Business
US House passes bill to stop financial aid to Islamic Emirate of Afghanistan
Abdul Latif Nazari, Deputy Minister of Economy, characterized the legislation as part of a broader pressure campaign.
The U.S. House of Representatives has passed new legislation aimed at increasing oversight and restricting financial aid to Afghanistan, specifically to prevent the Islamic Emirate government from gaining access to U.S. taxpayer-funded assistance.
The bill, co-sponsored by Representative Tim Burchett, outlines three core objectives: blocking the Islamic Emirate of Afghanistan (IEA) from accessing financial and material support, increasing transparency around cash assistance programs, and closely monitoring the Afghanistan Trust Fund (ATF) and the Central Bank of Afghanistan.
“This bill is about protecting American resources and ensuring they do not fall into the hands of those who undermine international norms,” Burchett said during floor debate.
The House Foreign Affairs Committee praised the bill as a necessary corrective, referencing reports that millions in aid may have entered Afghanistan with insufficient oversight following the U.S. military withdrawal.
Under the new law, the State Department is required to establish mechanisms to prevent humanitarian aid from being misused and to provide detailed, recurring updates to Congress on these measures.
The Islamic Emirate rejected the bill, calling it interference in Afghanistan’s internal affairs. Spokesperson Zabihullah Mujahid said the Ministry of Economy administers humanitarian aid with fairness and independence, and accused the U.S. of politicizing relief efforts.
Abdul Latif Nazari, Deputy Minister of Economy, characterized the legislation as part of a broader pressure campaign.
He insisted that Afghanistan’s economy could endure without U.S. assistance, pointing to ongoing efforts toward economic self-sufficiency. Even if the aid stops, our economy will rely on domestic sources, he said.
However, independent analysts warn that any sharp reduction in international aid could significantly undermine humanitarian operations in a country still grappling with high poverty, food insecurity, and economic instability. Several NGOs and aid agencies reliant on U.S. funding have already scaled back operations.
The legislation also signals a more assertive policy shift under President Donald Trump, whose administration has prioritized a security-first, results-driven approach to engagement with Afghanistan.
With declining foreign support and strained diplomatic relations, Afghanistan’s economic future—and its ability to maintain basic services—now faces a period of deep uncertainty.
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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