Business
Budget of 1396 Fiscal Year Finalized: Hakimi
Officials in Ministry of Finance have stated that the budget for the fiscal year of 1396 has been finalized and soon it will be sent to National assembly of Afghanistan for further approval, saying considering the high level of financial aids of the International community given to Afghanistan at Brussels summit no financial issues would occur incoming year.
Meanwhile Minister of Finance expressed his concerns over poor management and not consuming the budget allocated for the year of 1395.
Minister of Finance Iklil Hakimi who was invited by the upper house members to provide more details over receiving the International community financial aids for Afghanistan said,” Draft budget for the 1396 fiscal year has been finalized, and soon it will be sent to Afghanistan National Assembly for further approval, our demand from the International community was to dump all the financial aids to Afghanistan accounts where most of the our desire was granted.”
Minister of Finance Iklil Hakimi has expressed his concerns over the Ministries who failed to consume the budget of 1395, necessary measurements will be adopted about the Ministries.
“Details of not spending the budget for fiscal year of 1395 should be discussed, President with the consultation of the National Assembly of Afghanistan will decide about those Ministers who have failed to consume the allocated budget Minister of Finance told to senators.”
We have few months to end the year of 1395 and begin the fiscal year of 1396 but most of the Ministries have spent their allocated development projects less than 40 percent, this has created a new barrier for reaching the promotion and development in the country.
Reported by Rafi Sediqee
Business
Afghanistan, Uzbekistan sign $400 million trade deals in push to deepen ties
The agreements span multiple sectors, including textiles, raw materials, pharmaceuticals and other key industries.
Afghanistan and Uzbekistan have signed 20 commercial agreements worth more than $400 million, marking a significant step toward expanding economic cooperation between the two neighboring countries.
The deals were finalized during a high-level business meeting in Uzbekistan’s Fergana Province, where Afghan and Uzbek private sector representatives gathered as part of an official Afghan trade delegation visit.
The agreements span multiple sectors, including textiles, raw materials, pharmaceuticals and other key industries.
The Afghan delegation was led by Zalgai Azimi, deputy for investment at the Afghan Chamber of Commerce, and included senior business figures such as Abdullah Rahimi, Syed Ahmad Noorzad, Ubaidullah Hotak, and Deputy Chief Executive Mirzaman Popal. Participants from both sides highlighted the importance of strengthening cross-border trade and building long-term commercial partnerships.
As part of the visit, Afghan delegates toured major industrial facilities in Fergana Valley to assess Uzbekistan’s manufacturing capacity and explore opportunities for future collaboration.
The agreements come as Afghanistan seeks to boost regional connectivity and revive its economy following years of conflict, isolation and economic disruption.
Trade with Central Asian neighbors—particularly Uzbekistan—has become increasingly important, with both sides investing in transport links, energy cooperation and cross-border markets.
Uzbekistan has positioned itself as a key economic partner for Afghanistan in recent years, supporting infrastructure projects and promoting trade corridors that connect South and Central Asia.
Analysts say deals of this scale could help generate jobs, increase exports and gradually integrate Afghanistan more deeply into regional supply chains.
The latest agreements signal growing momentum in bilateral relations, as both countries look to translate geographic proximity into stronger economic interdependence.
Business
Afghanistan, Kyrgyzstan aim to boost trade to $1 billion
Both sides welcomed the steady growth in trade between the two countries in recent years and agreed on the strategic goal of increasing bilateral trade to reach $1 billion.
Afghanistan’s Minister of Industry and Commerce, Nooruddin Azizi, met with Kairat Tursunkulov, Deputy Foreign Minister of Kyrgyzstan, in Kabul this week to discuss ways to strengthen economic and trade ties between the two countries.
The meeting was also attended by Turdakun Sadykov, Kyrgyzstan’s ambassador to Afghanistan.
Azizi expressed appreciation for Kyrgyzstan’s participation in the recent Afghanistan–Central Asia consultative meeting and underlined the importance of expanding bilateral trade and economic cooperation.
Tursunkulov described Afghanistan and Kyrgyzstan as “brotherly nations” with strong cultural connections. He extended an invitation for Azizi to visit Kyrgyzstan to further enhance collaboration.
Both sides welcomed the steady growth in trade between the two countries in recent years and agreed on the strategic goal of increasing bilateral trade to reach $1 billion.
In addition, Azizi highlighted ongoing construction projects in Kyrgyzstan and suggested that Afghan construction companies and skilled workers could contribute their expertise to support development efforts in the country.
Business
Kazakhstan eyes rare metals mining projects in Afghanistan and Rwanda
As Kazakhstan looks to expand its global mining footprint, the exploration of rare metals in Afghanistan and Rwanda marks a significant step towards diversifying its mining interests.
Kazakhstan is actively exploring mining opportunities in Afghanistan and Rwanda, focusing on rare metals, as part of a broader strategy to expand its resource development portfolio. According to a report by Kazinform, Tau-Ken Samruk, Kazakhstan’s national mining company, is conducting laboratory studies on mineral samples obtained from both countries.
The announcement was made by Iran Sharkhan, Kazakhstan’s Vice Minister of Industry and Construction, during the Geoscience & Exploration Central Asia 2026 event. Sharkhan emphasized the substantial resource potential in Afghanistan and Rwanda, noting that current efforts are directed towards evaluating the legal and regulatory frameworks in these countries, as well as verifying the geological prospects before proceeding with potential mining operations.
The laboratory testing, which is taking place at Tau-Ken Samruk’s facilities and additional labs in Kazakhstan’s Karaganda region, involves comprehensive analysis of base metals, rare metals, and rare earth elements from the two countries. These tests will determine the viability of large-scale mining operations in the future.
Sharkhan further indicated that if the laboratory results confirm promising geological findings, more detailed plans for mining projects will be disclosed in the coming months.
The report also highlighted that Kazakhstan’s major mining companies have already invested nearly 150 billion tenge into scientific research in the country’s mining sector, reinforcing the nation’s commitment to advancing its mining industry on both the local and international stages.
As Kazakhstan looks to expand its global mining footprint, the exploration of rare metals in Afghanistan and Rwanda marks a significant step towards diversifying its mining interests.
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