Business
IEA to develop charter of economy: deputy minister
The Islamic Emirate of Afghanistan will develop a charter of national economy in the coming months, its deputy minister of economy has said.
The charter would involve a single, independent economic policy based on the national interests and it would focus on the economic development of the country, Abdul Latif Nazari, told Ariana News.
With the charter, coordination among ministries and institutions in the sector of economy is expected to improve, according to the official who said the charter also aims to prevent corruption.
Nazari said that the Afghan people are in need of humanitarian assistance considering mass poverty.
“Many humanitarian organizations are open to engagement with the Islamic Emirate. We also have our plan for attracting aid. We have daily meetings and talks with them so that we could put an end to the suffering of the Afghan people. Humanitarian assistance is increasing day by day,” Nazari said.
Experts also said that Afghanistan would come out of the current crisis if practical steps are taken responsibly.
“I believe that we could restore our economy within a few months and come out of the current crisis,” said Mohammad Baz Ghairat, a political expert.
The United Nations has repeatedly warned that the humanitarian crisis in Afghanistan is worsening and has urged countries to provide funding.
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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