Business
Hundreds of factories face uncertain future amid ongoing economic crisis
Afghan businessmen on Thursday warned that hundreds of factories will be forced to close down if the US and the international community continue to impose economic sanctions against Afghanistan.
These sanctions include the freezing of over $9 billion in foreign reserves, by the US Treasury and the International Monetary Fund (IMF), four months ago.
Businessmen said their biggest problem is their inability to buy raw materials.
“We can’t tolerate the situation; the world is being cruel to Afghans. We will lodge complaints to the UN for our rights to be upheld,” said Sherbaz Kaminzada, head of the Chamber of Mines and Industries.
Businessmen also said that of the $9 billion in frozen foreign reserves, $2,5 billion of that is private sector money. They also blamed the international community for the current crisis in Afghanistan.
“We and the people of Afghanistan know who created problems, and want them to resolve the problems themselves,” said Sakhi Ahmad Paiman, deputy head of the Chamber of Mines and Industries.
Officials from logistics companies said that national and international organizations owe the sector billions of dollars.
“We served Afghanistan and provided services, our payments are outstanding because foreign reserves have been frozen. We hope that the money will be released soon,” said one logistics company employee, Mohammad Baz Ghairat.
Islamic Emirate of Afghanistan (IEA) officials said the international community is to blame for the economic crisis in the country.
“We called on the international community many times, but they have blocked Afghanistan’s assets; Afghans need it now,” said Inamullah Samangani, deputy spokesman for the IEA, adding that they are being blamed for something the US created.
Economic analysts on the other hand said that the US should release Afghanistan’s assets and provide opportunities for Afghan businessmen.
“We see problems growing day by day, the international community is the cause of this. They imposed sanctions against Afghanistan’s economic mechanism; they are responsible,” said Sayed Azim Mangal, an analyst.
Businessmen said if the sanctions are not lifted soon, they will appeal to the international courts to resolve the problem.
Business
Transit of Afghan goods through Sheikh Abu Nasr Farahi border crossing doubles
The transit of Afghan traders’ goods through the Sheikh Abu Nasr Farahi border crossing doubled in the first six months of the solar year 1405, reaching 805,000 tonnes, according to Iranian media.
Iran’s IRNA news agency quoted Mohammad Kuhgard, Director General of Customs in Iran’s South Khorasan Province, as saying transit volumes increased by 100 percent compared with the same period last year, strengthening the crossing’s role in regional trade.
Kuhgard also reported a sharp rise in goods handled under the “transit from origin” procedure at Mahirud Customs. Some 85,000 tonnes of goods passed through the facility during the period, an increase of more than 1,300 percent year-on-year.
Under this procedure, customs formalities for Afghan traders’ goods are completed at Mahirud before the shipments are transported to their intended destination countries.
Kuhgard said more than 65 kilometres of the road connecting Mahirud in Iran to Farah Province in Afghanistan have been asphalted. Completion of the route could help reduce transit times and transportation costs between the two countries.
The head of Iran’s Birjand Chamber of Commerce described Afghanistan as South Khorasan’s main export market and trading partner, saying stronger commercial ties, easier imports and the removal of customs barriers could further expand bilateral trade.
Business
Iran calls for extending Herat railway to Uzbekistan border
Meanwhile, Afghanistan’s Ministry of Public Works said the country has significant potential to serve as a regional connectivity hub.
Iran’s Minister of Roads and Urban Development, Farzana Sadeq, has called for extending Afghanistan’s railway network from Herat to the Termez border area in Uzbekistan to strengthen regional trade and transport links.
Farzana made the proposal during a specialised meeting on the Trans-Afghan Corridor in Astana, Kazakhstan, saying Iran is exploring ways to expand railway connectivity with Afghanistan and Uzbekistan.
She said the proposed route could create new opportunities for freight transportation and improve regional countries’ access to open waters. She added that the railway connection should eventually link with the wider railway networks of Central Asia and China.
The Iranian minister also proposed that countries along the Iran–Afghanistan–Tajikistan–Kyrgyzstan–China corridor hold a meeting under the Economic Cooperation Organization (ECO) to identify practical mechanisms for implementing the plan.
Referring to the Chabahar transit agreement between Iran, Afghanistan and India, Farzana said the port has the potential to facilitate the movement of goods from Afghanistan and Central Asian countries to international markets.
She also identified potential railway connections linking Afghanistan with Türkiye and Europe through Sarakhs and Razi, as well as access to the Caucasus and the Black Sea through Sarakhs and Jolfa, as projects worth pursuing within the regional transport network.
Meanwhile, Afghanistan’s Ministry of Public Works said the country has significant potential to serve as a regional connectivity hub. The ministry said Afghanistan welcomes investment from all countries, including Iran, in railway development and transit infrastructure and is ready to cooperate on such projects.
Transport ministers from Iran, Uzbekistan, Pakistan and Kazakhstan, along with the head of the Islamic Emirate of Afghanistan’s railway authority, attended the Trans-Afghan Corridor meeting in Astana.
Business
Dogharoun border handling 70% of Iran’s exports to Afghanistan
Dogharoun also accounted for 34 percent of the province’s imports and 20 percent of inbound transit goods from Afghanistan to Iran during the same period.
Mohsen Rokni, head of the Dogharoun border terminal, says the crossing accounted for 70 percent of Iran’s exports to Afghanistan during the first half of the current solar year, making it the leading export gateway among border crossings in Iran’s Razavi Khorasan Province.
According to Rokni, Dogharoun also accounted for 34 percent of the province’s imports and 20 percent of inbound transit goods from Afghanistan to Iran during the same period.
He said major Iranian exports through the crossing include construction materials, steel products, food items, fruits and vegetables, and petroleum products.
Located near the Iranian city of Taybad along the Afghan border, Dogharoun remains a key trade and transit route between the two countries.
-
Sport4 days agoAfghanistan reach Brazil futsal tournament final after beating Cape Verde 4-2
-
Regional5 days agoTrump says US may strike Iran’s ‘Pickaxe Mountain’ nuclear facility
-
World3 days agoViolent protests spread across Europe as Albanian PM blames ‘foreign hand’
-
Latest News5 days agoAfghanistan’s hunger crisis deepens as 16 million face food insecurity ahead of winter
-
Sport3 days agoAfghanistan finish runners-up after 6-0 defeat to Brazil in futsal final
-
Latest News4 days agoHegseth says only a few NATO allies were involved in fighting in Afghanistan
-
World4 days agoFrance rocked by nationwide clashes, looting and fires
-
Tahawol4 days agoTahawol: Russian economic delegation’s visit to Kabul
