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Businesses resume normal operations in Kabul amid lingering uncertainty, disruptions

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Businesses have resumed normal operations in Kabul despite the lingering uncertainties and disruptions brought by economic and humanitarian crises.

Stores, restaurants and peddlers open their businesses early in the morning. A growing numbers of vehicles and pedestrians have been seen on the street days following the Islamic Emirate of Afghanistan (IEA)'s removal of roadside blast walls and concrete barricades which had been erected across the city for years due to security concerns.

While some Kabul residents are hopeful for better lives, many store owners are still concerned about their businesses.

"The sale is not good because our business largely depends on foreigners. There used to be foreign companies and embassies in Afghanistan, but now they have left," said Naser, the owner of a wool fabric shop in Kabul.

Naser said local people's abilities to consume crafts is relatively low as most of them are still worried about food and clothing.

"The current sales volume is about half of what it used to be. I hope the business will grow better in the future as peaceful life arrives and security situation improves," said Khalid, the owner of a local lapis lazuli jewelry store.

After the IEA's takeover in mid-August, the Afghan economy has suffered from the U.S. freezing of over nine billion dollars in assets belonging to the Afghan central bank as well as a halt in funds by the World Bank and the International Monetary Fund.

In his open letter to urge the U.S. to unfreeze the assets, acting Foreign Minister Amir Khan Muttaqi said Afghans will face greater difficulties and the country will become a source of mass migration in the region and the world if there's no change in the current situation.

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Shoemaking industry in Takhar province facing stagnation

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A number of shoemakers in northern Takhar province say that while their handmade shoes are of better quality than imported shoes, but still sales are down.

According to them, there were more than 20 shoe-making shops in the past, but now some have been closed due to the decline in sales.

The shoemakers make most of their shoes from leather. A number of industrialists say that this industry is now facing stagnation.

Abdul Raqib, a shoemaking factor owner, said: “The government should support us. Currently, we import soles. It can be made with good quality in Afghanistan, and we could even compete against Turkish shoes.”

Meraj, another shoemaking factory owner, said: “Shoe sales were higher in the republic era. There were military shoes. Sales have declined now, but we still thank Allah.”

Shoemakers make these shoes with basic tools and by hand, with 5 to 8 people working in each shop.

Javed, a shoemaker, said: “Our sales are not so good. We can make any type of shoe or slipper. We want the government to support us.”

A number of Takhar residents say that domestically produced shoes are of high quality and with lower price compared to imported shoes, so people prefer domestic products to foreign products.

Mir Ata, a resident of Takhar, said: “We are very happy about domestic shoes. People should buy it. They are of good quality.”

However, the officials of Takhar Industry and Commerce Department say that they are committed to support the industrialists.

Abdul Rahman Ghaznawi, provincial director of industry and commerce, said: “People prefer domestic shoes and slippers. Takhar’s products are sold in Kunduz, Baghlan and Badakhshan as well.”

Meanwhile, industrialists say that if the government supports them, they will be able to make the best products and can be more competitive.

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Daily truck clearances at Torkham drop from 400-500 to 5-10

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Pakistan’s Sarhad Chamber of Commerce and Industry (SCCI) has said that daily truck clearances at Torkham crossing have declined from 400-500 to 5-10.

SCCI President Fazal Muqeem Khan said this at the signing ceremony of a memorandum of understanding (MoU) with the Pakistan-Afghanistan Joint Chamber of Commerce and Industry to promote bilateral trade and cooperation.

He said the volume of trade between Pakistan and Afghanistan had fallen from $3 billion to $1 billion annually.

Fazal Muqeem also highlighted the adverse impact of the 2% Infrastructure Development Cess (IDC) imposed by the Khyber-Pakhtunkhwa government on trade and transit.

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Turkish scholars, charity officials assess investment prospects in Afghanistan

Officials pledged to encourage Turkish investors to explore and capitalize on investment opportunities in Afghanistan

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Afghanistan’s Acting Minister of Energy and Water, Mullah Abdul Latif Mansoor, met with a delegation of Turkish scholars and officials from the Adif Charity Foundation on Tuesday to discuss various political, religious, and social issues.

According to the Ministry of Energy and Water, Mullah Mansoor praised Adif’s humanitarian efforts in Afghanistan and highlighted the country’s ample resources for energy production.

He emphasized that Afghanistan currently offers a favorable environment for investment in all sectors, assuring the Turkish delegation of the Islamic Emirate’s commitment to ensuring the safety and security of investors and their assets.

In response, Adif officials pledged to encourage Turkish investors to explore and capitalize on investment opportunities in Afghanistan, signaling a potential boost in economic and developmental cooperation between the two nations.

 

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