Business
World Bank says donors approve transfer of $280 million dollars to help Afghanistan
The World Bank on Friday confirmed that donors have approved the transfer of 280 million U.S. dollars to UNICEF and the World Food Programme (WFP) from the World Bank-administered Afghanistan Reconstruction Trust Fund (ARTF), Reuters reported.
The aid aims to help Afghanistan respond to its humanitarian crisis, while bypassing the government formed by the Islamic Emirate or Afghanistan [IEA].
The IEA says the international community has not been realistic and must avoid mistakes of the past, Reuters reported.
The Islamic government is independent, responsible, committed to its pledges, Inamullah Samangani, deputy government spokesman said in an interview with China Global Television Network (CGTN).
It’s a golden opportunity for the international community, particularly the powerful countries of the world, to interact with today’s Afghanistan and open a new chapter of relations that could benefit both Afghanistan and the international community, he said.
Soon after the IEA took power on August 15, the U.S. blocked access to 9.5 billion dollars in Afghanistan’s central bank reserves held in the U.S.
International Monetary Fund (IMF) paused the release of more than 400 million dollars in funds, citing “a lack of clarity within the international community regarding recognition of a government in Afghanistan.”
According to the report the World Bank also stopped disbursing aid money reserved for the country.
“We request the international community to put pressure on the US to unfreeze our money. This money belongs to the people,” said Mohamad Mangal, a Kabul resident.
“As a human being, I urge the international community to assist people of Afghanistan, based on the values of humanity,” said Sher Agha, another resident.
According to the Reuters Afghan experts welcome the aid but insist that it is not enough to help millions of people in need.
“As much as this money is helpful, it’s not enough unless the international community engages with the Taliban [IEA], we find a working relationship, and the federal reserves of Afghanistan can be released. This is never going to be enough,” said Obaidullah Baheer, a civil society activist.
“Economic development is not possible without money. So it is my request the world community, World Bank, IMF and US government and European Union to come forward and help Afghanistan to ease the economic crisis,” said Alam Khan Hamdard, an economic expert.
Many experts believe that this winter will be the harshest of all times for millions of Afghans, Reuters reported.
Business
Afghanistan-Kazakhstan banking ties discussed in Kabul meeting
Business
Afghanistan, Kazakhstan envoys discuss expanding trade and regional connectivity
Ambassador Shakeeb thanked Kazakhstan for its continued support and constructive engagement with Afghanistan, particularly in efforts aimed at peace and economic development.
Afghanistan’s Ambassador to Pakistan, Sardar Ahmad Shakeeb, has met with Kazakhstan’s Ambassador to Pakistan, Yerzhan Kistafin, to explore ways to strengthen bilateral relations and advance regional cooperation.
The two envoys exchanged views on Afghanistan–Kazakhstan ties, regional connectivity, and major infrastructure initiatives, as well as the opportunities and challenges facing regional trade. Discussions also touched on Kazakhstan’s role in promoting regional stability and other matters of mutual interest.
Ambassador Shakeeb thanked Kazakhstan for its continued support and constructive engagement with Afghanistan, particularly in efforts aimed at peace and economic development.
He expressed hope that the proposed $3 billion joint trade agreement, once finalized, would bring tangible benefits to both countries and contribute to broader regional economic integration.
Ambassador Kistafin reaffirmed Kazakhstan’s support for stability and economic growth in Afghanistan, highlighting his country’s involvement in key regional connectivity and trade projects.
He said the current security and stability situation in Afghanistan has increased Kazakhstan’s confidence in expanding regional trade and transit, and praised the efforts of the Islamic Emirate in this regard.
He also stressed the need for coordinated regional efforts to ensure lasting stability, sustainable economic development, and the smooth movement of goods and transit across the region.
Business
Mahirood Customs leads Iran’s exports to Afghanistan
More than 1.5 million tonnes of goods were exported to Afghanistan through the border crossing during this period.
Mahirood Customs in South Khorasan province has become Iran’s main export gateway to Afghanistan, accounting for 36 percent of the country’s total exports to its eastern neighbor, Iranian officials said.
South Khorasan Governor Seyed Mohammadreza Hashemi told local media that Mahirood ranked first among Iran’s 71 active customs points during the first eight months of the current Iranian year.
More than 1.5 million tonnes of goods were exported to Afghanistan through the border crossing during this period.
Official customs figures show that Iran’s total exports to Afghanistan exceeded 4.26 million tonnes in the first eight months of the year, with Mahirood handling the largest share, Hashemi said.
He attributed the strong performance to South Khorasan’s strategic location, improved border infrastructure, effective planning, close cooperation with traders, and coordinated efforts by government agencies.
Hashemi said the expansion of exports via Mahirood Customs is contributing to economic growth, job creation, and stronger economic diplomacy for the province.
He added that continued support for exporters and streamlined customs procedures could further increase South Khorasan’s share of the Afghan market and other target markets in the future.
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