Business
New support fund officially launched for private sector
A support fund for the private sector was officially launched on Thursday in the presence of Mullah Abdul Ghani Baradar, the Deputy Prime Minister for Economic Affairs of the Islamic Emirate of Afghanistan, Nooruddin Azizi, acting Minister of Commerce in Industry, officials of various ministries and members of the private sector.
The private sector support fund has been established to achieve sustainable economic growth and development, reduce unemployment, create new job opportunities, trade balance, reduce obstacles and threats to private sector activities, and provide facilities in the trade and transit process.
Also, having a reliable financial source for implementing projects and programs related to the private sector, financing programs related to the National Ports Committee, building the required facilities in ports and crossings, creating laboratories and purchasing equipment for testing the quality of imported and exported goods, are among the main aims of this initiative.
Baradar said at the event that with this system, the level of unemployment will decrease and work opportunities will be provided for citizens.
He asked members of the private sector to speed up their “activities and perform them with better quality”.
Azizi in turn said: “The projects that are prioritized through the leadership committee of the fund and in consultation with the private sector will surely increase trade, reduce prices for consumers, and accelerate imports and exports.”
He said the Ministry of Commerce and Industry is committed to providing grounds for the development of the private sector.
The private sector support fund is meanwhile made up of leaders and technical committees.
The members of these committees consist of representatives of the Deputy Prime Minister for Economic Affairs, General Directorate of Affairs, Ministries of Commerce and Industry, Finance, Agriculture, Irrigation and Livestock, Economy, Energy and Water, Telecommunications and Information Technology, Mines and Petroleum, and sectorial chambers.
The main duties of the committee are leading, approving or rejecting proposed projects, determining the contribution amount for the fund, prioritizing the projects, monitoring the activities of the technical committee, monitoring the implementation of the projects, and submitting a report on the expenses of the projects to the highest authority.
This fund is financed through the help, assistance and donations of people and organizations at a national and international level and a small amount on taxes on imported and exported goods will go towards the fund.
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Business
Afghanistan, Uzbekistan sign 13 trade MoUs worth over $100 million
Thirteen trade and investment memorandums of understanding (MoUs) worth more than $100 million were signed between private sector representatives of Afghanistan and Uzbekistan during a conference held in Kabul on Saturday.
The conference, which brought together business leaders and officials from both countries, focused on expanding bilateral economic cooperation, increasing trade volume, and identifying new investment opportunities.
Speaking at the event, Nooruddin Azizi, Minister of Industry and Commerce of Afghanistan, said economic relations between Afghanistan and Uzbekistan have gained notable momentum in recent months. He stressed that Afghanistan is actively working to strengthen regional trade ties and create a more favorable environment for investors.
Azizi added that Afghanistan offers significant investment potential, particularly due to its available workforce and emerging opportunities across multiple sectors, and is ready to welcome joint ventures with foreign partners.
Officials from the Ministry of Industry and Commerce of Afghanistan said the government has facilitated around $2 billion in investment across various sectors over the past year, reflecting growing investor interest in the country’s economy.
The Uzbek delegation also reiterated its commitment to expanding economic relations with Afghanistan, describing the agreements as an important step toward deeper regional cooperation.
Amanbay Orynbayev, head of Uzbekistan’s Karakalpakstan delegation, said his country places strong emphasis on long-term, transparent, and reliable economic partnerships. He encouraged Afghan traders to take advantage of joint investment opportunities to access new regional markets.
The Afghan private sector welcomed the agreements, expressing hope that increased trade engagement and business exchanges will further strengthen economic ties between the two neighboring countries.
Officials noted that the total value of agreements signed between Afghanistan and Uzbekistan has now exceeded $1.5 billion. If implemented effectively, these commitments are expected to contribute to increased trade flows and broader economic growth in Afghanistan.
Business
New Afghanistan-China transport corridor launched via Turkmenistan
A new multimodal freight corridor linking China and Afghanistan via Turkmenistan has been officially launched, aiming to improve the speed and efficiency of overland cargo transportation across Central Asia.
According to the Turkmenistan Embassy in London, the country has become part of a newly established route designed to accelerate freight deliveries between China and Afghanistan.
The corridor, developed with the involvement of Uzbekistan Railways’ subsidiary Uztemiryulcontainer, covers approximately 7,400 kilometers and is expected to reduce transit time to around 30 days, improving overall logistics efficiency.
Under the new route, containers are transported by rail from China through the Altynkol station in Kazakhstan, continuing via Uzbekistan to a logistics hub in Bukhara. From there, cargo is transferred to road transport and moved across Turkmenistan before reaching Herat in Afghanistan.
Officials say the new system integrates rail and road networks into a unified logistics chain, making transport more predictable and efficient.
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