Connect with us

Business

IEA directs commission to take urgent steps to stabilize Afghan currency

Published

on

The Islamic Emirate of Afghanistan (IEA) on Monday held a minister’s council meeting at the Presidential Palace to find ways to stabilize the weakening Afghan currency.

IEA deputy spokesman Inamullah Samangani said in a tweet that the council directed the economic commission headed by Mawlawi Abdul Salam Hanafi to take urgent steps to stabilize the Afghani against the US dollar in coordination with all economic institutions.

“The commission was also tasked to take serious steps to prevent the smuggling of dollars, the spread of fake Afghan currency and eliminate other factors that have a negative impact on the value of the Afghan currency, and continue to urgently identify ways to stabilize the Afghan currency,” Samangani tweeted.

Meanwhile, Afghanistan’s Central Bank is meeting with money exchangers, commercial banks and business leaders on Tuesday in the hope of also finding ways to stabilize the value of the Afghani – which has fallen sharply in the last week against the US dollar.

This worrying drop in value of the Afghani against the dollar comes amid a deepening economic and humanitarian crisis and has led to a sharp increase in the price of goods, including essential items like food and fuel.

Officials from the Money Exchange Union in Sarai Shahzada, (Afghanistan’s largest money exchanging market) said on Monday the exchange rate was 123 AFN to the dollar, after sliding from 110 AFN to the dollar on Sunday.

A month ago, it was under 90 AFN to the dollar.

Union officials said part of the problem was due to rumors being spread by some money changers, who have since been let go.

On Monday, the market’s “Boli” section, which determines the value of the AFN and deals with large transactions, was closed.

Meanwhile, local media reported on Tuesday that a money changer suffered a stroke inside his shop in Farah province following the drop in value of the AFN.

According to shop owners in the area, the money changer had owed a significant amount of money to lenders and died as the AFN dropped.

Business

Afghanistan invites Turkish investors to expand joint investments

Participants stressed the importance of increasing private sector cooperation and creating new opportunities to boost trade and investment between Afghanistan and Türkiye.

Published

on

A high-level Afghan business delegation, led by the Chairman of the Balkh Chamber of Commerce and Investment, Mohammad Ibrahim Ghazanfar, participated in the Afghanistan–Türkiye Joint Business Council meeting in Istanbul, calling for expanded joint investment and stronger economic cooperation between the two countries.

According to a statement from the Balkh Chamber of Commerce and Investment, Ghazanfar invited Turkish investors and industrialists to explore investment opportunities across various sectors in Afghanistan, emphasizing the country’s potential for mutually beneficial partnerships.

The meeting brought together business leaders, investors, and private sector representatives from both Afghanistan and Türkiye to discuss ways to strengthen bilateral trade and economic ties.

During the event, several cooperation agreements were signed between Afghan and Turkish economic institutions. The agreements are aimed at expanding commercial relations, promoting joint investment projects, and enhancing economic cooperation between the two countries.

The meeting was chaired by Süleyman Güllü, Chairman of the Türkiye–Afghanistan Joint Business Council, and was attended by Mohammad Akbar Azimi, the Islamic Emirate of Afghanistan’s Consul General in Istanbul, along with a number of businessmen and investors from both countries.

Participants stressed the importance of increasing private sector cooperation and creating new opportunities to boost trade and investment between Afghanistan and Türkiye.

Continue Reading

Business

Afghanistan chamber, India’s ASSOCHAM sign MoU to enhance trade and investment cooperation

Published

on

The Afghanistan Chamber of Commerce and Investment (ACCI) and the Associated Chambers of Commerce and Industry of India (ASSOCHAM) have signed a memorandum of understanding (MoU) aimed at strengthening bilateral trade, investment, and business cooperation between India and Afghanistan.

The agreement was signed in New Delhi by Saurabh Sanyal, Secretary General of ASSOCHAM, and Sayed Mohammad Karim Hashemi, Chairman of ACCI, during a meeting between business leaders from the two countries, ASSOCHAM said in a statement.

The Afghan delegation, led by Hashemi, held discussions with Nirmal Kumar Minda, President of ASSOCHAM, and other officials on ways to expand bilateral trade, investment flows, and private-sector cooperation.

According to ASSOCHAM, the MoU seeks to strengthen institutional collaboration, promote business-to-business linkages, and facilitate greater trade and investment opportunities between India and Afghanistan.

The organization said it remains committed to fostering stronger economic ties and creating new avenues of cooperation between the business communities of both countries.

 

Continue Reading

Business

Kazakhstan signs $18.8 million zinc ore supply agreement with Afghan company

Published

on

Kazakhstan has signed a major zinc ore supply agreement with an Afghan company as the two countries continue to expand economic cooperation and trade ties.

According to Kazakhstan’s Ministry of Trade and Integration, the contract was signed between Kazakhstan’s ShalkiyaZinc and Afghanistan’s Afghan German Bakhtar Company during the opening of the Kazakhstan Trade House in Kabul.

The signing took place as part of an official business mission led by Kazakhstan’s Deputy Prime Minister and Minister of National Economy, Serik Zhumangarin.

Under the agreement, Afghan German Bakhtar Company will supply approximately 30,000 tons of zinc ore annually on DAP (Delivered at Place) terms. The ore will be used as raw material for the production facilities of Kazakhstan’s Kazzinc. The total value of the contract is estimated at $18.88 million.

The deal marks a significant step in diversifying trade relations between Kazakhstan and Afghanistan, moving beyond traditional agricultural exports into the mining and industrial sectors.

“Afghanistan today is a market of opportunities,” said Kanat Kudaibergen, Chairman of the Board of GWM Capital LTD. He noted that while Kazakhstan’s exports to Afghanistan have historically consisted mainly of flour, grain, sunflower oil, and other agricultural products, demand is increasingly growing for machinery, equipment, and service solutions in agriculture, construction, and mining.

Kudaibergen expressed confidence that the newly established Trade House in Kabul would serve as an important platform for developing new business projects and expanding Kazakhstan’s non-resource exports.

The agreement follows recent discussions between Kazakh officials and Afghanistan’s leadership, including Prime Minister Mohammad Hasan Akhund and Deputy Prime Minister Abdul Ghani Baradar, during which Kazakhstan expressed interest in sourcing zinc ore from Afghanistan.

Preparations for the deal began last year when specialists from Tau-Ken Samruk visited Afghanistan’s Bamyan province to assess the Pami-Kakrak zinc deposit. Samples collected during the visit were later analyzed by Kazzinc, which confirmed the feasibility of processing the ore at Kazakh facilities.

Economic relations between the two countries have been steadily strengthening. Kazakhstan’s Ministry of National Economy reported that bilateral trade reached $541.8 million in 2025. Both governments have set an ambitious target of increasing annual trade turnover to $3 billion in the coming years.

Continue Reading
Advertisement
Advertisement
Advertisement
Advertisement

Trending

Copyright © 2025 Ariana News. All rights reserved!


Warning: Undefined array key "slug" in /var/www/vhosts/ariananews.af/httpdocs/wp-includes/class-wp-theme-json.php on line 2117

Warning: Undefined array key "slug" in /var/www/vhosts/ariananews.af/httpdocs/wp-includes/class-wp-theme-json.php on line 2117

Warning: Undefined array key "slug" in /var/www/vhosts/ariananews.af/httpdocs/wp-includes/class-wp-theme-json.php on line 2117