Business
Saffron sector suffering as 50% of exporters close down
Chamber of Agriculture and Livestock officials said Wednesday that 50 percent of the saffron exporting companies in the country have stopped operating due to a number of reasons including the COVID-19 pandemic and the economic turmoil in Afghanistan.
Chamber officials have appealed to the Ministry of Agriculture and Livestock to take measures to help farmers cultivate saffron and grow the export sector.
The Minister of Agriculture, Irrigation and Livestock (MoAIL) says that they have started the process of distributing saffron bulbs to farmers and that they are committed to supporting the sector.
Saffron is considered one of the most important agricultural products of the country, but in recent years, producers and exporters have faced many problems.
Industry experts said the pandemic had a huge impact on export volumes as did the political developments in the country.
According to the Agriculture and Livestock Chamber, although the country’s saffron is world famous, the situation is getting worse every day and half of the export companies have stopped operating.
“Our country’s saffron has a good name and good buyers in the international markets, and we hope that the sector ministries will pay serious attention to saffron,” said Mirwais Hajizada, the deputy of the Chamber of Agriculture and Livestock.
According to him, the number of active export companies in this sector was once 70, but now only 35 are still operational. Hundreds of people have also lost their jobs.
“Our problem is related to the last four years, and we are currently facing problems for export, and our production has also decreased. We must pay serious attention to this sector,” said Mohammad Naser Faizi, a member of the Saffron Exporters Association.
Ministry officials said they have expanded their efforts to develop the saffron sector and have started the process of distributing saffron bulbs to farmers in some provinces.
“We are trying to provide more facilities in the field of saffron cultivation, production and export so that we can have our customers in the international markets like before,” said Mawolavi Mesbahuddin Mustaeen, the ministry’s spokesperson.
Experts have said that with the ban on poppy farming, saffron could be a good alternative for these farmers.
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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