Business
Afghan currency strengthens slightly overnight against US dollar
Sara-e- Shahzadah, Afghanistan’s largest currency exchange market, announced early Thursday that the Afghani had gained some traction and climbed to 95 AFN against the US dollar overnight.
This comes after the AFN was trading at 105 Afghanis to the dollar at close of business on Wednesday.
Meanwhile, the Afghanistan Central Bank, Da Afghanistan Bank, has said the fourth package of UN cash aid has arrived in Afghanistan.
According to statement, the assistance amounts to $19.2 million and has been deposited with the Afghanistan International Bank (AIB).
The previous cash aid package of $19.2 million arrived in Kabul on Sunday.
Da Afghanistan Bank added that efforts have been made to facilitate principled ways to prevent “poverty and misery” for the Afghan people, and that the country’s banking system and foreign exchange needs will be resolved soon.
“Da Afghanistan Bank has always sought to keep the value of the Afghan currency stable against foreign currencies,” the statement said.
Central Bank officials also said the leadership of this institution is trying to stabilize the Afghani.
This comes after the AFN slipped to a dismal 130 Afghanis to the US dollar this week.
Islamic Emirate of Afghanistan (IEA) officials have however been taking steps to stabilize the currency and on Tuesday banned the use of foreign currencies for commercial transactions in the country.
Mawlawi Abdul Salam Hanafi, deputy prime minister, who is heading up a commission to curb the currency’s freefall, said at a press conference that the AFN would stabilize on the back of steps being taken.
“We have ordered clerics, local officials and security forces to prevent the use of foreign currencies [being used] in Afghanistan,” said Hanafi.
Mawlawi Hanafi warned that the authorities would take serious action against anyone found to be using, hoarding or smuggling foreign currencies.
Business
Afghanistan-Kazakhstan banking ties discussed in Kabul meeting
Business
Afghanistan, Kazakhstan envoys discuss expanding trade and regional connectivity
Ambassador Shakeeb thanked Kazakhstan for its continued support and constructive engagement with Afghanistan, particularly in efforts aimed at peace and economic development.
Afghanistan’s Ambassador to Pakistan, Sardar Ahmad Shakeeb, has met with Kazakhstan’s Ambassador to Pakistan, Yerzhan Kistafin, to explore ways to strengthen bilateral relations and advance regional cooperation.
The two envoys exchanged views on Afghanistan–Kazakhstan ties, regional connectivity, and major infrastructure initiatives, as well as the opportunities and challenges facing regional trade. Discussions also touched on Kazakhstan’s role in promoting regional stability and other matters of mutual interest.
Ambassador Shakeeb thanked Kazakhstan for its continued support and constructive engagement with Afghanistan, particularly in efforts aimed at peace and economic development.
He expressed hope that the proposed $3 billion joint trade agreement, once finalized, would bring tangible benefits to both countries and contribute to broader regional economic integration.
Ambassador Kistafin reaffirmed Kazakhstan’s support for stability and economic growth in Afghanistan, highlighting his country’s involvement in key regional connectivity and trade projects.
He said the current security and stability situation in Afghanistan has increased Kazakhstan’s confidence in expanding regional trade and transit, and praised the efforts of the Islamic Emirate in this regard.
He also stressed the need for coordinated regional efforts to ensure lasting stability, sustainable economic development, and the smooth movement of goods and transit across the region.
Business
Mahirood Customs leads Iran’s exports to Afghanistan
More than 1.5 million tonnes of goods were exported to Afghanistan through the border crossing during this period.
Mahirood Customs in South Khorasan province has become Iran’s main export gateway to Afghanistan, accounting for 36 percent of the country’s total exports to its eastern neighbor, Iranian officials said.
South Khorasan Governor Seyed Mohammadreza Hashemi told local media that Mahirood ranked first among Iran’s 71 active customs points during the first eight months of the current Iranian year.
More than 1.5 million tonnes of goods were exported to Afghanistan through the border crossing during this period.
Official customs figures show that Iran’s total exports to Afghanistan exceeded 4.26 million tonnes in the first eight months of the year, with Mahirood handling the largest share, Hashemi said.
He attributed the strong performance to South Khorasan’s strategic location, improved border infrastructure, effective planning, close cooperation with traders, and coordinated efforts by government agencies.
Hashemi said the expansion of exports via Mahirood Customs is contributing to economic growth, job creation, and stronger economic diplomacy for the province.
He added that continued support for exporters and streamlined customs procedures could further increase South Khorasan’s share of the Afghan market and other target markets in the future.
-
Latest News4 days agoUS delivers second batch of Afghan Black Hawk helicopters to Peru
-
Latest News3 days agoGermany speeds up admission of Afghans from Pakistan
-
Sport3 days agoIPL 2026 Auction set for Abu Dhabi with $28.6 million purse at stake
-
Business4 days agoAfghan economy posts second year of growth despite deep structural challenges
-
Latest News3 days agoAfghanistan to establish independent oil and gas authority
-
Latest News3 days agoUS intelligence chief warns of ‘direct threat’ from suspected terrorists inside the country
-
Sport4 days agoATN to broadcast ‘The Best FIFA Football Awards 2025’
-
International Sports4 days agoILT20: Jahangir powers Dubai Capitals to nine-run win over Abu Dhabi Knight Riders
