Business
Afghan-Kazak private sectors seal deals worth $100 million
The Ministry of Commerce and Industry of Afghanistan announced on Thursday contracts worth more than $100 million have been signed between the private sector of Afghanistan and Kazakhstan in a bilateral meeting in Astana.
According to the ministry, a meeting was held between the delegation of the Islamic Emirate of Afghanistan, led by Nooruddin Azizi, the minister of commerce and industry of the Islamic Emirate, and Kazakh authorities, led by Zhumangarin Serik, the deputy prime minister and minister of trade and integration.
During the meeting, the two sides discussed the results of the trade communication meetings and the holding of Kazakh-Afghan exhibitions, facilities in the field of transit and trade, banking between the two countries, new technologies for irrigation management and water conservation, logistics centers in the land ports of Aqena and Turghondi, the Kazakhstan Chamber of Commerce in Herat, three-way transit, the cost of transporting goods and bringing facilities in the field of transportation, and overall increasing the level of trade, investments and signing of agreements.
It was also announced that as a result of bilateral business meetings between the private sectors of the two countries, contracts worth more than $100 million have been signed.
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.
-
Latest News4 days agoPakistan seeks Russian mediation to resolve Afghanistan tensions
-
Latest News5 days agoWorld must re-engage to prevent all-out Afghanistan-Pakistan war: Financial Times
-
Latest News3 days agoAround 2.3 million tourists visited Afghanistan’s recreational areas during Eid: Ghufran
-
Sport4 days agoAfghanistan squad hit by withdrawals ahead of AFC Asian Cup Qualifiers
-
Latest News1 day agoTajikistan shifts stance on Afghanistan amid rising border tensions
-
Latest News3 days agoIslamic Emirate releases American prisoner Dennis Coyle
-
Latest News4 days agoAirstrike on Kabul drug rehabilitation centre sparks legal concerns
-
Latest News3 days agoTwo civilians killed, eight injured in fresh shelling by Pakistan in Kunar
