Business
American delegation attends Afghan trade conference in Kabul
The Islamic Emirate will provide necessary facilities for domestic and foreign investors for the purpose of economic development and will give them their full support, the economic deputy of the prime minister said at the Afghanistan Trade and Economic Relations 2023 Conference in Kabul.
“We have provided investment opportunities to foreign investors in addition to domestic investors, and electricity has been provided for the country’s industries as far as possible, and efforts are still being made to develop electricity for the country’s industry,” said Mullah Abdul Ghani Baradar.
Members of an American trade delegation who participated at the conference say they are working to release the country’s frozen assets and to get sanctions on sanctions on the Afghan banking system lifted.
According to them, security in Afghanistan has been restored, which will provide the opportunity for foreign investment.
This is the first time an American trade delegation has visited the country since the Islamic Emirate of Afghanistan’s takeover.
“We are ready to cooperate with the private sector of Afghanistan, especially in the sectors that have problems, we want discussions on different economic sectors. Afghanistan is now ready for investment and we want to do joint work. We saw the situation closely today and understood the realities of Afghanistan,” said Jeff Grieco, President and CEO of the Afghan-American Chamber of Commerce.
Baradar meanwhile said that under Islamic Emirate rule in Afghanistan, the economy was seriously threatened, but that it is now improving. According to Baradar, in the past two years, administrative corruption has been eliminated, the cultivation and production of narcotics has been stamped out, and the Afghan currency has remained stable against foreign currencies.
“Islamic Emirate has provided all the necessary facilities for domestic and foreign investors and we fully support them, so they can be assured that their problems have been addressed on time,” said Mullah Baradar.
A number of Afghan investors, who attended the conference, said a lot of work has been done to attract investment in Afghanistan – and now, more than ever before, the opportunity to invest in the country has been provided.
“Our request to the American trade delegation is to present the real picture of Afghanistan to the people and the American government,” said Obaidullah Sader Khail, head of Afghan Business Council in the UAE.
After the US and NATO withdrawal from the country, and the collapse of the former government, the US froze Afghanistan’s foreign reserves that totalled about $7 billion. Sanctions were also imposed on the country’s banking system.
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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