Business
Kyrgyzstan’s oil exports to Afghanistan surge 100-fold
Kyrgyzstan’s National Statistics Committee has reported a dramatic rise in the country’s oil exports to Afghanistan, with over 40 million liters of gasoline and fuel oil exported between January and December of last year.
According to the committee, this represents a 100-fold increase compared to the same period the previous year.
In 2022, Kyrgyzstan exported only 384,000 liters of fuel to Afghanistan, valued at $212,000, while in 2023, the exports surged to $18.5 million in value. The bulk of this fuel was reportedly delivered to Kunduz province in northern Afghanistan.
Afghanistan now accounts for more than 90 percent of Kyrgyzstan’s total oil exports, making it the primary recipient. Uzbekistan ranks second, having imported 2.5 million liters of fuel worth $1 million during the same period.
The average export price of gasoline was approximately $0.50 per liter. Kyrgyz officials clarified that the fuel exported to Afghanistan does not originate from Russia. Under a bilateral agreement with Moscow, fuels imported from Russia, specifically AI-92 and AI-95 grades are restricted to domestic use and are exempt from export.
These Russian-origin fuels are imported duty-free via Kazakhstan, helping to stabilize Kyrgyzstan’s domestic fuel prices at around $0.80 per liter.
According to the Kyrgyz Petroleum Traders Association, the fuel exported to Afghanistan and Uzbekistan primarily consists of AI-81 grade gasoline, along with fuel oil derived from locally extracted crude in the southwest of Kyrgyzstan.
In total, Kyrgyzstan imported approximately 630 million liters of fuel last year, valued at $277 million, with the majority sourced from Russia, and a smaller portion from Kazakhstan.
Business
‘Made in Afghanistan’ expo opens in Tashkent
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.
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.
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