Business
Afghanistan sells 20,000 tons of crude oil for $10.5 million
The Ministry of Mines and Petroleum on Sunday sold 20,000 tons of crude oil for $10.5 million, said acting Minister of Mines and Petroleum Shahabuddin Delawar.
The Ministry of Mines and Petroleum on Sunday sold 20,000 tons of crude oil for $10.5 million, said acting Minister of Mines and Petroleum Shahabuddin Delawar.
Speaking at a bidding ceremony, he said the oil was extracted from the Angut area of the Amu Darya oil field and was sold to a local company.
Delawar added that bidding for the extraction and exploration of 11 oil and gas blocks across an area of 23,000 square kilometers in Herat province will be held in the near future.
According to him, contracts will also be awarded for oil extraction in Katwaz area of Paktika Province.
Based on the rules of the Ministry of Mines and Petroleum, the winning companies are obliged to process crude oil inside the country, as it would provide job opportunities to locals.
Meanwhile, Delawar said that they are committed to using professional companies in the mining sector.
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.
-
Latest News5 days agoPakistan seeks Russian mediation to resolve Afghanistan tensions
-
Latest News5 days agoWorld must re-engage to prevent all-out Afghanistan-Pakistan war: Financial Times
-
Latest News2 days agoTajikistan shifts stance on Afghanistan amid rising border tensions
-
Latest News4 days agoAround 2.3 million tourists visited Afghanistan’s recreational areas during Eid: Ghufran
-
Sport4 days agoAfghanistan squad hit by withdrawals ahead of AFC Asian Cup Qualifiers
-
Latest News4 days agoIslamic Emirate releases American prisoner Dennis Coyle
-
Latest News3 days agoTwo civilians killed, eight injured in fresh shelling by Pakistan in Kunar
-
Latest News5 days agoAirstrike on Kabul drug rehabilitation centre sparks legal concerns
