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Govt to call for tenders for 68 mines across Afghanistan

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Afghan Ministry of Mines and Petroleum said on Thursday that of 108 mines in 23 provinces, the High Economic Council has approved the launch of a tender process for 68 of these mines.

Minister of Mines and Petroleum Haroon Chakhansuri said 800 million AFs will be invested in these mines.

According to Chakhansuri, the annual revenue generation from these mines will be between 150 and 170 million AFs and 3,000 jobs will be created.

“Mines with a high income will be focused on. The mineral extraction process will take place in three parts, first small mines after that mid-size mines and at the end large mines,” stated Chakhansuri.

He also said that they will start work on the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project by the end of the month but did not provide further details.

Meanwhile, investors said that wide-spread corruption in government and the presence of armed groups are challenges facing the mining industry.

International organizations and the government also said that illegal extraction of minerals from mines is a substantial source of income for armed groups.

“Private sector is willing to invest in mining but the government should pay attention to our demands. We need the mines and have the capacity to extract the minerals,” said Abdul Nasir Reshtia, head of the association of steel factories.

In 2007 the United States Geological Service did a study and discovered nearly $1 trillion in untapped mineral deposits in Afghanistan, far beyond any previously known reserves.

The previously unknown deposits — including huge veins of iron, copper, cobalt, gold and critical industrial metals like lithium — are so big and include so many minerals that are essential to modern industry that Afghanistan could eventually be transformed into one of the most important mining centers in the world.

At the time, an internal Pentagon memo, for example, stated that Afghanistan could become the “Saudi Arabia of lithium,” a key raw material in the manufacture of batteries.

However, the industry has not only been dogged by corruption but it is also dominated by warlords and insurgents and largely goes unregulated, and under-developed.

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‘Made in Afghanistan’ expo opens in Tashkent

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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.

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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.

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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.

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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.

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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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