Business
IEA’s finance ministry drafting ‘bigger budget’ for next year
The Finance Ministry of the Islamic Emirate of Afghanistan (IEA) said on Monday it has started drafting its budget for the next fiscal year, which will be bigger than this year’s budget.
A spokesman for the Ministry of Finance said they have received individual budgets from the various ministries and departments and are now working on the overall budget.
“Currently, an assessment is ongoing over the institutions’ requirements – whether or not we can pay. After the assessment is done, we will share the results with them. After that, it will go to the budget committee, then to the Cabinet and then to Amir-ul-Momineen (IEA supreme leader) for approval,” said Ahmad Wali Haqmal, a spokesman for the finance ministry.
He said that next year’s budget is expected to be higher than this year’s.
According to the official, domestic revenues have substantially increased, and it could increase further with higher levels of trade with neighboring countries.
“Our exports surpassed $1 billion in eight months since the beginning of this year, which is unprecedented. Situation is improving day by day. There are new facilities at the customs [ports]. Some customs are operating 24 hours a day. Processing has been made easy. Corruption has been stopped,” Haqmal said.
IEA’s budget for this fiscal year is 231 billion afghanis, including 206 billion afghanis for ordinary expenses and 27.9 billion afghanis for development projects. There was however a total 44 billion afghanis deficit.
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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.
Business
New Afghanistan-China transport corridor launched via Turkmenistan
A new multimodal freight corridor linking China and Afghanistan via Turkmenistan has been officially launched, aiming to improve the speed and efficiency of overland cargo transportation across Central Asia.
According to the Turkmenistan Embassy in London, the country has become part of a newly established route designed to accelerate freight deliveries between China and Afghanistan.
The corridor, developed with the involvement of Uzbekistan Railways’ subsidiary Uztemiryulcontainer, covers approximately 7,400 kilometers and is expected to reduce transit time to around 30 days, improving overall logistics efficiency.
Under the new route, containers are transported by rail from China through the Altynkol station in Kazakhstan, continuing via Uzbekistan to a logistics hub in Bukhara. From there, cargo is transferred to road transport and moved across Turkmenistan before reaching Herat in Afghanistan.
Officials say the new system integrates rail and road networks into a unified logistics chain, making transport more predictable and efficient.
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