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IEA says 1403 was a year of economic achievements

According to economic experts, despite sanctions and global pressures, the Islamic Emirate has been able to take important steps in the economic sector.

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Last Updated on: March 25, 2025

The Islamic Emirate of Afghanistan (IEA) says 1403 was a year of economic achievements, which saw a stable afghani (AFN), the start of TAPI, and new investments. Officials said there was also an increase in trade with numerous countries.

However, banking sanctions were not lifted and the country’s foreign reserves remained frozen.

The Islamic Emirate says that despite the sanctions and the failure to release the country’s foreign reserves, they have been able to maintain the value of the Afghan currency, attract large investments in the mining sector, and also promote trade relations with countries.

Zabihullah Mujahid, spokesman for the Islamic Emirate, says that major projects have been launched in the country and efforts are underway to connect Afghanistan with countries via a railway line.

The Ministry of Commerce and Industry says that a lot of work has been done in the trade sector and seven billion dollars’ worth of investments have been made in the country this year.

The Chamber of Commerce and Investment also says that 1403 was a good year for traders as prices remained stable and the country’s exports totaled $2 billion.

On the other hand, work on some major development projects has either been completed or begun, such as:

  • Completion of Kamal Khan Dam
  • Completion of Shah and Arous Dam in Kabul
  • Completion of Tori Dam in Zabul
  • Commencement of Palatuni Dam in Paktika
  • Expansion of railway lines
  • Commencement of TAPI project
  • Continuing the repair of the Salang Highway and the Kabul-Kandahar Road

According to economic experts, despite sanctions and global pressures, the Islamic Emirate has been able to take important steps in the economic sector.

The latest World Bank report states that the Afghan economy is however still unstable. The bank added that although the Afghan economy is witnessing slow growth after two years, it remains fragile and unstable.

The Islamic Emirate, however, said that they see a bright future ahead.

 

 

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Afghanistan eyes direct Basmati rice imports from India amid tensions with Pakistan

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Afghanistan is exploring direct imports of Basmati rice from India as it seeks to diversify its supply sources amid ongoing tensions with Pakistan, according to a report by The Hindu.

The report said Indian exporters and Afghan importers are expected to meet next month to discuss expanding direct trade in Basmati rice, following preliminary talks between officials from both countries held last week with the facilitation of the PHD Chamber of Commerce and Industry.

Afghanistan consumes nearly 500,000 tonnes of Basmati rice annually and has traditionally relied on imports from neighboring Pakistan. However, industry sources told The Hindu that recent strains in Afghanistan-Pakistan relations have encouraged Kabul to seek alternative suppliers, including India.

Representatives of Afghanistan’s diplomatic mission in New Delhi reportedly took part in the discussions and expressed interest in increasing purchases of Indian Basmati rice. At present, some Indian rice reaches Afghanistan indirectly through traders in Iran and Dubai, a route that adds to transportation and transaction costs.

One proposal under consideration is to transport rice through Iran’s Bandar Abbas Port, subject to agreements between the two governments. The discussions are also expected to cover logistics, payment mechanisms, and the possibility of barter trade, with Afghanistan’s dried fruit exports to India seen as a potential component of future trade arrangements.

According to The Hindu, a direct trade arrangement could help India expand its share of Afghanistan’s Basmati market, which has historically been dominated by Pakistani suppliers.

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Afghanistan, Kyrgyzstan establish trade council to boost economic cooperation

The two sides signed a memorandum of understanding to establish the Afghanistan-Kyrgyzstan Trade Council.

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The Embassy of the Islamic Emirate of Afghanistan in Kyrgyzstan says the Afghanistan-Kyrgyzstan Business Forum has been held with the participation of officials from both countries.

According to a statement issued by the embassy, Acting Ambassador Abdul Shakoor Haqqani said Afghanistan supports strengthening bilateral trade relations and promoting joint economic initiatives between the two countries.

The statement added that the two sides signed a memorandum of understanding to establish the Afghanistan-Kyrgyzstan Trade Council. The council aims to strengthen ties between business communities, coordinate joint initiatives, and expand and support economic projects.

Meanwhile, Sayed Karim Hashemi, Chairman of the Afghanistan Chamber of Commerce and Investment, arrived in Kyrgyzstan on Saturday at the head of a trade delegation to participate in the forum.

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Afghanistan invites Turkish investors to expand joint investments

Participants stressed the importance of increasing private sector cooperation and creating new opportunities to boost trade and investment between Afghanistan and Türkiye.

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A high-level Afghan business delegation, led by the Chairman of the Balkh Chamber of Commerce and Investment, Mohammad Ibrahim Ghazanfar, participated in the Afghanistan–Türkiye Joint Business Council meeting in Istanbul, calling for expanded joint investment and stronger economic cooperation between the two countries.

According to a statement from the Balkh Chamber of Commerce and Investment, Ghazanfar invited Turkish investors and industrialists to explore investment opportunities across various sectors in Afghanistan, emphasizing the country’s potential for mutually beneficial partnerships.

The meeting brought together business leaders, investors, and private sector representatives from both Afghanistan and Türkiye to discuss ways to strengthen bilateral trade and economic ties.

During the event, several cooperation agreements were signed between Afghan and Turkish economic institutions. The agreements are aimed at expanding commercial relations, promoting joint investment projects, and enhancing economic cooperation between the two countries.

The meeting was chaired by Süleyman Güllü, Chairman of the Türkiye–Afghanistan Joint Business Council, and was attended by Mohammad Akbar Azimi, the Islamic Emirate of Afghanistan’s Consul General in Istanbul, along with a number of businessmen and investors from both countries.

Participants stressed the importance of increasing private sector cooperation and creating new opportunities to boost trade and investment between Afghanistan and Türkiye.

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