Business
IEA directs commission to take urgent steps to stabilize Afghan currency
The Islamic Emirate of Afghanistan (IEA) on Monday held a minister’s council meeting at the Presidential Palace to find ways to stabilize the weakening Afghan currency.
IEA deputy spokesman Inamullah Samangani said in a tweet that the council directed the economic commission headed by Mawlawi Abdul Salam Hanafi to take urgent steps to stabilize the Afghani against the US dollar in coordination with all economic institutions.
“The commission was also tasked to take serious steps to prevent the smuggling of dollars, the spread of fake Afghan currency and eliminate other factors that have a negative impact on the value of the Afghan currency, and continue to urgently identify ways to stabilize the Afghan currency,” Samangani tweeted.
Meanwhile, Afghanistan’s Central Bank is meeting with money exchangers, commercial banks and business leaders on Tuesday in the hope of also finding ways to stabilize the value of the Afghani – which has fallen sharply in the last week against the US dollar.
This worrying drop in value of the Afghani against the dollar comes amid a deepening economic and humanitarian crisis and has led to a sharp increase in the price of goods, including essential items like food and fuel.
Officials from the Money Exchange Union in Sarai Shahzada, (Afghanistan’s largest money exchanging market) said on Monday the exchange rate was 123 AFN to the dollar, after sliding from 110 AFN to the dollar on Sunday.
A month ago, it was under 90 AFN to the dollar.
Union officials said part of the problem was due to rumors being spread by some money changers, who have since been let go.
On Monday, the market’s “Boli” section, which determines the value of the AFN and deals with large transactions, was closed.
Meanwhile, local media reported on Tuesday that a money changer suffered a stroke inside his shop in Farah province following the drop in value of the AFN.
According to shop owners in the area, the money changer had owed a significant amount of money to lenders and died as the AFN dropped.
Business
Turkmenistan, Afghanistan discuss steps to speed up land acquisition for TAPI pipeline
By the end of the year, the vessels are expected to deliver about 11,700 pipes as part of preparations for construction of the TAPI pipeline.
Officials from Turkmenistan and Afghanistan have held talks aimed at accelerating land acquisition for the long-planned Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline, according to Afghanistan’s Ministry of Agriculture, Irrigation, and Livestock.
The issue was discussed during a meeting between TAPI project head Murad Amanov, Afghanistan’s acting Minister of Agriculture, Irrigation, and Livestock Mullah Attaullah Omari, and Turkmenistan’s ambassador to Afghanistan Hoja Ovezov.
Amanov briefed Afghan officials on recent progress and emphasized the need to accelerate procedures related to land acquisition and the determination of land prices in line with the framework agreement signed by the four participating countries.
Meanwhile, vessels operated by the Azerbaijan Caspian Shipping Company (ASCO), part of AZCON Holding, have begun transporting pipes for the project. The shipments are being carried from the Port of Baku to the Turkmenbashi International Seaport.
By the end of the year, the vessels are expected to deliver about 11,700 pipes as part of preparations for construction of the TAPI pipeline.
Business
Afghanistan expands exports through Lapis Lazuli Corridor
A transport company is scheduled to move the shipments on Sunday, March 15, along the route that links Afghanistan with Turkmenistan, Azerbaijan, and Georgia before reaching Turkey.
Afghanistan’s Ministry of Transport and Civil Aviation has announced the dispatch of eight export shipments through Torghundi port via the Lapis Lazuli Corridor to international markets.
In a statement, the ministry said the move is part of ongoing efforts to facilitate transit and strengthen the country’s export sector. Officials confirmed that coordination has been completed for eight commercial consignments to be transported along the corridor.
According to the ministry, a transport company is scheduled to move the shipments on Sunday, March 15, along the route that links Afghanistan with Turkmenistan, Azerbaijan, and Georgia before reaching Turkey.
The consignments include dried fruits, jam, pressure cookers and energy drinks. After arriving in Turkey, the goods are expected to be re-exported to markets in Saudi Arabia, the United States, Australia and the Netherlands.
