Business
IEA says ground paved for the implementation of major economic projects in Afghanistan
The Islamic Emirate of Afghanistan (IEA) says all grounds have been paved for the implementation of huge economic projects in the country.
The Islamic Emirate officials have recently said that they are taking steps to start big economic and regional projects in the country.
According to them, the government is fully prepared to implement all major economic projects, including the transfer of 500 KV power lines, TAPI, and CASA-1000 projects that lead to regional connectivity.
The IEA spokesman Zabihullah Mujahid has emphasized that measures have been taken to implement these projects and to establish a railway between Central and South Asia.
“The Islamic Emirate has taken all the necessary preparations for the completion of these projects, including 500 KV power lines, TAPI and CASA-1000 projects,” said Mujahid.
“In terms of security, the number of employees and duties related to the government, the preparations have been made complete,” he added.
According to Mujahid, the government is waiting for the countries involved in these projects to show full readiness.
Meanwhile, the members of the private sector also call on the Islamic Emirate to increase its efforts to implement large economic projects, adding that the process of supporting these projects can get the country out of the economic crisis.
Economic experts meanwhile still consider regional economic projects as necessary to improve the country's economy and demand serious attention from the government in this sector.
In the past years, the lack of security was said to be one of the biggest challenges to the implementation of immense economic projects in Afghanistan, but after the Islamic Emirate’s takeover, the problem has been resolved.
Business
Over 1,500 emerald mines discovered in Panjshir: Local officials
Local officials in Panjshir have announced the discovery of over 1,600 emerald mines in the province, with extraction currently underway at 600 sites.
Over the past year, the extraction of emeralds from 600 mines in Panjshir has yielded 100,000 carats, valued at approximately $6.9 million.
Panjshir Governor Mohammad Agha Hakim expressed optimism that the development of the mining sector will provide significant job opportunities, particularly for the province’s youth.
Economic experts believe that increased investment in large-scale mining could create tens of thousands of direct and indirect jobs, helping to reduce unemployment.
Meanwhile, Panjshir residents are calling on the Islamic Emirate to expand mining contracts in the province, highlighting the area's wealth in emeralds, iron, lead, zinc, and gold.
Business
IEA has provided facilities for industrialists and investors: Baradar
Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar says the Islamic Emirate has provided land, privileges, and facilities for industrialists and returning investors in industrial zones.
Speaking at a conference in Kabul on Thursday titled “Calls for Investment in Afghanistan”, Baradar said that the law for industrial zones had been signed with an introduction, six chapters, 11 sections, and 67 articles.
"I urge industrialists and investors to transfer their industries and investments to the country so that they can fulfill their responsibility in the development of the country's industry,” said Baradar.
He stated that the IEA has increased customs duties on imported items that are produced domestically and meet the needs of the people, in order to support local production.
Baradar added that all government departments have been instructed to prioritize domestic products in their purchases.
Meanwhile, the acting Minister of Industry and Commerce Nooruddin Azizi also announced at the conference that 160,000 hectares of land has been allocated to industrialists, and 1,200 investors have invested $500 million in various sectors.
Azizi said: “We have around 1,200 companies requesting land, and approximately $500 million is being invested by them in Afghanistan."
According to him, returning industrialists and traders are exempt from customs duties on machinery and equipment imports, and at their request, two-year visas will be issued for their foreign technical workers and engineers.
The acting Minister of Economy Din Mohammad Hanif also said: “If Afghan investors residing abroad bring half of their investment back to the country, Afghanistan will become self-sufficient."
Business
UNAMA officials meet with minister of economy, over Afghanistan aid
Afghanistan’s minister of economy said at the meeting that this year, international organizations should focus more on the implementation of development projects
The head of the United Nations Assistance Mission in Afghanistan (UNAMA), along with her deputy, met this week with the acting minister of economy, Din Mohammad Hanif, for discussions around aid.
According to the ministry, the meeting between Hanif and Roza Otunbayeva and Indrika Ratwatte focused on "the effective and transparent adaptation of humanitarian aid in accordance with the economic needs and development priorities of the people".
Hanif stressed in this meeting that in the coming year, international organizations should focus more on the implementation of development projects and activities in the country in order to solve livelihood problems and reduce the level of poverty and unemployment.
The UN’s World Food Program meanwhile said in its latest report that in December the agency reached 5.9 million vulnerable people with 43,396 metric tons of food and US$18.7 million cash under its general food assistance program.
The agency also said that WFP Afghanistan is only 10 percent funded for the January to June 2025 six-month period, with a net funding requirement of US$652 million.
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