Business
Saffron exports to India surpass $19 million mark
Afghanistan’s saffron export to India topped $19.08 million last year, indicating an 80 percent increase over the past five years.
In 2019, Afghanistan exported $17.38 million worth of saffron to India.
In an effort to further promote Afghan saffron trade in India, the Afghanistan Commercial Attaché office in Mumbai, in association with USAID and the US Department of Commerce’s Commercial Law Development Program (CLDP), and Indian Chamber of International Business (ICIB) hosted the Afghan Saffron Promotion Virtual Conference on Wednesday.
“USAID, in collaboration with the US Department of Commerce and the US Department of Agriculture, is working with Afghan and Indian private and public sectors to increase saffron supply, reduce trade costs, and better serve Indian markets and consumers,” said USAID/Afghanistan Mission Director Tina Dooley-Jones.
“Together, we are working to improve farming techniques so Afghan farmers can sell more, high-quality saffron while adhering to important safety guidelines,” she said.
The event was attended by dignitaries from World Trade Center Mumbai, Afghanistan Chamber of Commerce and Industries, Afghanistan Women Chamber of Commerce and Industries, and Kabul and Herat Chambers of Commerce & Investment, the Afghan Embassy in India said in a statement.
Manpreet Singh, President of the Indian Chamber of International Business said: “The market opportunity in India for saffron and Afghanistan is wide open. I know that Afghan saffron is winning international quality and taste awards. The price is also right. The only problem is that consumers do not know this.”
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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