Business
Afghanistan: Central bank delivers report for last fiscal year
Da Afghanistan Bank presented its performance report for the last solar year, 1401, (March 21, 2022 to March 20, 2023) on Wednesday and reported the value of the afghani increased by 1.01 percent against the previous year.
Bank officials said at a press conference in Kabul that there had also been a 59.5 percent increase in revenue collected in 1401, which totaled over $8.68 billion.
Officials said during the last year, Da Afghanistan Bank has managed the country’s foreign exchange reserves to meet the needs of the market and is trying to take effective steps to strengthen the banking and financial sector through the release of the country’s foreign exchange reserves.
Formulating a strategic plan for the management of the banking sector, reviewing legal documents, continuous monitoring of the activities of licensed banks, removing restrictions on withdrawing money from personal accounts in commercial banks and obtaining licenses from the US Treasury Department for the purpose of improving the banking system, were key achievements by Da Afghanistan Bank during the last year.
Officials also said an Islamic Banking Committee had been established within the framework of Da Afghanistan Bank in order to strengthen the Islamic banking system in the country.
Also, in order to regulate, mechanize and manage the affairs of the non-banking sector in the country as best as possible, a master plan has been drawn up by Da Afghanistan Bank and sent to the Islamic Emirate of Afghanistan’s Cabinet for approval.
The officials stated that in the past year, Da Afghanistan Bank has prevented money laundering and currency smuggling in the light of applicable laws, and in order to build trust, it has sent its performance report to relevant international organizations.
Officials of Da Afghanistan Bank say that in order to manage liquidity in the capital and provinces, the bank has taken solid steps to implement reasonable plans.
They said in the past year, the amount of 1.1 billion afghanis was released into circulation and old bank notes were withdrawn.
According to officials, the creation of a registration system of loan rights of movable properties and the monitoring system of the non-banking sector, the renewal of the banking systems of the capital and the adoption of necessary cyber measures for the security of the SWIFT system are other achievements of Da Afghanistan Bank during the year 1401.
Business
Afghanistan, Belarus discuss expanding industrial and trade cooperation
Particular attention was given to companies producing tractors, industrial machinery, and equipment and vehicles used in the mining sector.
Afghanistan’s Minister of Industry and Commerce, Nooruddin Azizi, met with Belarus’ Minister of Industry during an official visit to the country.
The two sides discussed the establishment of manufacturing plants in Afghanistan, the regular organization of the Afghanistan-Belarus Business Forum, and follow-up on issues raised through the countries’ economic commission.
Belarusian officials expressed appreciation for Afghanistan’s participation in the country’s international industrial exhibition and voiced interest in expanding the presence of Belarusian manufacturing companies in Afghanistan.
Particular attention was given to companies producing tractors, industrial machinery, and equipment and vehicles used in the mining sector.
The second International Industrial Exhibition of Belarus is being held with the participation of around 500 companies from different countries. The exhibition has also attracted visitors from European and Asian countries.
Business
Afghanistan, Tajikistan seek stronger trade and investment ties
The two sides discussed increasing trade exchanges, establishing direct links between traders and investors, and organizing joint economic programs.
The heads of the chambers of commerce and industry of Afghanistan and Tajikistan have agreed to strengthen bilateral trade, promote investment and expand cooperation between the private sectors of the two countries.
Sayed Karim Hashemi, head of the Afghanistan Chamber of Commerce and Investment (ACCI), held an online meeting with Farhad Shah Rahman Alizoda, head of the Chamber of Commerce and Industry of Tajikistan, to discuss ways to expand economic ties.
The two sides discussed increasing trade exchanges, establishing direct links between traders and investors, and organizing joint economic programs.
Hashemi invited Tajik traders and investors to participate in the fifth Imam Abu Hanifa International Exhibition in Kabul.
Alizoda, meanwhile, invited an Afghan business delegation to attend a major trade and industrial exhibition in Dushanbe.
The two sides also stressed the importance of exchanging business delegations and developing long-term cooperation between the private sectors of Afghanistan and Tajikistan.
Business
Kazakhstan grain shipments to Afghanistan rise over 4-fold
Of the total, 7.2 million tons were transported for export, while 2.1 million tons were supplied to the domestic market.
Grain shipments from Kazakhstan to Afghanistan increased 4.4 times in the first eight months of the year, reaching 655,000 tons, according to Kazakhstan’s Transport Vice Minister Zhanibek Taizhanov.
Speaking at a government meeting, Taizhanov said Kazakhstan transported 9.3 million tons of grain by rail during the period, a 13% increase compared with the same period in 2025.
Of the total, 7.2 million tons were transported for export, while 2.1 million tons were supplied to the domestic market.
Taizhanov said grain shipments to Central Asia increased by 37%, while shipments to China rose by 34%. Grain exports through Russian ports also increased by 9%.
Meanwhile, combined fodder exports rose by 38% to 2.6 million tons.
Earlier, Kazakhstan’s Vice Minister of Agriculture Azat Sultanov said the country plans to commission 15 additional vegetable storage facilities by the end of 2026, with a combined capacity of 129,000 tons.
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