Business
Afghan, Uzbek officials sign power transmission agreement
Afghanistan and Uzbekistan officials signed a power transmission agreement on Friday at a ceremony in Tashkent, Uzbekistan.
According to the agreement Afghanistan can now import electricity from Uzbekistan for the next ten years.
The Afghanistan Ministry of Foreign Affairs said in a statement that based on the agreement, which was signed between Chief Executive of Da Afghanistan Breshna Sherkat Ahmad Dawood Noorzai and Dadajon Isakulov, Chairman of the state-owned National Electric Networks of Uzbekistan, a 500-kV electricity transmission line will be built by an Uzbek company with funding of $100 million from the Asian Development Bank.
The ministry said in the first two years, 4.25 GW of electricity per hour will be exported to Afghanistan and it will be increased by 6 GW per hour thereafter.
“With the implementation of this agreement, electricity will be provided 24 hours a day to the northern, central, southern and southwestern provinces and the capital of the country,” the statement read.
Chief of Staff in President Ashraf Ghani’s office Mohammad Shakir Kargar, Acting Minister of Transport Mohammad Yamma Shams, Acting Deputy Minister for Industry and Commerce Abdul Karim Malikyar, Chief Executive of Da Afghanistan Breshna Sherkat Ahmad Dawood Noorzai, and Abdul Bari Sediqi, head of the Afghanistan Railway Authority attended the ceremony.
The development comes at a time Afghanistan is reliant on imported electricity, from its neighbors, including Tajikistan, Uzbekistan, and Iran.
The agreement also coincides with Acting Foreign Minister Mohammad Haneef Atmar’s two-day visit to Tashkent to discuss ways to expand bilateral ties and cooperation in various sectors including irade and transport.
Uzbekistan’s Foreign Minister Abdulaziz Kamilov said Friday: “We hope that this historic trip will further enhance political and economic cooperation between the two countries and strengthen our relations in the fields of trade, transport, electricity, and energy.”
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.
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