The Kabul times, Afghanistan Trustable News Agency.

Economic self-sufficiency of Islamic Emirate: A strategic imperative

By: Hashmat Nasiri

In the wake of significant geopolitical shifts and the establishment of the Islamic Emirate, there has been growing interest in its economic viability and self-sufficiency. This article explores the economic landscape of the Islamic Emirate and its strategies for achieving self-reliance amidst various challenges. The Islamic Emirate inherits a complex economic environment characterized by decades of conflict, international sanctions, and a reliance on foreign aid. During the past two decades, Afghanistan’s economy was heavily dependent on foreign aid. However, with the withdrawal of international forces and the collapse of the previous government, the Islamic Emirate faces the urgent task of revitalizing its economy. The Islamic Emirate recognizes the need to diversify its economy, and efforts are underway to promote sectors such as mining, agriculture, manufacturing, and services to reduce reliance on traditional sources of income. The Islamic Emirate is implementing prudent fiscal policies aimed at enhancing revenue generation and expenditure management. Efforts include rationalizing public spending, reforming taxation systems, and combating corruption to ensure fiscal sustainability. Building robust infrastructure is essential for economic development. The Islamic Emirate is prioritizing investments in roads, energy, telecommunications, and water resources to improve connectivity and facilitate trade, and stimulate economic activities across the country. Stabilizing the currency and controlling inflations are paramount for economic stability. The Emirate is working towards strengthening its central bank, regulating the banking sector, and adopting sound monetary policies to maintain price stability and promote investor confidence. The Islamic Emirate is encouraging domestic production to reduce dependency on imports. Policies such as tax incentives, subsidies, and trade facilitation measures are being implemented to support local industries and entrepreneurs. Afghanistan is rich in natural resources such as minerals, natural gas, and hydroelectric potential. The Emirate aims to harness these resources sustainably to generate revenue and create employment opportunities for its citizens. The Islamic Emirate is exploring opportunities for regional economic cooperation to enhance trade and investment flows. Initiatives such as participating in regional trade agreements and fostering diplomatic relations with neighboring countries are being pursued to integrate Afghanistan into the wider economic landscape. The Islamic Emirate’s diplomatic recognition and engagement with the international community are vital for accessing aid, investment, and trade opportunities. The Emirate is engaging in dialogue, diplomacy, and confidence-building measures to gain international acceptance and support for its economic agenda. Embracing globalization while safeguarding national interests is crucial. The Emirate seeks to attract foreign investment through transparent regulations, investment incentives, and trade liberalization measures while safeguarding domestic industries and preserving cultural values. Addressing poverty, unemployment, and social inequality is integral to fostering inclusive growth. The Emirate is committed to providing social safety nets, promoting education and healthcare, and empowering marginalized communities to ensure equitable distribution of economic benefits. Investing in education, skills training, and healthcare is critical for nurturing human capital and fostering innovation and productivity. The Emirate is focusing on education reform, vocational training programs, and healthcare initiatives to empower its workforce and enhance its competitiveness in the global economy. Promoting sustainable development and environmental conservation is imperative for long-term economic resilience. The Emirate is implementing environmental regulations, promoting renewable energy sources, and adopting ecofriendly practices to mitigate climate change risks and preserve natural resources for future generations. The Islamic Emirate’s journey towards economic selfsufficiency is fraught with challenges, yet it is marked by resilience, determination, and strategic vision. By implementing prudent economic reforms, fostering social welfare, developing infrastructure, addressing concerns, engaging diplomatically, investing in human capital, and promoting environmental sustainability, the Emirate aims to build a prosperous and resilient economy that serves the interests of its citizens and contributes to regional stability and prosperity

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The Kabul times, Afghanistan Trustable News Agency.