Business
Locusts attack along India-Pakistan border threatening food security
There has been an increased risk along both sides of the India-Pakistan border, the Food and Agriculture Organization of the United Nations (FAO) said Friday.
FAO, in its Friday release, warned, “Despite control operations, recent heavy rains have created ideal conditions for the pest’s reproduction in several countries. Young juveniles will become voracious adults in June just as farmers begin to harvest, compounding an already bleak food security situation.”
Reports indicate that India has reached out to Pakistan to counter a locust invasion which threatens to destroy crops and undermine food security in the south and southwest Asia already threatened by the COVID19 pandemic.
According to Indian news outlets, swarms of desert locusts swept Jaipur on Monday as the insect onslaught spread wider to parts of Rajasthan, Madhya Pradesh, and Uttar Pradesh; while Gujarat and Punjab have warned their farmers of locust attacks.
This is the second round of locust attack in India, the first one having occurred during December-February.
Locust attacks in 12 countries, including Pakistan, Iran, and ten nations in Africa, have damaged crops over millions of hectares.
The World Bank has set up a $500 million program to help countries in Africa and the Middle East combat the impact of locusts.
It is noteworthy that the Locusts can destroy standing crops and devastate livelihoods of people – The desert locust is considered the most destructive migratory pest in the world and a single swarm covering 1 square kilometer can contain up to 80 million locusts.
Business
‘Made in Afghanistan’ expo opens in Tashkent
The Afghanistan Chamber of Commerce and Investment has announced that a major exhibition of Afghan products titled “Made in Afghanistan” is opening today (Wednesday) in Uzbekistan’s capital Tashkent.
According to the chamber, the expo—supported financially by the United Nations Development Programme—will run until Friday and aims to showcase Afghanistan’s production and export potential.
More than 60 booths have been set up by Afghan traders, featuring a wide range of products including carpets, dried and fresh fruits, saffron, pine nuts, cotton, precious and semi-precious stones, as well as beverages.
Officials from the chamber expressed hope that the expo will help expand trade relations between Afghanistan and countries in the region, particularly Uzbekistan.
Business
Afghani strengthens nearly 10% against US dollar amid banking sector reforms
The bank said it has expanded oversight of financial institutions and private lenders, improving transparency and promoting more consistent standards across the sector.
Afghanistan’s central bank, Da Afghanistan Bank, says the national currency has appreciated by 9.93% against the US dollar during the year 1404, citing steady progress in the country’s financial and banking systems.
Officials attributed the gains to cautious monetary policies that have helped stabilise the Afghani against major global currencies while also boosting its value against the dollar.
The bank said it has expanded oversight of financial institutions and private lenders, improving transparency and promoting more consistent standards across the sector.
As part of efforts to better manage liquidity, authorities also collected and destroyed worn-out banknotes in circulation. At the same time, officials reported growth in electronic banking, with digital payment usage rising in recent months.
Central bank spokesperson Haseebullah Noori said initiatives are underway to broaden access to banking services nationwide, including the wider rollout of Islamic banking options.
Analysts welcomed the stabilisation efforts but stressed the need to address ongoing challenges facing domestic banks, including the impact of international financial sanctions on Afghanistan.
They added that expanding Islamic banking could help draw more savings into the formal financial system, noting that a significant share of personal wealth remains outside banks. Bringing those funds into the sector, they said, could inject billions of Afghanis into the economy and further support financial stability.
Business
Uzbekistan delivers over 290 tons of aid to Afghanistan
The assistance, provided ahead of Eid al-Fitr, is intended to support vulnerable communities while reinforcing ties between the neighboring countries.
Uzbekistan has delivered more than 290 tons of humanitarian aid to Afghanistan, according to the country’s Ministry of Foreign Affairs.
The assistance, provided ahead of Eid al-Fitr, is intended to support vulnerable communities while reinforcing ties between the neighboring countries.
The shipment includes essential food supplies such as flour, rice, wheat, vegetable oil, instant meals, pasta, and confectionery. An official handover ceremony was held in the border town of Hairatan.
Local officials, including Balkh province representatives and authorities from Hairatan, expressed appreciation for the continued support, acknowledging Uzbekistan’s efforts to assist the Afghan people.
Among those present at the ceremony were Uzbekistan’s Ambassador to Afghanistan, Oybek Usmanov, and Surkhandarya regional governor Ulugbek Kosimov.
The aid delivery underscores Uzbekistan’s ongoing humanitarian engagement and its broader efforts to promote regional cooperation and stability.
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