Business
Donors still to decide on shifting frozen funds for Afghanistan
Donors to the World Bank-administered Afghanistan Reconstruction Trust Fund (ARTF) have agreed to decide about a transfer of funds to humanitarian aid agencies by December 10, a World Bank spokesperson said on Friday.
The World Bank’s board this week backed transferring $280 million from the $1.5 billion trust fund, which was frozen after the Islamic Emirate of Afghanistan (IEA) took over the Afghan government in August, to the World Food Programme and UNICEF, Reuters reported on Wednesday, citing sources familiar with the plan.
The World Bank spokesperson gave no details on the proposal, but said ARTF donors met on Friday and agreed to make a decision on transfers out of the fund in one week.
No further details about the ARTF meeting were immediately available.
The U.S. Treasury Department had no comment.
Afghanistan’s 39 million people face a collapsing economy, a winter of food shortages and growing poverty since the Taliban seized power at the end of August as the last U.S. troops withdrew from 20 years of war.
Afghan experts have said the aid would help, but big questions remain, including how to get funds into Afghanistan without exposing any financial institutions involved to U.S. sanctions.
Business
Afghanistan signs $46 million deal to develop standard laboratory complexes
The Office of Mullah Abdul Ghani Baradar has announced a contract worth over $46 million for the construction and outfitting of standard laboratory complexes in Kabul and nine major ports across Afghanistan.
The agreement, signed Wednesday at the Government Media and Information Center, was finalized between Faizullah Tamim, head of the Standards and Quality Authority, and representatives of the Indian international firm TCRC, according to a statement from the Deputy Prime Minister for Economic Affairs Office.
Under the five-year deal, TCRC will establish modern laboratory complexes in the capital and key ports, install advanced equipment, renovate existing facilities, and introduce foreign specialists to strengthen the professional capacity of the authority’s staff.
The project will also provide domestic and international training programs for technical employees and support efforts to secure internationally recognized quality certifications from the International Organization for Standardization (ISO).
Officials said the initiative aims to improve Afghanistan’s quality control systems and enhance standards infrastructure nationwide.
Business
Ariana Afghan Airlines lowers cargo rates on Kabul–Delhi route to boost exports
Business
Afghanistan, Uzbekistan sign 13 trade MoUs worth over $100 million
Thirteen trade and investment memorandums of understanding (MoUs) worth more than $100 million were signed between private sector representatives of Afghanistan and Uzbekistan during a conference held in Kabul on Saturday.
The conference, which brought together business leaders and officials from both countries, focused on expanding bilateral economic cooperation, increasing trade volume, and identifying new investment opportunities.
Speaking at the event, Nooruddin Azizi, Minister of Industry and Commerce of Afghanistan, said economic relations between Afghanistan and Uzbekistan have gained notable momentum in recent months. He stressed that Afghanistan is actively working to strengthen regional trade ties and create a more favorable environment for investors.
Azizi added that Afghanistan offers significant investment potential, particularly due to its available workforce and emerging opportunities across multiple sectors, and is ready to welcome joint ventures with foreign partners.
Officials from the Ministry of Industry and Commerce of Afghanistan said the government has facilitated around $2 billion in investment across various sectors over the past year, reflecting growing investor interest in the country’s economy.
The Uzbek delegation also reiterated its commitment to expanding economic relations with Afghanistan, describing the agreements as an important step toward deeper regional cooperation.
Amanbay Orynbayev, head of Uzbekistan’s Karakalpakstan delegation, said his country places strong emphasis on long-term, transparent, and reliable economic partnerships. He encouraged Afghan traders to take advantage of joint investment opportunities to access new regional markets.
The Afghan private sector welcomed the agreements, expressing hope that increased trade engagement and business exchanges will further strengthen economic ties between the two neighboring countries.
Officials noted that the total value of agreements signed between Afghanistan and Uzbekistan has now exceeded $1.5 billion. If implemented effectively, these commitments are expected to contribute to increased trade flows and broader economic growth in Afghanistan.
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