Business
Saffron producers appeal for global exports to resume
Afghanistan’s Saffron Producers Union on Saturday called on the Islamic Emirate of Afghanistan (IEA) to help restart the saffron production and export sector, which came to a grinding halt due to the coronavirus pandemic and the change in government.
Officials from the union said that unless something is done to restart business, the saffron industry could collapse.
They said that now, without commercial cargo flights into Afghanistan, their international market flow has dried up.
“We had products, but stopped because of COVID-19. Our products and exports have been stopped. If there is no [export] corridor for us saffron production will be stopped,” said Abdul Basir Azimi, an exporter of saffron.
Officials of the Chamber of Agriculture and Livestock meanwhile called on the Islamic Emirate of Afghanistan (IEA) to find a market for domestic products.
“Our saffron was ranked number one in the world several times, but now faces problems. Export environment should be provided for saffron,” said Mirwais Hajizada, deputy head of the chamber.
Economic analysts meanwhile urged the Ministry of Agriculture, Irrigation and Livestock (MAIL)
to support the export of domestic products.
“We have seen that some of our products have a special place in global markets, and have many customers in the world. Now the market for products has disappeared. The basic problems should be solved,” said Saeed-ur-Rahman Imran, an economic analyst.
Afghanistan’s saffron is a valuable revenue generator for the country and the industry employs hundreds of thousands of workers directly and indirectly.
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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