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Sanctions have delayed economic growth in Afghanistan: Nazari
Deputy Minister of Economy Abdul Latif Nazari says the IEA hopes sanctions will be lifted as soon as possible
Deputy Minister of Economy Abdul Latif Nazari says the imposed sanctions by the international community have delayed the growth, development and economic stability in Afghanistan.
“Unfair sanctions by several powerful countries have delayed the country’s economic growth. We hope that these sanctions will be lifted as soon as possible so that we can move towards economic growth, development and stability,” said Nazari.
The Islamic Emirate’s spokesman Zabihullah Mujahid also said that sanctions against the financial and banking sectors have had a negative impact on the country’s economy.
He has urged the international community, especially the US, to remove these sanctions and release Afghanistan’s foreign exchange reserves.
“We are facing some sanctions. Unfortunately, sanctions have been imposed by Western countries, both in the field of banking and in the field where Afghan money is blocked and not allowed to be used in the central bank. This has had all its negative effects,” said Mujahid.
The private sector also said that sanctions on the banking sector have prevented the country from growing rapidly because investors are having problems transferring money through banks.
Economic experts, meanwhile, believe that when the sanctions are lifted, the prices of goods will decrease and investments will be made in the country.
Currently, $7 billion in central bank reserves has been frozen by the United States; of which $3.5 billion has been transferred to a trust fund in Switzerland. The US President Joe Biden has allocated the remaining $3.5 billion to the families of the victims of the September 11, 2001 attacks.
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6.1-magnitude earthquake hits Afghanistan, epicenter in Badakhshan
A 6.1-magnitude earthquake struck Afghanistan on Saturday afternoon, according to the United States Geological Survey (USGS).
The quake’s epicenter was reported in Jurm district of Badakhshan province, with a depth of 208.3 kilometers.
So far, there have been no immediate reports of casualties or damage following the tremor.
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Delawar says Afghanistan has achieved security and unity after 47 years
Shahabuddin Delawar, Head of the Commission for Contact with Afghan Personalities, says Afghanistan has achieved security, unified governance, brotherhood, and progress for the first time in 47 years under the administration of the Islamic Emirate of Afghanistan (IEA).
Speaking at a meeting in Kabul on Saturday, Delawar said Afghanistan had lacked a unified system over the past four decades, but added that with the return of the Islamic Emirate, the issue has now been resolved.
Referring to Ashura commemorations held on Friday, he said the occasion was observed peacefully across the country under full security.
Delawar also urged exiled Afghan politicians to return, saying the commission was established to serve Afghans and address the concerns of returning figures. He added that any legal disputes involving returnees would be handled exclusively through the commission.
He further said the Islamic Emirate has expanded treatment centers and intensified anti-narcotics efforts since regaining power, claiming this has led to a significant decline in drug addiction.
Addressing the issue of international legitimacy, Delawar said he understood why the United States has not recognized the Islamic Emirate, arguing that Washington suffered a defeat in Afghanistan that it cannot easily overlook.
“They have suffered a major defeat that they cannot forget; if they recognize us, they will face questions from their own people,” Delawar said.
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EU announces major funding to support Afghan small businesses
The European Union says it is implementing hundreds of millions of euros in projects to support small and medium-sized enterprises (SMEs) in Afghanistan and help expand economic opportunities across the country.
Speaking to Ariana News, EU Chargé d’Affaires in Kabul, Veronika Boskovic Pohar, said the programs are aimed at creating jobs for skilled workers, women, youth, and returnees, while also strengthening the private sector. She added that alongside international support, Afghan authorities also have a role in facilitating economic growth.
According to Pohar, the EU is currently implementing projects worth €156 million focused on livelihoods, durable solutions, job creation, and women’s economic empowerment. She said an additional €40 million program specifically designed to support returnees will be launched in the near future.
She noted that the EU is gradually shifting its focus from emergency humanitarian aid toward long-term sustainable solutions, particularly for internally displaced people and returnees in Afghanistan.
Meanwhile, the United Nations, marking World Day of Small and Medium Enterprises, said SMEs account for more than 90 percent of businesses worldwide and play a critical role in employment and economic growth.
UN spokesperson Stéphane Dujarric stressed that stronger investment, innovation, and sustainable industrial development are essential to help businesses withstand economic challenges and build resilient economies.
Afghan private sector representatives and economic analysts say greater support for SMEs could help the country address economic challenges faster, increase employment, and promote sustainable long-term development.
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