The Lapis Lazuli Corridor is a regional trade and transit route launched in 2018 to connect Afghanistan with European markets through the Caucasus and Turkey, providing an alternative pathway for Afghan exports beyond traditional routes.
The Ministry of Transport and Civil Aviation said expanding transit corridors, supporting export and import growth, and facilitating international transport operations remain among its key priorities.
Officials added that practical steps are being taken to strengthen Afghanistan’s role in regional trade and connectivity.
Business
Uzbek exploration company launches energy survey project in Afghanistan
The new seismic survey marks the second major energy exploration initiative by Uzbek companies in Afghanistan in recent years.
An exploration company backed by the government of Uzbekistan has begun collecting seismic data in northern Afghanistan as part of a new energy exploration project agreed between the two neighboring countries last year.
According to Uzbekistan’s Ministry of Mining Industry and Geology of Uzbekistan, the Uzbek Overseas Geology Company (UOGC) has started work to gather 2D seismic data across three exploration blocks in northern Afghanistan: Ahmadabad, Muhammad-Jandagar, and Shamar.
The three blocks cover more than 7,600 square kilometers near Afghanistan’s border with Tajikistan. Initial seismic surveys are expected to focus on about 600 square kilometers of the area.
Officials say the project will be fully financed by UOGC and aims to identify potential hydrocarbon reserves, while also assessing the area for other mineral resources, including iron and copper deposits.
The exploration work follows a cooperation agreement signed in 2025 between Uzbekistan’s mining ministry and Afghanistan’s Ministry of Mines and Petroleum of Afghanistan. Under the deal, the Uzbek side has two years of exclusive exploration rights in the blocks.
If commercially viable resources are discovered, Afghan authorities have agreed to give priority development rights to an operating company formed by the Uzbek partners.
The Uzbek Overseas Geology Company was established in early 2025 by two state-linked Uzbek exploration firms, Uzbekgeologorazvedka and Uzbekgeofizika, the latter being affiliated with Uzbekistan’s state energy producer Uzbekneftegaz.
Growing Uzbek energy involvement in Afghanistan
The new seismic survey marks the second major energy exploration initiative by Uzbek companies in Afghanistan in recent years.
In 2024, authorities in Tashkent announced that Eriell KAM—a joint venture between Uzbekistan’s oilfield service provider Eriell Group and Afghanistan’s Kam Group—had taken over exploration plans for the Totimaidan gas block.
The Totimaidan block is located in Faryab Province near the border with Turkmenistan and spans roughly 7,000 square kilometers. The area is believed to contain the undeveloped Juma and Bashikurd sour gas fields, according to energy consultancy Wood Mackenzie.
Although Afghanistan originally auctioned the block in 2014, a production-sharing contract was never finalized.
Regional cooperation and economic integration
Analysts say Uzbekistan’s growing involvement in Afghanistan’s resource sector reflects both geographic proximity and broader regional economic interests.
Tashkent-based investment consultant Farkhodjon Israilov said exploration projects in Afghanistan are not only about energy resources but also about encouraging infrastructure development and economic activity in the country.
According to Israilov, greater regional investment and economic integration could contribute to long-term stability and mutually beneficial growth for Afghanistan and its neighbors.
Uzbek officials say the seismic surveys represent an important step toward identifying Afghanistan’s untapped natural resources while expanding energy cooperation between the two countries.
-
Latest News3 days ago14 Pakistani soldiers killed after military post falls along Durand line: MoD
-
Latest News4 days agoAfghan airstrikes target Pakistani military sites in retaliation for air attacks
-
Latest News4 days agoIEA condemns Pakistan’s airstrikes in several Afghan provinces
-
Sport4 days agoAfghanistan’s national buzkashi team set to compete in Kazakhstan
-
Latest News5 days agoChina urges de-escalation in Iran crisis and Afghanistan–Pakistan tensions
-
Latest News5 days agoChina to build nine border facilities along Tajik-Afghan frontier: report
-
World4 days agoIran claims it targeted a US-linked oil tanker in Strait of Hormuz
-
Business5 days agoUNHCR launches largest carpet-weaving centre in western Afghanistan
