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Kazakhstan pledges $500 million investment in Torghundi–Herat railway project

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Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, met on Friday with the Prime Minister of Kazakhstan Olzhas Bektenov in Khankendi, Azerbaijan, where both sides discussed political, economic, and trade issues between Afghanistan and Kazakhstan, the Afghan deputy PM’s office said in a statement.

At the meeting, the Prime Minister of Kazakhstan announced that his country will soon begin the Torghandi-Herat railway line project in Afghanistan, with an investment valued at $500 million.

Bektenov also expressed Kazakhstan’s interest in investing in Afghanistan’s mining sector and said that Kazakhstan is ready to increase imports of Afghan fruit and facilitate Afghanistan’s exports through Kazakh territory.

He emphasized that Kazakhstan is one of the top ten countries with the highest trade relations with Afghanistan and they are committed to expanding these relations.

Bektenov also stated that his country maintains good relations with Afghanistan, and to strengthen these ties, the Kazakh Foreign Minister will soon visit Kabul.

During the meeting, Abdul Ghani Baradar described Kazakhstan as an important and reliable regional partner for Afghanistan and called the appointment of Kazakhstan’s special representative for Afghanistan a valuable step.

Baradar expressed gratitude to Kazakhstan for supporting Afghanistan in international forums and said Afghanistan serves as an important transit route for Kazakhstan to the Middle East and South Asia.

According to him, Kazakhstan can connect Afghanistan to Europe, and therefore, Kazakhstan should take advantage of existing opportunities in investment, trade, railway projects, and transit affairs.

He also considered the signing of the agricultural products preservation and quarantine agreement between the two countries important for increasing bilateral trade volume to $3 billion.

Baradar stressed facilitating visa issuance for Afghans and the opening of Afghan bank accounts in Kazakhstan’s Zaman and Freedom Banks.

He assured that Afghan banks are fully prepared for these collaborations.

Baradar noted that Afghanistan has initiated the establishment of an operational company for imports and exports via railways to expand bilateral trade and will soon introduce it to Kazakhstan.

He added that a draft agreement on international transport and transit between the two countries has been prepared, serious discussions are underway regarding tariff reductions on transit goods, and cooperation agreements in industrial, trade, and transport sectors with Iran, Kazakhstan, and Turkmenistan have been formulated, with Kazakhstan’s cooperation being significant in these areas.

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‘Made in Afghanistan’ expo opens in Tashkent

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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.

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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.

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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.

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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.

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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.

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