Business
Afghanistan, Turkey to boost carpet industry ties and expand exports to Europe
Both sides underscored the cultural and economic value of Afghan carpets, recognizing them as a national symbol and one of Afghanistan’s most valuable export commodities.
The Ministry of Commerce and Industry of Afghanistan has announced a renewed commitment to enhancing cooperation between Afghanistan and Turkey in the carpet industry, with a particular focus on boosting Afghan carpet exports to European markets via Turkey.
During a meeting held in Kabul, Acting Minister of Commerce and Industry, Nooruddin Azizi, met with Ahmet Diler, President of the Turkish Carpet Union, and his accompanying delegation.
The discussion centered on strengthening joint efforts in the carpet sector and utilizing Turkey’s trade infrastructure to facilitate Afghan carpet access to European consumers.
According to the official statement, the meeting was also attended by leaders of the Afghan Carpet Manufacturers and Exporters Union.
Both sides underscored the cultural and economic value of Afghan carpets, recognizing them as a national symbol and one of Afghanistan’s most valuable export commodities.
Diler praised the high quality of Afghan carpets and noted their positive influence on Turkey’s own carpet industry.
He stated: “With around 500 members, the Turkish Carpet Union is ready to support Afghanistan’s carpet sector and to encourage necessary investments in this area.”
In response, Azizi reiterated the exceptional quality and national importance of Afghan carpets.
He emphasized that closer cooperation between the carpet unions of both countries, along with a reduction in tariffs on Afghan carpets by the Turkish government, would significantly ease their export to Europe—bringing economic benefits to both nations.
Azizi also expressed Afghanistan’s willingness to actively engage in joint marketing campaigns, promotional initiatives, website and exhibition development, cultural awareness programs, and trade missions.
Furthermore, he proposed the launch of a collaborative initiative among major carpet-producing countries—particularly Afghanistan, Turkey, and Turkmenistan, the latter having a dedicated Ministry of Carpets—to promote global appreciation for handwoven carpets.
At the conclusion of the meeting, the Afghan and Turkish carpet unions signed a memorandum of understanding (MoU) during Diler’s official visit to Kabul, marking a formal commitment to advancing joint activities and strengthening sectoral cooperation.
The Turkish delegation’s visit was extended at the official invitation of the Afghan Carpet Manufacturers and Exporters Union and is seen as a significant step toward deepening commercial and cultural ties between the two countries.
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.
Business
Turkmenistan, Afghanistan discuss steps to speed up land acquisition for TAPI pipeline
By the end of the year, the vessels are expected to deliver about 11,700 pipes as part of preparations for construction of the TAPI pipeline.
Officials from Turkmenistan and Afghanistan have held talks aimed at accelerating land acquisition for the long-planned Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline, according to Afghanistan’s Ministry of Agriculture, Irrigation, and Livestock.
The issue was discussed during a meeting between TAPI project head Murad Amanov, Afghanistan’s acting Minister of Agriculture, Irrigation, and Livestock Mullah Attaullah Omari, and Turkmenistan’s ambassador to Afghanistan Hoja Ovezov.
Amanov briefed Afghan officials on recent progress and emphasized the need to accelerate procedures related to land acquisition and the determination of land prices in line with the framework agreement signed by the four participating countries.
Meanwhile, vessels operated by the Azerbaijan Caspian Shipping Company (ASCO), part of AZCON Holding, have begun transporting pipes for the project. The shipments are being carried from the Port of Baku to the Turkmenbashi International Seaport.
By the end of the year, the vessels are expected to deliver about 11,700 pipes as part of preparations for construction of the TAPI pipeline.
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