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Only one transit cargo arrived through Lapis Lazuli Route

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(Last Updated On: January 18, 2020)

It has been a year since the Lapis Lazuli Route has been inaugurated, but only one transit cargo has arrived from Afghanistan to Turkey.

The private sector wants the government to provide facilities along the route.

The Ministry of Commerce and Industries promises to help solve problems related to the Lapis Lazuli Route.

The Lapis Lazuli route has been inaugurated last year in December in Herat. This route connects Afghanistan to turkey through Turkmenistan and then to Europe.

The businessmen say that since the inauguration, only one transit cargo has been sent to Turkey. They want the government to provide further facilities along the route.

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Afghanistan’s exports to India total almost $200 million in past 9 months

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(Last Updated On: January 31, 2023)

The Ministry of Industry and Commerce (MoIC) says over the past nine months, Afghanistan has exported goods to India worth $159 million, most of which was asafetida, saffron and pistachio nuts.

The MoIC officials said Tuesday they would try to expand economic relations between Kabul and New Delhi because India can become one of Afghanistan’s major economic partners.

“In the last nine months, our exports to India totalled $159 million,” said Abdul Salam Akhundzada, a spokesman for the MoIC.

According to MoIC’s officials, Afghanistan has imported goods worth $291 million from India in nine months, and the total trade volume is $450 million.

“The important goods we exported were pistachio, cumin, raisins, saffron and asafetida seeds, and we imported sugar, medical spices and various clothes from India,” said Akhundzada.

“And our imports from India totals $291 million.”

However, the Afghanistan Chamber of Commerce and Investment (ACCI) has said that there are currently problems with the export and import of goods from India but once these problems are solved, the trade volume will amount to $1 billion.

Meanwhile, the commodities are being transported from Afghanistan to India and vice versa via the air corridor, Wagah port in Pakistan and Bandar Abbas in Iran.

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World Bank report finds Afghan revenue collection strong

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(Last Updated On: January 27, 2023)

The World Bank on Wednesday published its latest report on Afghanistan’s economy and painted a slightly positive picture – stating that in the first nine months of the fiscal year 2022, exports were good, the exchange rate was stable and the Islamic Emirate’s revenue collection had been strong.

The World Bank stated that inflationary pressure in Afghanistan has eased since July of last year, decelerating by half to 9.1 % in November, while most basic food and non-food items are still widely available. The report stated the decline in inflation was due to lower global oil and food prices, along with a stable exchange rate.

The bank stated that Afghanistan exported $1.7 billion worth of goods during this time, an increase of approximately 90% compared to the full year 2021.

The report noted that January to June 2022 data shows the country imported $2.9 billion of goods.

In addition, the report stated that revenue collection had remained strong, reaching $1.54 billion between March and December 2022, in line with 2020 results.

A major chunk of the revenues came from taxes collected at borders and non-tax sources while a rise in coal mining royalties and fees were likely the drivers of the increase in revenue, the report found.

The report also noted that most government workers in Afghanistan have received salaries regularly and that their main problem was the lack of cash in banks when withdrawing their salaries.

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New labor minister promises to provide job opportunities to curb migration

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(Last Updated On: January 27, 2023)

Abdul Manan Omari, the new minister of labor and social affairs, says the ministry will try to provide job opportunities for people inside the country so as to stop Afghans from seeking work outside the country.

In an introductory ceremony on Thursday in Kabul, the new minister said the ministry will also try to defend the rights of Afghans working in other countries, as well as create job opportunities in order to curb migration.

Meanwhile, Noorul Haq Anwar, the head of the Administrative Office, said at the event that the Islamic Emirate is a national system and is committed to providing balanced services throughout the country.

“The rights of all citizens will be addressed,” said Anwar.

According to him, many attempts have been made to weaken the country’s economy, but they have managed to control this.

He said they will not allow anyone “to lead the country to an economic crisis” and expressed hope that with the changes in the leadership of the Ministry of Labor and Social Affairs, services will improve.

Currently, the country’s unemployment rate is estimated to be at above 90% as hundreds of thousands of people lost their jobs following the withdrawal of foreign troops and the collapse of the former government.

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