Business
Afghanistan’s Central Bank slates US plan for frozen funds
Afghanistan’s central bank on Saturday criticized Washington’s plan to use half the bank’s $7 billion in frozen assets soil for humanitarian aid and the rest to compensate victims of the 9/11 attacks.
Calls have continued to mount for the US to release the frozen assets in order stop the freefall of the Afghan economy and assist millions of Afghans who are facing a severe food shortage crisis.
Da Afghanistan Bank (DAB) criticized the decision, saying its assets had been invested in the United States in line with international practices, and belonged to the people of Afghanistan.
“DAB considers the latest decision of USA on blocking FX (foreign exchange) reserves and allocating them to irrelevant purposes, injustice to the people of Afghanistan,” the central bank said in a statement.
“(DAB) will never accept if the FX reserves of Afghanistan is paid under the name of compensation or humanitarian assistance to others and wants the reversal of the decision and release of all FX reserves of Afghanistan,” it added.
The central bank funds were frozen when the former government collapsed.
Pakistan meanwhile also reacted to the decision and in a statement issued late Saturday said “the utilization of Afghan funds should be the sovereign decision of Afghanistan”.
“Over the past several months, Pakistan has been consistently emphasizing the need for international community to quickly act to address the unfolding humanitarian catastrophe in Afghanistan and to help revive the Afghan economy, as the two are inextricably linked.
“Pakistan’s principled position on the frozen Afghan foreign bank reserves remains that these are owned by the Afghan nation and these should be released. The utilization of Afghan funds should be the sovereign decision of Afghanistan,” read the statement issued by Pakistan’s Foreign Ministry.
Business
Afghan, Iranian firms sign three cooperation MoUs at Kabul meeting
Three cooperation agreements were signed between Iranian and Afghan companies during a business meeting held in Kabul aimed at expanding trade and economic ties between the two countries.
The gathering, hosted by the Embassy of Iran in Kabul, brought together more than 200 Iranian and Afghan business leaders, industrialists, and investors.
According to an embassy statement, Iran’s chargé d’affaires in Kabul, Alireza Bigdeli, highlighted the existing potential for expanding economic and trade cooperation between Iran and Afghanistan.
Following the opening remarks, members of the Iran–Afghanistan Joint Chamber delegation held sector-specific discussions with Afghan business representatives across key industries, including petrochemicals, construction, pharmaceuticals, cement production, laboratory equipment, food processing, battery manufacturing, and technical and engineering services.
Business
Iran-Afghanistan joint chamber of commerce delegation arrives in Kabul to boost trade ties
The delegation will participate in Afghanistan’s National and International Industry and Mines Exhibition and hold business meetings.
A delegation from the Iran-Afghanistan Joint Chamber of Commerce has arrived in Kabul to take part in an international exhibition, according to the Iranian Embassy in Afghanistan.
In a statement posted on its X account on Thursday, the embassy said the delegation will participate in Afghanistan’s National and International Industry and Mines Exhibition and hold business meetings and conferences with Afghan officials.
The embassy added that the visit aims to expand trade relations between Afghanistan and Iran and strengthen economic cooperation between the two neighboring countries.
The Afghanistan National and International Industry and Mines Exhibition opened in Kabul on Wednesday, June 29, 2026, bringing together domestic and foreign participants to showcase opportunities in industry, mining, and commerce.
Afghanistan and Iran share long-standing economic relations, with trade cooperation continuing despite ongoing regional political and financial challenges.
Business
Afghanistan eyes direct Basmati rice imports from India amid tensions with Pakistan
Afghanistan is exploring direct imports of Basmati rice from India as it seeks to diversify its supply sources amid ongoing tensions with Pakistan, according to a report by The Hindu.
The report said Indian exporters and Afghan importers are expected to meet next month to discuss expanding direct trade in Basmati rice, following preliminary talks between officials from both countries held last week with the facilitation of the PHD Chamber of Commerce and Industry.
Afghanistan consumes nearly 500,000 tonnes of Basmati rice annually and has traditionally relied on imports from neighboring Pakistan. However, industry sources told The Hindu that recent strains in Afghanistan-Pakistan relations have encouraged Kabul to seek alternative suppliers, including India.
Representatives of Afghanistan’s diplomatic mission in New Delhi reportedly took part in the discussions and expressed interest in increasing purchases of Indian Basmati rice. At present, some Indian rice reaches Afghanistan indirectly through traders in Iran and Dubai, a route that adds to transportation and transaction costs.
One proposal under consideration is to transport rice through Iran’s Bandar Abbas Port, subject to agreements between the two governments. The discussions are also expected to cover logistics, payment mechanisms, and the possibility of barter trade, with Afghanistan’s dried fruit exports to India seen as a potential component of future trade arrangements.
According to The Hindu, a direct trade arrangement could help India expand its share of Afghanistan’s Basmati market, which has historically been dominated by Pakistani suppliers.
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