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Insecurity Halts 100 Projects Across the Country



(Last Updated On: February 9, 2019)

The Ministry of Rural Rehabilitation and Development (MRRD) says insecurity has affected development projects across the country and that among 6,000 projects 100 of them have not even begun.  

Isa Qudrat, the Deputy Minister of Rural Rehabilitation and Development said that efforts are underway to consult with the people who have challenged the projects and resolve the issue.

The Ministry, however, said that currently, 6,000 development projects were being implemented; among them, more than 100 projects have been completed which could serve seven million people in the country.

“The leadership of Rural Rehabilitation and Development Ministry make efforts to pave the ground for economic growth, develop the rural areas and reduce the level of unemployment and hunger in the country,” said Mujib-ur-Rahman Karimi, the Minister of  Rural Rehabilitation and Development.

MRRD also said that the ministry has spent 97 percent of its development budget this year which through it has provided 3.6 million working days to 100 thousand workers in the country.


Export of Afghanistan’s talc resumes: Industrial Association



(Last Updated On: November 29, 2021)

Afghanistan Industrial Association said Monday that Kabul recently exported 500 tons of talc powder to a number of countries including China, Spain and the UK.

Abdul Jabbar Safi, the head of the association, said: “Afghanistan has recently exported talc to Pakistan, Turkey, India, China, Spain, and the UK. Exports have resumed and we want to expand our exports.”

The association meanwhile also called for the Islamic Emirate of Afghanistan (IEA) to focus on the mining sector and provide facilities for the extraction of minerals in order to boost investment.

They also called on government to establish new policies around mining, also to boost investment in the sector.

Safi meanwhile said that since the mid-August takeover by the IEA, “illegal extractions of mines, as well as smuggling, have been prevented.”

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TAPI project suspended in Afghanistan until situation ‘stabilizes’



(Last Updated On: November 27, 2021)

The implementation of the TAPI (Turkmenistan – Afghanistan – Pakistan – India) project has been suspended until the situation in Afghanistan stabilizes, Pakistan’s Federal Minister for Economic Affairs Omar Ayub Khan told Russia’s TASS news agency this week.

“The work on the TAPI, as well as on other projects like CASA-1000 (power transmission system project), is on hold due to the situation in Afghanistan.

“According to the information that we have, at the moment no one is working on this project in Afghanistan as well as on other projects. Many people have been evacuated, and representatives of the World Bank are no longer represented in Afghanistan,” Khan told TASS.

“After stabilizing the situation, we will be able to return to the issue of construction. But for now, the project has been suspended until the situation is cleared up,” he added.

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Afghani falls to record low amid pressing currency shortage



(Last Updated On: November 26, 2021)

Economists are warning of an acute currency shortage in Afghanistan and the subsequent economic predicament as the Afghani has plummeted to its record low in trading.

The United Nations Development Programme (UNDP) issued a report earlier this week urging prompt actions to prevent the Afghan banking system from collapsing, which is now “in disarray” featuring inadequate liquidity and decreased deposits.

The largest currency exchange market in Kabul now has been crowded with people and the Afghani has dropped to its all-time low.

Before the Islamic Emirate of Afghanistan (IEA)’s takeover of Kabul in mid-August, one U.S. dollar was equal to about 70 Afghanis. But now the exchange rate hovers around 90 Afghanis to the dollar. The continued depreciation of the Afghan currency sparked fears among residents, with many flocking to the exchange market.

“Unfortunately in these two weeks the Afghan currency has been dropping down against foreign currencies with one dollar costing 95.5 Afghanis last week. Then the Afghanistan Bank released a statement that they will put 10 million U.S. dollars into the market, more than the 2.5 million dollars they actually took out. However, the price [of the U.S. dollar] didn’t go down but unfortunately have increased day by day,” said Zirak, spokesman from the all money dealers of Afghanistan.

Zirak said the country’s currency shortage was fueled by the combination of its assets frozen by the United States, the increasing domestic demand for U.S. dollars, as well as banks’ restrictions on dollar withdrawal.

The UNDP report noticed that non-performing loans in Afghanistan had increased from around 30 percent at the end of 2020 to 57 percent in September this year.

With the current trend and withdrawal restrictions, approximately 40 percent of the country’s deposit base will be lost by the end of 2021, said the report.

The currency shortage also comes along with rising prices. Some residents and businessmen in Kabul said that the prices of major commodities, such as food and fuel, have almost doubled compared with last year.

A Kabul resident is calling for the U.S. to release the frozen assets to save people’s lives.

“The U.S. blocked the money of Afghanistan, leading to the economic downturn. The poverty rate has reached its peak and people will die, so we urge the U.S. to release money of Afghanistan because [if not,] sure the people will die,” said Mustafa Bahram.


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