Stock Market News

Taliban will attract foreign investment in Afghanistan

2023.01.02 04:48

 



Taliban will attract foreign investment in Afghanistan

Budrigannews.com – The acting commerce minister stated that the Taliban administration will promote self-sufficiency and want international trade and investment, as Afghanistan faces isolation and the suspension of some humanitarian operations due to restrictions on women.

According to Haji Nooruddin Azizi, who spoke with Reuters, “We will start a national self-sufficiency program, we will encourage all government administrations to use domestic products, and we will also try to encourage people to support our domestic products through mosques.” We will back anything that will help us become self-sufficient.

He stated that increasing trade and foreign investment was an additional component of their strategy.

He stated, “Those who were importing items to Afghanistan from abroad, they are asking us to provide opportunities for investing in Afghanistan, and they want to invest here rather than importing from abroad.”

He stated that trade and investment were of interest to Russia, China, and Iran. He stated that China’s industrial parks and thermal power plants were among the projects under discussion, with Russia and Iran participating.

Investors are confronted with increasing security concerns following attacks on foreign targets in Kabul, claimed by the Islamic State, as well as sanctions that hinder the country’s banking sector. Investors are already facing a lack of formal recognition and sanctions.

A prominent member of the Chinese business community has stated that the recent attack on a hotel that caters to Chinese businessmen, which severely injured several foreigners, may cause some to reconsider investing.

Azizi stated that security was being worked on by authorities.

“We make every effort to protect our businessmen from harm. The assault hasn’t had any awful effect, (however) on the off chance that it happened continually, yes it could have terrible effect,” he expressed, alluding to the speculation climate.

Azizi proposed creating special economic zones on land that had been used for U.S. military bases in order to boost industry. He stated that the plan was being presented to the cabinet and economic commission of the administration by his ministry.

He went on to say that foreign investors were interested in Afghanistan’s mining industry, which is worth more than $1 trillion. He stated that 40 companies participated in an auction for an iron mine in western Herat and a lead mine in central Ghor province, and that the results would soon be released.

He stated that Afghanistan would receive the commodities in the coming days as a result of a significant contract that was signed with Russia in September for the supply of gas, oil, and wheat.

Due to recent policies that prevent women from participating in public life, including attending university, the administration led by the Taliban is experiencing an increase in its isolation.

The humanitarian sector, which is providing urgent assistance to millions of people, has been thrown into disarray as a result of an order prohibiting female NGO workers. Some organizations have ceased operations in the middle of the harsh winter.

Although his ministry has allocated 5 acres of land for a permanent exhibition center and hub for women-led businesses, Azizi did not discuss the new restrictions.

More European stocks rose in subdued trading

Taliban will attract foreign investment in Afghanistan

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 97,683.17 1.23%
ethereum
Ethereum (ETH) $ 3,403.91 2.59%
tether
Tether (USDT) $ 1.00 0.08%
solana
Solana (SOL) $ 254.78 0.49%
bnb
BNB (BNB) $ 654.60 3.95%
xrp
XRP (XRP) $ 1.48 0.62%
dogecoin
Dogecoin (DOGE) $ 0.433219 4.57%
usd-coin
USDC (USDC) $ 0.999623 0.09%
cardano
Cardano (ADA) $ 1.08 5.35%
staked-ether
Lido Staked Ether (STETH) $ 3,400.53 2.57%
tron
TRON (TRX) $ 0.212227 3.75%
avalanche-2
Avalanche (AVAX) $ 41.66 0.88%
the-open-network
Toncoin (TON) $ 6.43 19.09%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 2.83%
stellar
Stellar (XLM) $ 0.502476 44.56%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,038.83 3.41%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,537.13 1.04%
polkadot
Polkadot (DOT) $ 8.59 32.67%
chainlink
Chainlink (LINK) $ 17.55 10.10%
bitcoin-cash
Bitcoin Cash (BCH) $ 506.22 3.64%
weth
WETH (WETH) $ 3,406.88 2.69%
sui
Sui (SUI) $ 3.45 0.98%
pepe
Pepe (PEPE) $ 0.000021 1.31%
leo-token
LEO Token (LEO) $ 8.63 2.51%
near
NEAR Protocol (NEAR) $ 6.19 4.45%
litecoin
Litecoin (LTC) $ 98.85 8.36%
aptos
Aptos (APT) $ 12.75 4.06%
uniswap
Uniswap (UNI) $ 10.70 12.76%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,585.27 2.65%
hedera-hashgraph
Hedera (HBAR) $ 0.153781 1.87%
crypto-com-chain
Cronos (CRO) $ 0.201333 5.03%
internet-computer
Internet Computer (ICP) $ 11.43 5.42%
usds
USDS (USDS) $ 0.998702 0.52%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.567538 17.27%
ethereum-classic
Ethereum Classic (ETC) $ 29.64 4.79%
render-token
Render (RENDER) $ 7.70 4.24%
bittensor
Bittensor (TAO) $ 530.66 6.29%
kaspa
Kaspa (KAS) $ 0.152742 0.70%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.12%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.43 13.82%
bonk
Bonk (BONK) $ 0.000048 2.13%
whitebit
WhiteBIT Coin (WBT) $ 24.73 0.22%
arbitrum
Arbitrum (ARB) $ 0.859232 8.23%
dai
Dai (DAI) $ 0.999201 0.16%
vechain
VeChain (VET) $ 0.04187 19.07%
mantra-dao
MANTRA (OM) $ 3.68 5.50%
filecoin
Filecoin (FIL) $ 5.48 14.29%
dogwifcoin
dogwifhat (WIF) $ 3.29 3.78%
cosmos
Cosmos Hub (ATOM) $ 8.23 11.31%
blockstack
Stacks (STX) $ 2.06 5.06%