Business
Cotton factories ‘owed’ $30 million by Pakistan: Kandahar Chamber
Owners of cotton processing factories in Kandahar said this week that Pakistan is holding back about $30 million dollars owed to the sector in a bid to put them out of business.
According to Sayed Sarwar Amani, the head of the Kandahar Chamber of Commerce and Industries, due to restrictions on banking, Pakistan has failed to pay about $30 million owed to factories in the province.
“Our banking system is defective, we have problems, the banking remittances are closed, especially Pakistan is using this unfairly, it means that a lot of money from our cotton sector which is about $30 million is blocked in Pakistan.
“I can say that they are not paying us the money of 24 factories by referral nor through the banking system nor by TT (telegraphic transfer),” Amani said.
There are 24 cotton processing factories in Kandahar which processed approximately 400,000 tons of cotton last year.
However, due to the challenges faced by the sector, this has dropped to only about 200,000 tons this year.
Chamber officials said Pakistan is trying to create problems for the owners of these factories in order to put them out of business.
Factory owners meanwhile said that a shortage of electricity to their industrial parks was also a major challenge.
Yar Mohammad Rahmani, the owner of one cotton factory, said: “Our main problem is electricity, before the coming of the Islamic Emirate we used to have generators here with 10-Megawatt electricity but we don’t have that now; now we are using solar power and (electricity generated from) Kajaki Dam,” he said adding that factories in the industrial plant got electricity only on alternate days.
Power “is provided one day to the north side of the park and one day to the south, I can say that electricity is our main problem,” he said.
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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