Business
Price hike adds to humanitarian crisis in Afghanistan
Grain prices in Afghanistan have kept soaring due to the sanctions imposed by the United States and the ongoing conflict between Russia and Ukraine, adding to the aggravated humanitarian crisis suffered by the Afghan people, CCTV reported.
Abdul Shukoor is a vegetable vendor who has been living at a hillside settlement named Demazang north of downtown Kabul for 20 years with his family.
Resulting from the poor living conditions on the hill, the local residents are suffering severe water shortage and therefore are forced to carry drinking water uphill with donkeys each day, read the report.
Frequent power outage is another issue upsetting the locals.
A China Central Television (CCTV) reporting crew has recently paid a visit to Abdul Shukoor’s home — a room measuring less than 10 square meters which houses 10 family members.
“I have two sons and six daughters. One of my sons died from illness. I can only make 5,000 to 6,000 Afghanis (around 56 to 67 U.S. dollars) each month, which is far from being enough to support the livelihood and subsistence of my family and to taking good care of my kids,” said Shukoor.
His late son passed away one month ago from cancer as a result of lacking money.
“My son who died was 18 years old this year. He was diagnosed with cancer a year ago and I don’t have enough money to take him to Pakistan or India for treatment. I lost my son because I don’t have money,” said Shukoor.
He said he borrowed a total of 300,000 Afghani (around 3,375 U.S. dollars) to take his son to doctors and now he has not paid the house rent for months. And the food price hike has added to the family’s hardship.
Some 19.7 million people, almost half of Afghanistan’s population, are facing acute hunger, according to the Integrated Food Security Phase Classification (IPC) analysis conducted in January and February 2022 by Food Security and Agriculture Cluster partners, including the Food and Agriculture Organization of the United Nations (FAO), the United Nations World Food Program (WFP) and many NGOs.
The analysis also pointed out that the Russia-Ukraine conflict continues to put pressure on Afghanistan’s wheat supply, food commodities, agricultural inputs, and fuel prices.
According to a grain ship owner named Shafi, the prices of rice and flour have more than doubled compared with six months ago.
“The rice price was some 70 to 100 Afghanis (around 0.8 to 1.1 U.S. dollars) per kg and it has now surged to about 150 to 200 Afghanis (around 1.7 to 2.2 U.S. dollars) per kg. The best quality rice is now sold at 180 to 200 Afghanis (about two to 2.2 U.S. dollars) per kg,” Shafi told the CCTV.
Following the withdrawal of U.S. troops from Afghanistan in August last year, the U.S seized seven billion U.S. dollars worth of frozen assets of the Afghan central bank, which has aggravated the humanitarian crisis in the country.
“The money frozen by the U.S. government belongs to the Afghan people. They should not have done that because the money is property of our people. What the U.S. cares about is only to maximize interests for itself, and it has done nothing conducive to the Afghan people. If they were here to help us, then why have we still been living in shabby houses like this and seeing nothing improved in our lives. The U.S. came here to pursue their own interests instead of helping the poor here,” said Shukoor.
Business
Commerce ministry inks 10 MoUs to boost development of small and medium-sized businesses
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.
Business
Export volume totals over $140 million in last month of 1402
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.
Business
Afghanistan-Kazakhstan chamber of commerce opens in Herat
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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