Business
Renovation of Darul Aman Palace Almost Complete
The reconstruction of Darul Aman Palace has completed 90 percent and will be ready to host the celebration of Afghanistan’s Independence Day in another two months.
Darul Aman Palace was built during the era of King Amanullah Khan who ruled Afghanistan from 1919 to 1929.
Engineers say they have used materials produced in Afghanistan to rebuild this historical palace including marble from Herat province and wood from Kunar province.
Nearly 1,000 Afghans are employed by the project to rebuild the Darulaman and Tajbeg, the two historical palaces which were severely damaged during the civil war in Afghanistan.
“There was no foreigner advisor, engineers or labors in the project rather it was an Afghani movement,” said Abdul Rahman Atash, a government official who is overseeing the reconstruction of the project.
Officials said that the reconstruction of Darul Aman Palace cost nearly $10 million, two percent less than the amount which was predicted by foreign companies.
“The work of the [Darulaman] palace structure is completed hundred percent. I can say our project is completed 90 percent,” said Javid Huma, an Afghan engineer working at the palace.
Tajbeg Palace is a palace built in the 1920s to house the Afghan royal family and is located near the Darul Aman Palace.
Abdul Manan Mukhlis, another Afghan engineer working at the Tajbeg Palace said that the reconstruction of the palace is completed 80 percent and they are trying to complete it before the celebration of Afghanistan’s Independence this year.
President Ashraf Ghani inaugurated the reconstruction project of Darul Aman Palace in 2016 and said it was one of the main demands of Afghans to see the palace renovated.
The Afghan government is planning to use the palace as a museum upon completion.
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.
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.
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