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ADB committed to assisting Afghanistan post troop withdrawal

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The Asian Development Bank says it will continue its economic programs in Afghanistan after US and NATO troops have withdrawn.

Officials at the bank said that although the withdrawal of foreign troops from Afghanistan will create an economic vacuum, the bank is working to continue its development plans for Afghanistan.

Officials added that they are continuing their projects in the sectors of electricity, transport and agriculture.

“We have a large number of infrastructure projects, and the security of these projects is provided by the Afghan Public Protection Forces, we will continue to work,” said ADB’s Country Director for Afghanistan Narendra Singru.

On the other hand, the Afghan Chamber of Commerce says that there are economic-related concerns about the withdrawal of foreign troops from Afghanistan, and some problems will remain in this area.

However, economists say continuing ADB projects in Afghanistan could address some of the economic challenges posed by the withdrawal of foreign troops.

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Afghanistan’s pine nut exports increase by 69 percent

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Afghanistan’s pine nut exports increased by 69 percent in the first seven months of the current solar year 1405 compared with the same period last year, reaching $72 million, the Afghanistan Chamber of Commerce and Investment (ACCI) says.

According to chamber officials, the value of pine nut exports stood at $42 million during the first seven months of last year. The product has been exported to European countries, India and, particularly, China.

Meanwhile, officials at the Ministry of Industry and Commerce say they have taken steps since the beginning of the year to expand pine nut exports and identify new markets for the product.

However, some economic experts say pine nuts are among Afghanistan’s key export products and that relevant government ministries, particularly the Ministry of Industry and Commerce, should strengthen efforts to promote the product and secure access to new markets.

Afghan pine nuts are also exported to China, India, the United Arab Emirates, Saudi Arabia, Pakistan, the United States, the United Kingdom, Italy, Germany, Australia, Turkey, Austria and Kuwait.

Experts emphasize that pine nut packaging should be improved to meet the requirements and standards of different international markets in order to further increase exports.

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US sanctions and blockade measures disrupt Iran’s trade with Afghanistan and regional neighbors

The effects have also extended beyond Iran’s borders, affecting regional trade routes and cross-border commerce with neighboring countries, including Afghanistan.

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US naval blockade measures and economic sanctions against Iran are increasingly disrupting the country’s overland trade with Afghanistan and other regional neighbors, including Pakistan, Turkmenistan and Turkey, according to a US Treasury Department report cited by Axios.

The report said Washington aims to pressure Iranian officials into negotiations through economic restrictions and other measures targeting the country’s economy.

According to the Treasury Department, US sanctions and mounting economic pressure have significantly weakened Iran’s national currency, fueled inflation and disrupted commercial activities.

The effects have also extended beyond Iran’s borders, affecting regional trade routes and cross-border commerce with neighboring countries, including Afghanistan.

The developments have raised concerns over the potential economic impact on regional trade, particularly in countries that rely on commercial routes and trade links with Iran.

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Afghanistan inaugurates first phase of Kandahar cement factory

According to officials, the first phase of the factory has a daily production capacity of 1,500 metric tons of cement and is expected to generate thousands of direct and indirect jobs.

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Afghanistan has inaugurated the first phase of the Shorandam Cement Factory in Kandahar province, marking a step toward expanding domestic cement production and reducing reliance on imports.

Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, officially opened the facility on Thursday at a ceremony attended by senior officials of the Islamic Emirate.

Speaking at the ceremony, Baradar said sustainable economic development requires the effective use of domestic resources and a shift from a consumer-based economy to a production-driven one.

He stressed the need to boost local production, reduce imports, expand exports and strengthen the country’s industrial sector.

According to officials, the first phase of the factory has a daily production capacity of 1,500 metric tons of cement and is expected to generate thousands of direct and indirect jobs. Work on the second phase is also expected to begin in the future.

Hidayatullah Badri, Minister of Mines and Petroleum, said cement production had resumed in Afghanistan for the first time since the Islamic Emirate returned to power.

He added that six major cement production projects are currently underway across the country, involving a combined investment of $662 million.

According to Badri, the projects are expected to create employment opportunities for around 15,000 people and meet nearly 50 percent of Afghanistan’s domestic cement demand once completed.

Islamic Emirate spokesperson Zabihullah Mujahid also welcomed the factory’s inauguration, describing it as positive news for the country and emphasizing the importance of maintaining production quality and industrial standards.

Afghanistan currently relies heavily on imported cement to meet domestic demand. The expansion of local production is expected to reduce dependence on imports, support the construction industry and create employment opportunities.

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