Business
1.2 million people in Afghanistan employed in carpet industry: Union
Afghanistan’s Carpet Manufacturers Union said this week that currently 1.2 million people are employed in the carpet industry in the country but if the sector grows, thousands more could get jobs.
Union officials have said they want to increase the carpet industry by expanding the business from 18 to 34 provinces. In line with this, they have called on the Islamic Emirate of Afghanistan (IEA) to increase customs tariffs on foreign carpets in order to support the local carpet industry.
The carpet industry in Afghanistan is a long-standing industry through which many families earn a living, but the expansion of this industry requires larger programs.
Union officials have asked the Ministry of Trade and Industry to allocate sections of industrial parks to this industry to help attract more investment.
According to them, currently 95 percent of the market is flooded with imported carpets.
“The domestic market is filled with foreign carpets. We want to offer domestic products to the people at the price and quality that comes to Afghanistan from abroad,” said Noor Ahmad Noori, head association of carpet producers.
Officials from the Ministry of Trade and Industry said they are ready to further support the carpet industry and plan to hold a national carpet expo in Kunduz, Balkh, Nangarhar, Kabul and other provinces.
“We strive to further expand the carpet sector so that we can increase our domestic production and we are ready to meet all the needs of the sector that we have at our disposal,” said Mohammad Naeem Walizada, a ministry adviser.
Economic experts also say that the carpet industry not only provides jobs for people, but can have a positive impact on the country’s economy.
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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