NEW DELHI: The Taliban regime in Afghanistan is preparing to transform former foreign military bases into special economic zones to promote economic activities.Acting deputy prime minister for financial affairs Mullah Abdul Ghani Baradar stated on Sunday that the ministry of market and commerce will take control of the military bases of foreign forces with the intention of converting them into unique financial zones .

Under a pilot strategy, foreign military bases in the capital Kabul and in northern Balkh province will be transformed into economic zones, according to a report by Reuters.In December last year, the acting commerce minister had actually stated he was dealing with a plan for previous American and Nato military bases.Afghanistans economy has been having a hard time since the Taliban took over in 2021 as foreign troops withdrew after 20 years of war.Aid firms have actually alerted there is an impending humanitarian crisis as the takeover sparked a cut in advancement funding, freezing of foreign-held reserve bank possessions and sanctions on the banking sector.The Taliban administrations decision to curtail the rights of women has even more isolated the nation from the worldwide stage.

Its move to bar ladies from operating in NGOs exacerbated the issue as most aid agencies suspended operations in the crisis-hit nation.The Taliban have actually stated they are concentrated on increasing financial self-sufficiency through trade and investment.

Some foreign financiers, nevertheless, have expressed issues over a series of attacks, consisting of at a hotel popular with Chinese business owners, claimed by the Islamic State.The World Bank though has noted that exports increased and the Taliban administration handled to keep revenues mainly stable in 2022.(With inputs from firms)