Sunday, June 16, 2024

Taliban: Afghan Export Earnings to Hit $2 Billion by End of Year

Immigration News

Saqalain Eqbal
Saqalain Eqbal
Saqalain Eqbal is an Online Editor for Khaama Press. He is a Law graduate from The American University of Afghanistan (AUAF).

The Taliban government stated that in the first seven months of the current year, Afghanistan exported $1 billion and $85 million in export revenues and will reach $2 billion by the end of the year.

Afghanistan’s exports will double compared to last year, according to a statement released on Tuesday, November 8 by the Office of the Deputy Prime Minister of the Taliban administration in Economic Affairs, if the current pattern continues.

According to the Taliban’s Deputy Prime Minister for Economic Affairs, 97% of the exports to the regional countries, including Iran, Pakistan, and China, were fresh and dried fruits, vegetables, medicinal plants, and minerals.

Jawad Dabeer, the Taliban Ministry of Industry and Commerce’s Head of Information and Public Relations, also said that in the previous seven months, Afghanistan’s exports brought in over $1 billion.

According to Dabeer’s tweet from Saturday, November 6, Afghanistan has exceeded $743 million in exports to Pakistan, $207 million to India, and $23 million to Tajikistan.

The increase in Afghan exports to Pakistan was earlier noted by the US Special Inspector General for Afghanistan Reconstruction (SIGAR) in a report on Friday, November 4.

As a result of international sanctions, SIGAR said that Afghanistan has had the most trade with Pakistan, putting Pakistan at the top of the list of Afghan export destinations.

This comes as the amount of minerals extracted and exported to Pakistan has increased by around 16% since the Taliban took power.

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