Business
Afghanistan looking to get oil, gas from Russia; hoping to send dry fruits to Moscow
The Islamic Emirate of Afghanistan has shown interest in buying oil and gas from Russia and continuing work on the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project.
Pakistan’s Business Standard reported that this comes after Russian energy giants like Gazprom have been hit by sanctions from the Western countries.
However, Jamal Nasir Garwal, the IEA’s charge d’affaires in Moscow, has reaffirmed Afghanistan’s ambition of developing the energy partnership with Russia.
“Yes, we are negotiating in the sphere of business and finance. We are determined and very much want to develop economic cooperation with Russia so that there is progress in relations.
“As for specific areas, we are interested in purchasing fuel and gas, these are the most important areas at the moment, what our country needs in the first place,” said Garwal in an interview with Russian state-owned news agency RIA Novosti.
The Afghan charge d’affaires said the IEA government is relying on Russia to restore the infrastructure, build buildings, roads and other necessary facilities because it had helped Afghanistan in the past.
The negotiations, he said, are currently underway through the Ministries of Trade of Russia and Afghanistan as Kabul remains “determined” to sign specific agreements soon, Business Standard reported.
“We also want our dried fruits and other agricultural products to be delivered to Russia, we are interested in developing this direction. While we have not determined the specific details, but we are negotiating for the future. At the same time, we are not talking about some kind of barter,” Garwal said.
He also said the top leadership in Kabul remains keen to continue the work on the TAPI project, which has already seen more lows than highs since the first TAPI summit held in Ashgabat in December 2010.
With a total length of nearly 1814 km — 214 km of which falls in Turkmenistan, 774 km through Afghanistan, and 826 km in the territory of Pakistan before reaching Fazilka in India’s Punjab — the mega gas pipeline project would connect Turkmenistan, one of the largest energy suppliers in the world, with the South Asian countries.
“Negotiations are underway so that our cooperation within the framework of the project continues… Most importantly, we are very pleased with the security situation: the threats that were before are gone,” said Garwal.
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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