Highlights

  • Taliban's takeover of Afghanistan has put 20 years of steady economic gain at risk
  • UN: 97% of Afghanistan’s population may sink below the poverty line
  • U.S. froze international sanctions against the Taliban

Latest news

India, Russia are embarking on new journey of innovation, co-production and co-creation: PM Modi

India, Russia are embarking on new journey of innovation, co-production and co-creation: PM Modi

India is conducting independent and sovereign policy under leadership of PM Modi,  achieving very good results: President Putin

India is conducting independent and sovereign policy under leadership of PM Modi, achieving very good results: President Putin

Indian businesses can replace void left by Western companies in Russia, says Roscongress CEO Stuglev

Indian businesses can replace void left by Western companies in Russia, says Roscongress CEO Stuglev

Regulator DGCA eases flight duty norms for pilots amid IndiGo crisis

Regulator DGCA eases flight duty norms for pilots amid IndiGo crisis

Dalai Lama launches 'Forest Resources in India' focused on climate, conservation and community

Dalai Lama launches 'Forest Resources in India' focused on climate, conservation and community

RBI raises FY26 GDP growth projection to 7.3 pc

RBI raises FY26 GDP growth projection to 7.3 pc

AAP to hold farmers’ Mahapanchayat in Gujarat's Amreli on December 7 amid crop loss crisis

AAP to hold farmers’ Mahapanchayat in Gujarat's Amreli on December 7 amid crop loss crisis

OnePlus marks 12 years in India with a new six-star lineup for the 15R reveal

OnePlus marks 12 years in India with a new six-star lineup for the 15R reveal

UN: 97% of Afghanistan’s population may sink below poverty line

About 97 percent of Afghanistan’s population may sink below the poverty line unless the country’s political and economic crises are addressed, the United Nations has warned.

UN: 97% of Afghanistan’s population may sink below poverty line

Usually this time of year all the bricks at the factory just outside Kabul would have been sold.

Now they have more than 2 million bricks left over, unsold.

When the Taliban swept into power, they found Afghanistan's economy fast approaching the brink and were faced with harrowing predictions of growing poverty and hunger.

With drought ongoing, the United Nations predicts 95% of the population will go hungry and as much as 97% of Afghanistan risks sinking below the poverty line.

The Taliban, a movement born out of the rural clergy, struggled to grasp the extent of the transformation.

At a local money exchange market in Kabul, people wait from the early morning to collect money sent from relatives and friends overseas.

But every person is only allowed to receive $200 US dollars per week, with a days-long waiting list.

The United States froze billions in dollar reserves in line with international sanctions against the Taliban, eroding the liquidity of both the central bank and commercial banks and constraining their ability to make international transactions.

This has undermined international trade, a mainstay of the Afghan economy.

ADVERTISEMENT

Up Next

UN: 97% of Afghanistan’s population may sink below poverty line

UN: 97% of Afghanistan’s population may sink below poverty line

India abstains from UNGA resolution demanding return of Ukrainian children from Russia

India abstains from UNGA resolution demanding return of Ukrainian children from Russia

India rushes Bailey bridge, water units to Sri Lanka; shares digital disaster-response toolkit

India rushes Bailey bridge, water units to Sri Lanka; shares digital disaster-response toolkit

Trump admin orders H-1B, H-4 visa applicants to make social media profiles public

Trump admin orders H-1B, H-4 visa applicants to make social media profiles public

Trump says Putin wants to end war, US to hold new talks with Ukraine

Trump says Putin wants to end war, US to hold new talks with Ukraine

Doctor who sold ketamine to 'Friends' star Matthew Perry gets 2.5 years in prison

Doctor who sold ketamine to 'Friends' star Matthew Perry gets 2.5 years in prison

ADVERTISEMENT

editorji-whatsApp

More videos

Pakistan to hold PIA bidding on December 23 under IMF bailout conditions

Pakistan to hold PIA bidding on December 23 under IMF bailout conditions

Deadly floods in Indonesia, Sri Lanka, Thailand, Malaysia kill more than 1,400 people

Deadly floods in Indonesia, Sri Lanka, Thailand, Malaysia kill more than 1,400 people

Trump administration halts immigration applications for migrants from 19 travel-ban nations

Trump administration halts immigration applications for migrants from 19 travel-ban nations

US, Russia find 'no compromise' on key territory issue after Ukraine talks

US, Russia find 'no compromise' on key territory issue after Ukraine talks

Trump deserves credit for 'very dangerous' peace deals like India-Pakistan: US Secretary of State Rubio

Trump deserves credit for 'very dangerous' peace deals like India-Pakistan: US Secretary of State Rubio

India sends mobile field hospital, over 70 medical personnel to cyclone-hit Sri Lanka

India sends mobile field hospital, over 70 medical personnel to cyclone-hit Sri Lanka

Malaysia says search for long-missing flight MH370 to resume

Malaysia says search for long-missing flight MH370 to resume

Imran Khan alleges 'threat to life' in Adiala Jail, claims death‑row‑like conditions

Imran Khan alleges 'threat to life' in Adiala Jail, claims death‑row‑like conditions

Trump repeats claim of ending India, Pak conflict, says should win Nobel Prize

Trump repeats claim of ending India, Pak conflict, says should win Nobel Prize

'We value our ties with India': Russia ratifies RELOS pact ahead of Putin’s New Delhi visit

'We value our ties with India': Russia ratifies RELOS pact ahead of Putin’s New Delhi visit

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.