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NUG has no strategy to attract investments: AISA

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Last Updated on: October 25, 2022

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The Afghanistan Investment Support Agency (AISA) has said that the National Unity Government (NUG) has no proper strategy for attracting investments in Afghanistan.

Muhammad Qurban Haqjo, head of AISA said that Afghanistan will have economic problems if the government does not find a proper solution for encouraging investors in the country.

Attracting investments was one of the basic slogans of the NUG since its formation. Now nine months passed since the beginning of the new government but AISA complaint over its performance.

“Afghanistan faces serious economic problems. We must move toward producing but unfortunately the government has no strategy regarding the issue,” Muhammad Qurban Haqjo, head of AISA said.

However, Craftsmen Union declared that they would not believe the government’s slogans until it does not see their practical performances.

“We have our problems since the past 13 years. Authorities have always promised us but have not fulfilled their commitments,” Abdul Jabar Safi, deputy of Craftsmen Union said.

The new government is committed to change Afghanistan from a consuming economy to an exporting source.

AISA pursue establishment of a long lasting and sustainable relationship between government and the private sector that will be based on trust and continuous cooperation.

The government is well prepared to cooperate with the private sector to lead the country towards self sufficiency and economic growth.

AISA believes that the country may not experience economic amelioration unless import is substituted with investment in production.

The case of Afghanistan is emblematic of countries in the throes of armed conflict, in which investment present significant protection challenges.

Lack of resources and government capacity, fluctuating commitment of the international community, and collapse of the policing and judicial systems are but some of the challenging characteristics of the volatile Afghan context.

As outlined in this snapshot, as much as investment is needed in Afghanistan to restore and improve peoples’ access to basic services and improve standards of living, investment can also pose significant risks to people.

At the same time, the country’s extreme context presents some significant challenges to the protection of foreign investments.

 

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Eight dead after 5.8-magnitude earthquake hits Afghanistan

The family members who perished included a father, mother, four daughters, and two sons. In addition to the deaths, a child was reported injured in the incident.

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A powerful 5.8-magnitude earthquake struck Afghanistan on Friday, killing at least eight people and injuring a child when a house collapsed in Kabul. According to local officials, the victims were all members of the same family.

Hafiz Basharat, spokesperson for the Kabul Governor, confirmed that the fatalities occurred in the Bagrami district of Kabul. The family members who perished included a father, mother, four daughters, and two sons. In addition to the deaths, a child was reported injured in the incident.

The earthquake, which originated in the Hindu Kush region of Afghanistan, struck at a depth of approximately 177 kilometers, according to the German Research Centre for Geosciences. Tremors were felt across a wide area, including Kabul, Pakistan’s capital Islamabad, and India’s capital New Delhi.

Local authorities have yet to release additional details regarding the extent of the damage or any further casualties caused by the earthquake.

As rescue operations continue, Afghan authorities are assessing the full impact of the earthquake, which has left many concerned about the potential for more aftershocks in the region.

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5.8-magnitude earthquake shakes parts of Afghanistan

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A strong earthquake measuring 5.8 on the Richter scale struck parts of Afghanistan on Friday night, according to the United States Geological Survey (USGS).

The epicenter was reported in Jurm district of Badakhshan province, with a depth of 186 kilometers.

There have been no immediate reports of casualties or damage.

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China says Afghanistan–Pakistan peace talks show progress

China has positioned itself as a facilitator, aiming to create conditions for dialogue and provide a platform for negotiations.

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Negotiations between Afghanistan and Pakistan are making steady progress, China said on Friday, as efforts continue to ease tensions in their most serious conflict since the return of the Islamic Emirate of Afghanistan in 2021.

Speaking at a regular press briefing, Chinese foreign ministry spokesperson Mao Ning said both sides had welcomed Beijing’s mediation and were willing to resume dialogue. “This is a positive development,” she said, noting that China remains in close communication with both governments.

Beijing— which shares a border with both countries—has stepped up diplomatic engagement in recent months, including calls with foreign ministers and a visit by a special envoy in March. Previous rounds of talks have reportedly taken place in Urumqi, though officials did not confirm the latest venue.

China has positioned itself as a facilitator, aiming to create conditions for dialogue and provide a platform for negotiations. Mao said further details would be released jointly by the three countries “in due course.”

Clashes between Afghan and Pakistani forces since October have killed dozens on both sides, with Afghan civilians bearing the brunt of the violence. Islamabad has accused Kabul of harboring militants responsible for cross-border attacks—an allegation Afghan authorities deny, calling militancy a domestic issue for Pakistan.

The renewed diplomatic push signals cautious optimism that tensions between the neighbors could ease through sustained dialogue under Chinese mediation.

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