Mateen Saeed, General Director of Customs of the Ministry of Finance, said.

Ahmad Wali Haqmal, the spokesman of the Ministry of Finance, said: “Last year was a very good year from the financial point of view. The Ministry of Finance with an aim to strengthen the economic pillars of the country, injected 8 to 10 billion Afghanis to the markets every month through salaries etc.”

According to the officials, during the last year, the total value of exports was more than 170 billion Afghanis and imports were more than 599 billion Afghanis. They added that there has been 50 to 70 percent reduction in customs duties on 326 items of basic and food materials.

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Economic Commission approves expansion of Sher Khan port to boost regional trade

The commission also approved extending the port’s operating hours in coordination with Tajikistan to facilitate the movement of a greater number of commercial vehicles and improve cross-border trade.

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Afghanistan’s Economic Commission has approved a series of measures to expand the capacity of Sher Khan Port in an effort to strengthen trade with Tajikistan, Kyrgyzstan, and China.

The commission, chaired by Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar, met on Tuesday to review proposals submitted by the Ministry of Transport and Civil Aviation aimed at increasing regional trade through the northern border crossing.

According to the approved plan, the Ministries of Finance, Interior, and other relevant institutions will develop new infrastructure at Sher Khan Port and expand existing facilities to accommodate growing trade volumes.

The commission also approved extending the port’s operating hours in coordination with Tajikistan to facilitate the movement of a greater number of commercial vehicles and improve cross-border trade.

In addition, the Ministry of Finance was instructed to allocate funding for the construction of a logistics center at Sher Khan Port. The facility will provide customs services, warehousing, cargo handling, and freight-loading operations to streamline trade activities.

The meeting also directed the Ministry of Public Works to construct the necessary railway infrastructure inside Afghanistan to activate the ECO railway corridor, a regional transport initiative linking Iran, Afghanistan, Tajikistan, and Kyrgyzstan under the framework of the Economic Cooperation Organization (ECO).

Separately, the commission decided that several state-owned entities will transfer their scrap iron to the National Development Company, which will process the material into standard steel reinforcing bars (rebar) for use in major government infrastructure projects.

The commission also endorsed 37 national standards and 12 testing methods proposed by the National Standards and Quality Authority. The standards cover agricultural products, food items, pharmaceuticals, construction materials, telecommunications and electrical equipment, chemicals, plastics, medical equipment, and several other sectors. Officials said the standards were developed in line with Afghanistan’s current needs and international benchmarks.

The meeting concluded with the presentation of follow-up reports on a number of ongoing issues, and relevant institutions were given the necessary directives. All decisions adopted during the session have been forwarded to the Office of the Supreme Leader for final approval.

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Afghanistan, Uzbekistan sign $50 million worth of trade agreements at Mazar-e-Sharif forum

The business forum reflects ongoing efforts by both countries to deepen commercial ties and promote regional economic integration through increased private-sector engagement.

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Afghanistan and Uzbekistan signed 25 cooperation agreements worth $50 million during a bilateral business forum held in the northern city of Mazar-e-Sharif, officials said.

Faiz Ahmad Khawafi, Deputy for Provincial Affairs at the Afghanistan Chamber of Commerce and Investment, said the agreements were signed in the presence of 130 Uzbek businessmen and investors, the governor of Uzbekistan’s Fergana region, as well as Afghan local officials and private sector representatives.

According to Khawafi, the agreements aim to expand bilateral trade, boost investment, and strengthen economic cooperation between Afghanistan and Uzbekistan.

The business forum reflects ongoing efforts by both countries to deepen commercial ties and promote regional economic integration through increased private-sector engagement.

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Iran seeks to establish free trade zone with Afghanistan and China

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Iranian officials have announced that they are pursuing a plan to establish a trilateral free trade and industrial zone between Iran, Afghanistan, and China aimed at expanding economic cooperation, attracting foreign investment, and strengthening transit routes.

Morteza Zakarian, Director General of Economic and Financial Affairs of Iran’s South Khorasan Province, said the proposal was put forward based on the geographical, mining, and transit capacities of the three countries, and that administrative and expert reviews of the plan are ongoing.

Speaking at a meeting with a Chinese economic delegation at the South Khorasan Special Economic Zone, Zakarian said the Iran-Afghanistan-China route could serve as a secure and sustainable corridor, creating opportunities for expanded trade and economic cooperation among regional countries.

He added that the proposal to establish the trilateral free trade zone was presented by the provincial governor during the Iranian president’s visit to South Khorasan in 2025.

Zakarian stressed that the implementation of the project should not rely solely on government resources, adding that the private sector, particularly Chinese investors, could play an important role in making the plan a reality.

The Director General of Economic and Financial Affairs of South Khorasan highlighted the province’s border location with Afghanistan, mineral resources, workforce, available land for economic projects, and position along major transit routes as key advantages.

He said Afghanistan’s mineral resources, rare elements, and transit position, along with China’s investment capacity, financing potential, and technological expertise, could contribute to this economic cooperation model.

Zakarian also noted the growing presence of Chinese investors in South Khorasan, saying that 12 investment projects by Chinese nationals have so far been approved in the province, with more than half receiving approval over the past two years.

 
 
 
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