Business
US House passes bill to stop financial aid to Islamic Emirate of Afghanistan
Abdul Latif Nazari, Deputy Minister of Economy, characterized the legislation as part of a broader pressure campaign.
The U.S. House of Representatives has passed new legislation aimed at increasing oversight and restricting financial aid to Afghanistan, specifically to prevent the Islamic Emirate government from gaining access to U.S. taxpayer-funded assistance.
The bill, co-sponsored by Representative Tim Burchett, outlines three core objectives: blocking the Islamic Emirate of Afghanistan (IEA) from accessing financial and material support, increasing transparency around cash assistance programs, and closely monitoring the Afghanistan Trust Fund (ATF) and the Central Bank of Afghanistan.
“This bill is about protecting American resources and ensuring they do not fall into the hands of those who undermine international norms,” Burchett said during floor debate.
The House Foreign Affairs Committee praised the bill as a necessary corrective, referencing reports that millions in aid may have entered Afghanistan with insufficient oversight following the U.S. military withdrawal.
Under the new law, the State Department is required to establish mechanisms to prevent humanitarian aid from being misused and to provide detailed, recurring updates to Congress on these measures.
The Islamic Emirate rejected the bill, calling it interference in Afghanistan’s internal affairs. Spokesperson Zabihullah Mujahid said the Ministry of Economy administers humanitarian aid with fairness and independence, and accused the U.S. of politicizing relief efforts.
Abdul Latif Nazari, Deputy Minister of Economy, characterized the legislation as part of a broader pressure campaign.
He insisted that Afghanistan’s economy could endure without U.S. assistance, pointing to ongoing efforts toward economic self-sufficiency. Even if the aid stops, our economy will rely on domestic sources, he said.
However, independent analysts warn that any sharp reduction in international aid could significantly undermine humanitarian operations in a country still grappling with high poverty, food insecurity, and economic instability. Several NGOs and aid agencies reliant on U.S. funding have already scaled back operations.
The legislation also signals a more assertive policy shift under President Donald Trump, whose administration has prioritized a security-first, results-driven approach to engagement with Afghanistan.
With declining foreign support and strained diplomatic relations, Afghanistan’s economic future—and its ability to maintain basic services—now faces a period of deep uncertainty.
Business
Afghanistan eyes direct Basmati rice imports from India amid tensions with Pakistan
Afghanistan is exploring direct imports of Basmati rice from India as it seeks to diversify its supply sources amid ongoing tensions with Pakistan, according to a report by The Hindu.
The report said Indian exporters and Afghan importers are expected to meet next month to discuss expanding direct trade in Basmati rice, following preliminary talks between officials from both countries held last week with the facilitation of the PHD Chamber of Commerce and Industry.
Afghanistan consumes nearly 500,000 tonnes of Basmati rice annually and has traditionally relied on imports from neighboring Pakistan. However, industry sources told The Hindu that recent strains in Afghanistan-Pakistan relations have encouraged Kabul to seek alternative suppliers, including India.
Representatives of Afghanistan’s diplomatic mission in New Delhi reportedly took part in the discussions and expressed interest in increasing purchases of Indian Basmati rice. At present, some Indian rice reaches Afghanistan indirectly through traders in Iran and Dubai, a route that adds to transportation and transaction costs.
One proposal under consideration is to transport rice through Iran’s Bandar Abbas Port, subject to agreements between the two governments. The discussions are also expected to cover logistics, payment mechanisms, and the possibility of barter trade, with Afghanistan’s dried fruit exports to India seen as a potential component of future trade arrangements.
According to The Hindu, a direct trade arrangement could help India expand its share of Afghanistan’s Basmati market, which has historically been dominated by Pakistani suppliers.
Business
Afghanistan, Kyrgyzstan establish trade council to boost economic cooperation
The two sides signed a memorandum of understanding to establish the Afghanistan-Kyrgyzstan Trade Council.
The Embassy of the Islamic Emirate of Afghanistan in Kyrgyzstan says the Afghanistan-Kyrgyzstan Business Forum has been held with the participation of officials from both countries.
According to a statement issued by the embassy, Acting Ambassador Abdul Shakoor Haqqani said Afghanistan supports strengthening bilateral trade relations and promoting joint economic initiatives between the two countries.
The statement added that the two sides signed a memorandum of understanding to establish the Afghanistan-Kyrgyzstan Trade Council. The council aims to strengthen ties between business communities, coordinate joint initiatives, and expand and support economic projects.
Meanwhile, Sayed Karim Hashemi, Chairman of the Afghanistan Chamber of Commerce and Investment, arrived in Kyrgyzstan on Saturday at the head of a trade delegation to participate in the forum.
Business
Afghanistan invites Turkish investors to expand joint investments
Participants stressed the importance of increasing private sector cooperation and creating new opportunities to boost trade and investment between Afghanistan and Türkiye.
A high-level Afghan business delegation, led by the Chairman of the Balkh Chamber of Commerce and Investment, Mohammad Ibrahim Ghazanfar, participated in the Afghanistan–Türkiye Joint Business Council meeting in Istanbul, calling for expanded joint investment and stronger economic cooperation between the two countries.
According to a statement from the Balkh Chamber of Commerce and Investment, Ghazanfar invited Turkish investors and industrialists to explore investment opportunities across various sectors in Afghanistan, emphasizing the country’s potential for mutually beneficial partnerships.
The meeting brought together business leaders, investors, and private sector representatives from both Afghanistan and Türkiye to discuss ways to strengthen bilateral trade and economic ties.
During the event, several cooperation agreements were signed between Afghan and Turkish economic institutions. The agreements are aimed at expanding commercial relations, promoting joint investment projects, and enhancing economic cooperation between the two countries.
The meeting was chaired by Süleyman Güllü, Chairman of the Türkiye–Afghanistan Joint Business Council, and was attended by Mohammad Akbar Azimi, the Islamic Emirate of Afghanistan’s Consul General in Istanbul, along with a number of businessmen and investors from both countries.
Participants stressed the importance of increasing private sector cooperation and creating new opportunities to boost trade and investment between Afghanistan and Türkiye.
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