Business
IEA hoping to top $10 billion in trade volume with Iran over next few years
Acting Minister of Commerce and Industry says that they are trying to increase the volume of trade between Afghanistan and Iran to the value of $10 billion dollars in the next few years.
Nuruddin Azizi, who is part of the Afghanistan delegation in Iran, emphasized in a conversation with the Iranian media that both countries have the capacity to expand their economic relations and increase the volume of trade.
“Of course, the capacities that Afghanistan has and the capacities that are available in both countries, we want to increase Afghanistan’s trade up to $10 billion dollars in the next few years, as I said in my previous interviews, there is capacity on both sides, especially mineral resources, agriculture and industrial programs that we have in Afghanistan. Afghanistan has the ability to trade with Iran up to 10 billion dollars,” said Azizi.
At the same time, Mohammad Mehdi Jawanmard, an advisor to the Iranian president’s special envoy for Afghanistan, says that Iran wants to expand economic ties with Afghanistan. He also said that the culmination of the delegation’s visit to Iran will see both sides signing a number of memorandums of understanding to expand commercial and economic relations.
“Iran does not want to import raw natural resources from Afghanistan to Iran. We made this understanding with the Afghan side to the extent that it can be processed in Afghanistan and the final product transferred. We want to expand our commonalities and economic infrastructure, and they will visit different places during this trip, and finally the memorandums of understanding will be signed by Mr. Mullah Baradar (the IEA’s deputy prime minister of economic affairs) and Mr. Kazemi Qomi (Iran’s special envoy to Afghanistan),” said Mohammad Mehdi Jawanmard, an advisor to the Iranian president’s special envoy for Afghanistan.
Azizi meanwhile also emphasized the expansion of border cooperation between Iran and Afghanistan and added that in future they will try to establish a common border market between both countries so that the people of both sides can benefit from each other’s industry and skills without obtaining a visa.
On the other hand, the Deputy Prime Minister for Economic Affairs, Mullah Abdul Ghani Baradar and his accompanying delegation met with a number of Afghan businessmen and investors residing in Iran and assured them that the necessary facilities are available for them to come to Afghanistan and invest.
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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