Connect with us

Business

IEA seeks to expand economic ties with Central Asian countries

Published

on

Ministry of Industry and Commerce officials said on Wednesday they will increase efforts to expand economic relations with Central Asian countries in the coming year.

According to officials, Central Asian countries such as Uzbekistan, Turkmenistan and Kazakhstan are interested in expanding economic relations with Afghanistan.

Last week, Kazakhstan’s minister of trade visited Kabul and discussed the issue of expanding trade ties with the Islamic Emirate of Afghanistan (IEA).

“The two sides discussed increasing the level of trade between the two countries to $3 billion, building transportation infrastructure, railways, regional connectivity and investing in Afghanistan’s mineral resources,” Abdulsalam Jawad, the spokesman of the Ministry of Industry and Commerce, said.

Economic experts said that if Afghanistan can strengthen economic relations with Central Asian countries, it will have a positive effect on the economic situation of Afghanistan and the region.

“The more our economic relations with Central Asia expand, the more it will help Afghanistan’s economy and trade. Both Afghanistan and Central Asia will gain greatly. The Islamic Emirate should pay attention to this and if our relations with them expand, it will benefit Afghanistan,” Abdul Jabbar Safi, head of the Union of Industrialists, said.

Experts believe that Afghanistan can connect Central Asia to South Asia, and it plays an important role in expanding trade relations in the region.

“I think Afghanistan should start economic development from Central Asian countries, countries that have rich resources and will help Afghanistan’s economic system,” said Taj Mohammad Talash, an economic expert.

Officials of the Ministry of Industry and Commerce said that the expansion of cooperation in the fields of agriculture, mining, energy production and railway construction in Afghanistan will directly provide employment to thousands of citizens in the country.

Business

‘Made in Afghanistan’ expo opens in Tashkent

Published

on

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.

Continue Reading

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.

Published

on

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.

Continue Reading

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.

Published

on

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.

Continue Reading
Advertisement
Advertisement
Advertisement
Advertisement

Trending

Copyright © 2025 Ariana News. All rights reserved!