Business
Silk Road’s Khunjerab Pass opens up to Afghan-China trade
The first ever overland consignment of goods from China to Afghanistan via Pakistan’s Khunjerab Pass in the Gilgit-Baltistan region got underway this week.
A ceremony to mark the occasion was held in Gilgit-Baltistan region on Monday and attended by Pakistani officials.
The President of Pakistan’s Frontier Custom Agents Association (FCAA), Zia-ul-Haq Sarhadi said that this development will not only increase the volume of trade at a regional level, but will also create a large number of livelihood opportunities for people associated with customs clearance, goods transportation, fuel business, daily wagers etc, the Associated Press of Pakistan reported.
The first consignment started its journey from Kasghar, China and after crossing over to Pakistan it was transported via the Khunjerab Pass to Kabul in Afghanistan. This transit route will reduce overland travel time by almost 70% and will reduce logistics costs by more than 30%, Sarhadi said.
Sarhadi who is also the Director of the Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) said that the utilization of the Silk Route by China for transportation of goods to Afghanistan would also be beneficial for early operationalization of the major CEPC project.
Pakistan’s Express Tribune newspaper reported that the first consignment consists of an assortment of dry fruits.
“This inaugural ceremony reflects a monumental step towards fostering stronger ties between nations and promoting cross-border trade,” said Gilgit-Baltistan Chief Secretary Mohyuddin Wani.
“By facilitating the movement of goods from China to Afghanistan via Pakistan, the TIR agreement stands as a testament to the potential of cooperative initiatives in boosting economic growth and regional stability.”
The Ministry of Industry and Commerce of Afghanistan also said on X that the new trade route will reduce the travel time by 70 percent and reduce costs by 30 percent.
The Khunjerab Pass is the highest paved international border crossing in the world and the highest point on the Karakoram Highway.
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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