Business
Azizi: Afghanistan needs ‘industrial revolution’ to be self-sufficient
The Islamic Emirate of Afghanistan’s acting minister of commerce and industry, Nooruddin Azizi, says that Afghanistan will not achieve self-sufficiency until an “industrial revolution” occurs in the country.
Speaking on Tuesday, Azizi said at the opening ceremony of a new iron smelting factory in Kabul that the Ministry of Industry and Trade is focusing more on strengthening domestic industries in order to lead the country towards economic self-sufficiency.
This factory was built at a cost of $10 million and 700 jobs have been created.
“The Islamic Emirate of Afghanistan is committed to supporting the economic strongholds and domestic production of the country, and be sure that we are committed to the development of our production,” said Azizi.
He added that the Islamic Emirate focuses more on domestic industries and provides serious support to investors inside the country.
“I will say clearly that we are committed to providing all-round support to the private sector and we will expand this process,” Azizi added.
Officials from the Ministry of Economy also said the country is moving towards positive economic developments and that the Ministry supports private sector investments.
“We consider the private sector as a strong partner in the country’s economy and we are ready to increase the role of the private sector in the self-sufficiency of the country’s economy,” said Abdul Latif Nazari, the deputy economy minister.
At the same time, the Chamber of Industries and Mines also says that when domestic products and artisans are supported, investment in the country will increase.
“The country’s domestic production has been supported by the Islamic Emirate, but if the support is extended, the private sector will invest more in the country’s production [facilities],” said Sakhi Ahmad Paiman, Deputy Head of the Chamber of Industries and Mines.
“The government, the nation, and the private sector should use domestic products, and the private sector should also produce high quality [goods] in order to solve the existing problems,” said Khan Jan Alkozi, a member of the Chamber of Commerce and Investment.
There are currently about 40 factories operating in the iron smelting sector in the country.
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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