Business
Afghanistan, Tatarstan sign trade agreement worth $183 million
The Afghan Ministry of Industry and Commerce announced on Thursday that trade agreements worth $183 million had been signed between the private sectors of Afghanistan and the Republic of Tatarstan, Russia.
During a meeting in Kabul between the private sectors of Afghanistan and Tatarstan, Nooruddin Azizi, Acting Minister of Industry and Commerce, urged Tatarstan’s private sector to invest in Afghanistan’s mining, agriculture, and medicinal plants sectors.
According to Azizi, Tatarstan also plans to establish a banking office in Afghanistan.
At the meeting, Oleg Vladimirovich Korobchenko, Deputy Prime Minister and Minister of Industry and Trade of the Republic of Tatarstan, presented information about Tatarstan’s civilian and military products and industries. He also invited the delegation of the Islamic Emirate to attend an oil exhibition scheduled for August 26 in Kazan.
Korobchenko stated: “Tatarstan is one of Russia’s key industrial regions. Next year, we will invite Afghan traders to a major expo to explore Tatarstan’s products. Once Afghanistan achieves international recognition, we aim to establish strong economic relations. Tatarstan is committed
to expanding trade cooperation, joint investments, and broader economic ties between Kabul and Moscow.”
The meeting also included discussions on potential cooperation in areas such as food production, helicopter manufacturing, water management, oil and gas, electrical appliances, hygiene and cleaning products, construction materials, and iron smelting.
Afghanistan and Tatarstan currently maintain positive relations, and Tatarstan has earlier expressed interest in investing in the project to transfer water from Panjshir River to Kabul.
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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