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MoCI seeks to encourage investment in Afghanistan

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(Last Updated On: October 25, 2022)

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The Ministry of Commerce and Industry (MoCI) says that besides supporting domestic products, the ministry is trying to encourage internal and foreign investors for investment in the country.

Boosting foreign and domestic investment is considered as a key factor for developing the Afghan fragile economy.

The National Unity Government (NUG) officials stress that encouraging and facilitating investments is a top priority for the government to help grow the country’s economy.

MoCI officials plan to visit all Afghan companies for supporting the domestic products and cooperate to solve their problems in a possible level.

“Government continues supporting domestic products, but cannot give loans,” Mosafer Qoqandi, spokesman of MoCI said.

A number of Afghan businesswomen said that with the formation of the National Unity government unemployment have increased and many women have lost their jobs in different sectors.

The Afghan government needs to take dedicated measures for promoting domestic products and improve Afghanistan’s exports.

The key for this is dedicated plans by the NUG to boost investment in the country and support the private sector.

Improved environment for investment and enabling conditions for doing business will help Afghanistan to reach to the objective of economic self-sufficiency and prosperity.

In order to spur economic growth, all major economic and trade agencies need to work hard to reverse the recent economic and trade decline in the country.

The government will only be able to spur investments and improve the economy only if it serious in creating an enabling environment for business and secure conditions for investments.

 

 

 

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UN envoy meets Indian foreign minister to discuss Afghanistan

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(Last Updated On: April 19, 2024)

Roza Otunbayeva, the UN Secretary General’s Special Representative for Afghanistan, met with the Indian Foreign Minister Subrahmanyam Jaishankar in New Delhi and discussed issues related to Afghanistan, it was announced on Thursday.

During the meeting, Otunbayeva thanked India for “its critical humanitarian support and longstanding friendship for the Afghan people” and discussed the importance of regional and international cooperation to address prevailing challenges in Afghanistan, UNAMA said on X.

Jaishankar also said on X that the sides exchanged views on the current situation in Afghanistan.

“Underlined that India has provided wheat, medicines, pesticides and school supplies. Appreciate the role of UN agencies as partners in these endeavors,” he said.

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Traffic accident leaves one dead, four injured in Herat

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(Last Updated On: April 19, 2024)

Local officials in Herat say one person was killed and four others injured due to a traffic accident in Karukh district of the province.

The accident took place on Thursday night at 8:pm.

The injured individuals have been taken to Herat’s regional hospital by the personnel of Karukh district police headquarters, local officials said.

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250,000 Afghan children need homes, food, education after returning from Pakistan

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(Last Updated On: April 19, 2024)

In the wake of an announcement by Pakistan that it intends to start Phase Two of deportations of Afghans, Save the Children said Thursday that almost a quarter of a million Afghan children need proper homes, food, and access to education after returning from Pakistan in the past seven months.

In a statement issued by the organization, Save the Children said more than 520,000 Afghans have returned from Pakistan since September last year, after Pakistan said all undocumented foreigners must leave the country voluntarily or face deportation.

Nearly half of all the returnees are children.

A survey by Save the Children of families who have returned to Afghanistan – and the communities who are hosting them – found that nearly all (99%) do not have enough food for the next one to two months.

About three-quarters of returnees and families in host communities reduced portion sizes or restricted the food consumption of adults so small children could eat.

About 40% of returnees and host families surveyed had to borrow food or rely on friends and relatives for at least three days a week – with 13% of returnees and 9% of host families saying they had to get food from others every day.

Almost 8 million children in Afghanistan – or one in three – are facing crisis levels of hunger.

Nearly one in six families live in tents, according to the survey, with most returnees having little or no means to support themselves.

Only a third had managed to bring assets back with them from Pakistan.

Nearly half (47%) said there were no jobs available in Afghanistan, with 81% saying that they do not have any skills that could lead to employment.

Almost two thirds (65%) of children who have returned to Afghanistan have not been enrolled in school. The majority (85%) told Save the Children that they don’t have the necessary documents to register and enroll in school.

In Pakistan, more than two thirds of these children had been attending school.

Arshad Malik, Country Director for Save the Children in Afghanistan, said: “Families are returning to Afghanistan with virtually nothing. Most are relying on relatives or friends to support them – and these communities already have little to support themselves.

“The return of so many people is creating an additional strain on already overstretched resources. Children need support and stability. Many undocumented Afghan children were born in Pakistan – Afghanistan is not the place they call home,” he said.

He added that in addition to the returns from Pakistan, 600,000 Afghans arrived from Iran last year. Also, “families have been forced from their homes by multiple disasters, including the series of earthquakes in Herat and the ongoing drought. Afghanistan is also now home to the second largest number of internally displaced people in the world – or roughly 1 in 7 people,” Malik said.

According to him, Afghanistan not only needs urgent funding from international donors and governments – but also needs long term, community-based solutions to help all displaced Afghans rebuild their lives.

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