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Private company officially starts extraction of chromite in Khost

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The Department of Mines and Petroleum of the Islamic Emirate of Afghanistan (IEA) has announced the start of chromite mining in Khost province, in the Tani district.

Mohammad Sadiq Hamza, head of mines and petroleum in Khost, told the media on Sunday that work to extract chromite has started after a local company was given a five-year contract.

Hamzah said over this five-year period, 21,000 tons of chromite ore will be extracted.

He said government will get 215 million afghanis from the proceeds.

“One ton of it (chromite) has been set at 10,000 afghanis, and in total, 21,500 tons of chromite will be extracted from this mine in the course of five years, and the revenue of 215 million afghanis will be gained,” said Hamza.

The ministry of mines said recently that an assessment of 650 mines had been carried out and that contracts would be awarded to local and foreign companies to start mining operations.

Mining companies have meanwhile said that the emerging process around mining in the country is an improvement as in the past, minerals were extracted illegally and money went into the pockets of individuals. Now however, the sector is being standardized and regulated and contracts are awarded to companies in a transparent and fair way.

Abdul Latif Wahedi, the operations manager of Nefrait Sharq, the company that won the contract for the chromite mine, said: “These contracts are now given to the companies in a transparent manner, and you can see that now every mine in different provinces is extracted in a standardized way, and with this, the government’s income will increase on the one hand, and on the other hand, job opportunities will be provided.”

Khost provincial officials meanwhile said that another two mines will also start up in the near future.

Mawlavi Mohammad Anwar Din Parwar, deputy governor of Khost, said that “in the coming days, you will witness the opening of two more mines in Khost province.”

Chromite is the only source of chromium and is used in the steel industry.

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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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Turkmenistan, Afghanistan discuss steps to speed up land acquisition for TAPI pipeline

By the end of the year, the vessels are expected to deliver about 11,700 pipes as part of preparations for construction of the TAPI pipeline.

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Officials from Turkmenistan and Afghanistan have held talks aimed at accelerating land acquisition for the long-planned Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline, according to Afghanistan’s Ministry of Agriculture, Irrigation, and Livestock.

The issue was discussed during a meeting between TAPI project head Murad Amanov, Afghanistan’s acting Minister of Agriculture, Irrigation, and Livestock Mullah Attaullah Omari, and Turkmenistan’s ambassador to Afghanistan Hoja Ovezov.

Amanov briefed Afghan officials on recent progress and emphasized the need to accelerate procedures related to land acquisition and the determination of land prices in line with the framework agreement signed by the four participating countries.

Meanwhile, vessels operated by the Azerbaijan Caspian Shipping Company (ASCO), part of AZCON Holding, have begun transporting pipes for the project. The shipments are being carried from the Port of Baku to the Turkmenbashi International Seaport.

By the end of the year, the vessels are expected to deliver about 11,700 pipes as part of preparations for construction of the TAPI pipeline.

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