The Taliban may be able to manufacture conventional ammunition, however optimizing and development of sophisticated types requires a level of industrial sophistication not available to them.
its not a matter of casting a shell casing and bullet heads mixing and refining of powder and primer. Development of advanced powders, high pressure casings, high density cores and advanced aerodynamics.
Germany, the UK, The US, the PRC the RF, France, Australia, Austria, Belgium, Switzerland, South Korea, Taiwan, South Africa, Turkey, Saudia Arabia, Poland, Canada a few south American nations, and maybe Iran, have the capital and capacity for such a development. But the primitive work shops of the Khyber pass are not up to it.
protection against against some 7.62 threats is real today, and the protection envelope continues to expand, but before we even think about a fifty cal we have to move up the .30 caliber family. Right now we can protect against most 7.62x39mm, some 7.62x51mm, and some 7.62x54mm. That leaves openings for any number of combat rounds still, particularly hotter loads and more specialized calibers like .300WM and .338 magnums. Additionally the protection offered has gaps that mean even with "full coverage" body armor only can protect so much. As was true for our ancestor so to is true for us. Combat soldiers need to not only be protected but also move, and movements mean weak points. Openings around locations like the under arm, elbows, knees, ecta..
in my opinion the next evolution in body armor involves combinations of hard armor, soft flexible armor and non-Newton materials tailored ergonomically to offer maximum mobility and critical protection for vitals. But also designed to be configured to meet only the mission needs.
for example a sniper does not need full body protection, nor would he want it. A artillerymen hardly needs the same level of protection a Vehicle MG gunner would. Paratroopers don't want to be heavyweight infantry, and Marines making a amphibious assault want to be able to swim away from a sinking transport. A combat diver would need different armor from a MP well a soldier on patrol inside the wire is not needed the same as one in Indian country
Building armor that can protect against heavy threats like the 12.7x108mm Round would require a whole new technology base. Smart powered materials. actual synthetic muscle like materials that protect not just the vitals but the whole body. Nano technology stuff.