Business
Despite ongoing challenges Herat’s Pashdan Dam is close to completion
The Afghanistan National Water Affairs Regulation Authority (NWARA) said Friday at least 85 percent of construction work on the Pashdan Dam has so far been completed.
The dam, which made the news earlier this month after being attacked by Taliban, is one of the National Water Affairs Regulation Authority’s key projects for this solar year.
Work on the dam, on the Hari River in Karkh district of western Herat province, started 10 years ago. Once complete it will hold 40 million cubic meters of water and will generate 2MW of electricity and irrigate at least 13,000 hectares of land.
Plagued by problems, construction work at the site stopped for three years before being resumed last year but in November, reports indicated that Taliban insurgents had warned officials and workers at the dam to stop work on the project.
The group reportedly told dam officials the project had not been approved by the Taliban, so work should be stopped – which did not happen.
But earlier this month, Taliban attacked the dam, killing three security personnel, and wounding one other. Four security personnel are still missing.
NWARA officials meanwhile said that once the dam is complete, water will be fed to Herat city, where it will be used to irrigate the greenbelt around the city and supply potable water to residents.
The Afghan government is funding the $117 million (8.9 billion AFN) project.
This is one of a number of dams currently under construction in the country – to not only provide water to local communities but also to help increase power supply.
Earlier this week, another key dam was inaugurated by President Ashraf Ghani and his two deputies, Amrullah Saleh and Sarwar Danish.
The Kamal Khan dam in southern Nimroz province, was widely welcomed by residents who will also benefit from irrigation canals to help water crops.
The Kamal Khan dam will not only generate at least nine megawatts of electricity for the local community but will also irrigate over 180,000 hectares of land.
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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