Connect with us

Business

Finance ministry reports 37% rise in revenues

Published

on

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.

Business

Chief of Jamaat-e-Islami Pakistan calls for reopening of Durand Line crossings

Published

on

Hafiz Naeemur Rehman, chief of Pakistan’s Jamaat-e-Islami Pakistan political party, has called for the immediate reopening of crossings along the disputed Durand Line and the regularisation of trade with Iran, warning that prolonged border restrictions are worsening economic hardship for communities on both sides.

Speaking at a public gathering in Zhob, in Pakistan’s Balochistan province, Rehman said restoring cross-border trade was essential for reviving Pakistan’s struggling economy and reducing pressure on ordinary citizens already grappling with inflation and unemployment.

He proposed the formation of a joint committee made up of tribal elders, business leaders and local representatives to help restore trade, resolve disputes and maintain stability along the border region.

Rehman also called for the establishment of special trade zones along the Durand Line to facilitate legal commerce and create employment opportunities in areas heavily dependent on cross-frontier movement.

The Jamaat-e-Islami leader criticised current management policies, alleging that crossings were being opened selectively for the benefit of a small group of traders while thousands of transport workers, merchants and families continued to suffer financially from the closures.

Major crossings along the Durand Line have remained largely shut since October 11 following intense clashes between Afghan and Pakistani forces and Pakistani airstrikes inside Afghanistan that reportedly killed dozens of people on both sides.

The violence sharply escalated already strained relations between Islamabad and Kabul, with Pakistan accusing Afghanistan-based militants of carrying out cross-border attacks, claims the Afghan authorities have repeatedly denied.

The prolonged restrictions have severely disrupted trade and travel between the two countries, particularly affecting frontier provinces where local economies rely heavily on the movement of goods, fuel and agricultural products.

Traders and transport unions in both Afghanistan and Pakistan have repeatedly warned that continued closures are causing heavy financial losses and worsening shortages in some areas.

Continue Reading

Business

Major pharma firms eye investment in Afghanistan

Published

on

Several major international pharmaceutical companies could invest in medicine production in Afghanistan as part of growing cooperation between UN agencies and Afghan authorities, who hope to strengthen the country’s healthcare system.

The development was highlighted during a meeting between Afghanistan’s Minister of Economy, Din Mohammad Hanif, and UNICEF Representative Tajudeen Oyewale, where discussions focused heavily on improving healthcare access and expanding pharmaceutical capacity.

UNICEF officials indicated that several global drug manufacturers are preparing to coordinate with Afghanistan’s Ministry of Public Health on establishing or supporting local medicine production.

The aim is to improve the availability of essential medicines for humanitarian operations while also strengthening supply in domestic markets.

The proposed investments are expected to reduce Afghanistan’s reliance on imported pharmaceuticals and improve access to essential treatments, particularly in areas affected by economic hardship and ongoing humanitarian needs.

Alongside the pharmaceutical plans, UNICEF reaffirmed its continued commitment to humanitarian assistance in Afghanistan, including programmes addressing food insecurity, climate-related pressures, and support for returning migrants.

According to figures discussed in the meeting, $520 million has been requested from international donors to support returnees. Of this, $100 million is allocated for emergency assistance, while $420 million is intended for longer-term resettlement and reintegration support.

Afghan authorities welcomed the prospect of expanded pharmaceutical investment, with Din Mohammad Hanif stressing the importance of development cooperation, job creation, and increased international engagement to support economic stability.

Officials said strengthening the pharmaceutical sector could become a key pillar in Afghanistan’s broader efforts to improve healthcare resilience and move toward greater self-sufficiency in essential medical supplies.

Continue Reading

Business

Kazakhstan reports 2.3-fold rise in grain exports to Afghanistan

Published

on

Afghanistan has sharply increased imports of grain from Kazakhstan, with deliveries rising 2.3-fold between September 2025 and May 20, 2026, according to Kazakhstan’s Agriculture Ministry.

During that period, Kazakhstan exported around 3 million tons of grain to Afghanistan, compared to 1.3 million tons in the same period a year earlier.

The increase comes as Afghanistan’s Finance Ministry said this week that wheat imports into the country have risen by 345% following changes in customs tariffs aimed at supporting domestic production. According to the ministry, tariffs on imported wheat flour were gradually increased from 5% to 8%, while duties on wheat imports were reduced to encourage local flour processing.

Officials said nearly 198,000 tons of wheat were imported during the first two months of the 1405 fiscal year, compared to 44,000 tons during the same period last year. The ministry added that the policy has helped expand operations at domestic flour factories, increase local production, and create more job opportunities.

Continue Reading
Advertisement
Advertisement
Advertisement
Advertisement

Trending

Copyright © 2025 Ariana News. All rights reserved!