Business
Price hike adds to humanitarian crisis in Afghanistan
Grain prices in Afghanistan have kept soaring due to the sanctions imposed by the United States and the ongoing conflict between Russia and Ukraine, adding to the aggravated humanitarian crisis suffered by the Afghan people, CCTV reported.
Abdul Shukoor is a vegetable vendor who has been living at a hillside settlement named Demazang north of downtown Kabul for 20 years with his family.
Resulting from the poor living conditions on the hill, the local residents are suffering severe water shortage and therefore are forced to carry drinking water uphill with donkeys each day, read the report.
Frequent power outage is another issue upsetting the locals.
A China Central Television (CCTV) reporting crew has recently paid a visit to Abdul Shukoor’s home — a room measuring less than 10 square meters which houses 10 family members.
“I have two sons and six daughters. One of my sons died from illness. I can only make 5,000 to 6,000 Afghanis (around 56 to 67 U.S. dollars) each month, which is far from being enough to support the livelihood and subsistence of my family and to taking good care of my kids,” said Shukoor.
His late son passed away one month ago from cancer as a result of lacking money.
“My son who died was 18 years old this year. He was diagnosed with cancer a year ago and I don’t have enough money to take him to Pakistan or India for treatment. I lost my son because I don’t have money,” said Shukoor.
He said he borrowed a total of 300,000 Afghani (around 3,375 U.S. dollars) to take his son to doctors and now he has not paid the house rent for months. And the food price hike has added to the family’s hardship.
Some 19.7 million people, almost half of Afghanistan’s population, are facing acute hunger, according to the Integrated Food Security Phase Classification (IPC) analysis conducted in January and February 2022 by Food Security and Agriculture Cluster partners, including the Food and Agriculture Organization of the United Nations (FAO), the United Nations World Food Program (WFP) and many NGOs.
The analysis also pointed out that the Russia-Ukraine conflict continues to put pressure on Afghanistan’s wheat supply, food commodities, agricultural inputs, and fuel prices.
According to a grain ship owner named Shafi, the prices of rice and flour have more than doubled compared with six months ago.
“The rice price was some 70 to 100 Afghanis (around 0.8 to 1.1 U.S. dollars) per kg and it has now surged to about 150 to 200 Afghanis (around 1.7 to 2.2 U.S. dollars) per kg. The best quality rice is now sold at 180 to 200 Afghanis (about two to 2.2 U.S. dollars) per kg,” Shafi told the CCTV.
Following the withdrawal of U.S. troops from Afghanistan in August last year, the U.S seized seven billion U.S. dollars worth of frozen assets of the Afghan central bank, which has aggravated the humanitarian crisis in the country.
“The money frozen by the U.S. government belongs to the Afghan people. They should not have done that because the money is property of our people. What the U.S. cares about is only to maximize interests for itself, and it has done nothing conducive to the Afghan people. If they were here to help us, then why have we still been living in shabby houses like this and seeing nothing improved in our lives. The U.S. came here to pursue their own interests instead of helping the poor here,” said Shukoor.
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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