Connect with us

Business

Cash-strapped government puts new projects on hold

Published

on

Afghanistan’s Ministry of Finance (MoF) has informed all government departments they need to cut back on budget spend, including that on planned development projects.

In an official notice to all government institutions, MoF has ordered them to stop projects where contracts have recently been signed, and which employ contract workers.

All planned development projects have also been put on hold.

The MoF said that due to the increase in spend for the Afghan National Defense and Security Forces (ANDSF), the increase in health spend and a drop in government income, all government departments need to cut expenditure.

“After the assessment of the development and general budgets by the cabinet, changes have been brought to the ministries and all government budgets because of the increase in ANDSF and health spending. Contracts from the… budget should be halted or suspended,” read the notice.

The MoF said that the government has lost $33 million in customs revenue since the Taliban seized five border crossings in the past month, amid rising violence in the country.

“Sher Khan port in Kunduz, Spin Boldak in Kandahar, Islam Qala in Herat, Abu Nasr Farahi in Farah and Torghundi in Herat have been captured by Taliban in the past month,“said Rafi Tabi, spokesman for the MoF.

Analysts have said the government should consider other steps to cut back on budget spend.

“In this situation, we can’t blame government, but it (government) should consider other options to prevent confusing the public,” said Sayed Massoud, a university lecturer.

This comes after the projected revenue generation for Afghanistan was expected to be 216 billion AFN ($2.7 billion) for the current solar year.

The total 452.6 billion AFN budget for this year did however carry a 37 billion AFN deficit – which government was to provide 20 billion AFN from internal resources and 17 billion AFN was pledged by the International Monetary Fund (IMF) in order to make up the difference.

Business

CASA-1000 power project on track to launch in 2027

Once operational, CASA-1000 is expected to strengthen regional energy security, support economic integration, and expand electricity trade across Central and South Asia.

Published

on

The long-delayed CASA-1000 energy project is expected to begin commercial operations in summer 2027, with construction in Afghanistan due for completion earlier that year, officials said.

Progress on the power project was reviewed during meetings in Dushanbe between April 18 and 20, involving Tajik authorities, Afghanistan’s state power utility Da Afghanistan Breshna Sherkat, the World Bank, and engineering firm KAMANI Engineering Corporation.

Tajik Energy Minister Daler Juma said the project is key to boosting regional cooperation and enabling the export of surplus hydropower from Central Asia to energy-deficient markets in South Asia.

Construction has already been completed in Kyrgyzstan, Tajikistan and Pakistan, while work continues in Afghanistan. According to officials, the Afghan segment is on track to be finalized by spring 2027, paving the way for full project operations later that summer.

Once operational, CASA-1000 is expected to strengthen regional energy security, support economic integration, and expand electricity trade across Central and South Asia.

Continue Reading

Business

Afghanistan, Uzbekistan and Kyrgyzstan agree on framework to boost trade and transit

Officials said the talks focused on easing the movement of goods, particularly Afghan export products destined for Uzbekistan and Kyrgyzstan.

Published

on

Afghanistan, Uzbekistan and Kyrgyzstan have agreed to strengthen regional trade and transit cooperation following a high-level trilateral meeting held in Tashkent on the sidelines of the INNOPROM Central Asia expo.

Afghanistan’s Minister of Industry and Commerce Nuruddin Azizi met with Laziz Kudratov, Uzbekistan’s Minister of Investment, Industry and Trade, and Sanzhar Iskenderovich Asylkulov, Deputy Minister of Economy and Commerce of Kyrgyzstan, to discuss measures aimed at facilitating transit procedures, increasing trade volumes and expanding Afghan exports to Central Asian markets.

Officials said the talks focused on easing the movement of goods, particularly Afghan export products destined for Uzbekistan and Kyrgyzstan.

At the conclusion of the meeting, the three sides agreed to establish a joint working group to oversee implementation of the proposed initiatives. They also reached agreement on Afghanistan’s membership in the exhibition platform.

The event brings together participants from across Central Asia, as well as Russia and Belarus, providing a platform for industrial cooperation and investment.

Officials say Afghanistan’s participation is expected to open new opportunities for local industries to showcase products and strengthen their presence in regional markets, while the agreement marks a step toward deeper economic integration and improved regional connectivity.

Continue Reading

Business

Afghanistan showcases industry at key Central Asia expo

The exhibition brings together government officials, investors and manufacturers from across Central Asia and beyond, including participants from Russia, Belarus, Kazakhstan, Kyrgyzstan and Tajikistan.

Published

on

Afghanistan is making a notable showing at the INNOPROM Central Asia, one of the region’s largest industrial platforms, as Minister of Industry and Commerce Nuruddin Azizi travels to Uzbekistan to attend the event.

The exhibition brings together government officials, investors and manufacturers from across Central Asia and beyond, including participants from Russia, Belarus, Kazakhstan, Kyrgyzstan and Tajikistan.

It is aimed at promoting industrial development, showcasing advanced technologies and expanding regional investment cooperation.

According to Afghanistan’s Ministry of Industry and Commerce, more than 60 Afghan companies are taking part, representing sectors such as cotton, coal, pharmaceuticals and agricultural products.

Officials say the participation highlights efforts to strengthen trade ties and position Afghanistan as a growing economic partner in the region.

INNOPROM Central Asia is widely regarded as a key platform for fostering industrial collaboration and unlocking new investment opportunities across Central Asia.

Continue Reading
Advertisement
Advertisement
Advertisement
Advertisement

Trending

Copyright © 2025 Ariana News. All rights reserved!