Business
Three Afghan-Pakistan borders set to reopen for trade
Afghanistan and Pakistan have agreed to reopen three key border crossings for trade traffic between the two countries from Monday.
According to Pakistan media, the border crossings are Torkham, Chaman, and Ghulam Khan, which have mostly been closed since March as part of broad-based lockdown measures by both countries amid the ongoing Coronavirus pandemic.
Dawn news reported on Saturday that a notification issued late Friday night by the Pakistan Ministry of Interior stated: “I am directed to refer to this ministry’s letter of even no dated May 1, 2020, on the subject cited above and to convey that competent authority has approved management of Afghan transit/bilateral trade and pedestrian movement along Pak-Afghan border with effect from June 22.”
The notification stated the planned opening would be for import and export traffic and an “unlimited number of trucks will be allowed per day for both Afghan transit and bilateral trade: while ensuring all COVID-19-related standard operating procedures and protocols” are followed.
According to the report, trade traffic will be allowed to transit six days a week, except Saturday. On that day the borders will be open for pedestrian traffic.
“Saturday will be reserved for pedestrian movement only at Torkham, Chaman and Ghulam Khan border terminals”, the notification read.
Afghanistan’s Ambassador to Pakistan Atif Mashal, who confirmed to Xinhua news that the crossings would reopen for trade, said this means Afghan traders will be able to resume the export of their fresh produce.
“It is the peak time for Afghan exports of fresh fruits and vegetables as both are now ready for export,” Mashal said.
In addition, a Pakistani official in North Waziristan, told Xinhua, that officials of the two countries had agreed on procedures and regulations for the cross-border trade in view of the Covid-19 pandemic.
Officials reportedly agreed that truck drivers and all involved in the cross-border trade will follow strict standard operating procedures to contain the spread of the virus and that drivers will undergo tests at the quarantine centers established on both sides of the border.
This move comes just days after Afghan traders raised their concerns over the continued trade restrictions which they said had caused them huge losses.
Earlier this week, the Afghan Traders’ Union chairman, Omaid Haidari, told Anadolu Agency that the border closures had cost Afghan traders more than US$100 million.
He also stated that while Afghan traders had been barred from entering Pakistan amid the Coronavirus outbreak, Pakistan continued to export goods to Afghanistan.
Haidari said that hundreds of trucks loaded with fresh fruits and vegetables destined for Pakistan and India had been stranded for months at the main Chaman and Torkham border crossings.
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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