Business
250 companies submit bids for iron, lead mines in Afghanistan
Afghan Ministry of Mines and Petroleum said this week that 250 domestic and foreign firms have submitted their bids for the iron mine in Herat and lead mine in Ghor province.
Esmatullah Burhan, a spokesman for the Ministry of Mines and Petroleum, said that it is evaluating the bids and will soon announce the winners.
The iron ore in Herat’s Ghoryan district is estimated to hold 18 million tons of iron. The lead mine in Ghor is also considered to be one of the largest lead mines in the region.
“The government will collect a good amount of revenue from it. Hundreds of thousands of jobs will be generated directly or indirectly,” said Burhan.
Private sector members say IEA should prefer domestic companies over foreign firms for investment in the mining sector.
“It is in the plan of IEA to prefer the domestic companies. Domestic companies would initially bring small companies and then big companies to make major investment in Afghanistan,” said Sherbaz Kaminzada, head of Chamber of Industries and Mines.
Economic experts believe attracting investments in the major mines would help address economic challenges and poverty in the country.
“Considering the existing situation, I think it will benefit the Afghan economy because it will help reduce unemployment, increase tax and find markets for our minerals,” said Taj Mohammad Talash, an economic expert.
Afghanistan possesses a wealth of nonfuel minerals whose value has been estimated at more than US$1 trillion.
However, this sector has remained largely untouched as the former government was never able to successfully regulate the industry. For generations, the country has been renowned for its gemstones – rubies, emeralds, tourmalines and lapis lazuli.
Business
Afghanistan-Kazakhstan banking ties discussed in Kabul meeting
Business
Afghanistan, Kazakhstan envoys discuss expanding trade and regional connectivity
Ambassador Shakeeb thanked Kazakhstan for its continued support and constructive engagement with Afghanistan, particularly in efforts aimed at peace and economic development.
Afghanistan’s Ambassador to Pakistan, Sardar Ahmad Shakeeb, has met with Kazakhstan’s Ambassador to Pakistan, Yerzhan Kistafin, to explore ways to strengthen bilateral relations and advance regional cooperation.
The two envoys exchanged views on Afghanistan–Kazakhstan ties, regional connectivity, and major infrastructure initiatives, as well as the opportunities and challenges facing regional trade. Discussions also touched on Kazakhstan’s role in promoting regional stability and other matters of mutual interest.
Ambassador Shakeeb thanked Kazakhstan for its continued support and constructive engagement with Afghanistan, particularly in efforts aimed at peace and economic development.
He expressed hope that the proposed $3 billion joint trade agreement, once finalized, would bring tangible benefits to both countries and contribute to broader regional economic integration.
Ambassador Kistafin reaffirmed Kazakhstan’s support for stability and economic growth in Afghanistan, highlighting his country’s involvement in key regional connectivity and trade projects.
He said the current security and stability situation in Afghanistan has increased Kazakhstan’s confidence in expanding regional trade and transit, and praised the efforts of the Islamic Emirate in this regard.
He also stressed the need for coordinated regional efforts to ensure lasting stability, sustainable economic development, and the smooth movement of goods and transit across the region.
Business
Mahirood Customs leads Iran’s exports to Afghanistan
More than 1.5 million tonnes of goods were exported to Afghanistan through the border crossing during this period.
Mahirood Customs in South Khorasan province has become Iran’s main export gateway to Afghanistan, accounting for 36 percent of the country’s total exports to its eastern neighbor, Iranian officials said.
South Khorasan Governor Seyed Mohammadreza Hashemi told local media that Mahirood ranked first among Iran’s 71 active customs points during the first eight months of the current Iranian year.
More than 1.5 million tonnes of goods were exported to Afghanistan through the border crossing during this period.
Official customs figures show that Iran’s total exports to Afghanistan exceeded 4.26 million tonnes in the first eight months of the year, with Mahirood handling the largest share, Hashemi said.
He attributed the strong performance to South Khorasan’s strategic location, improved border infrastructure, effective planning, close cooperation with traders, and coordinated efforts by government agencies.
Hashemi said the expansion of exports via Mahirood Customs is contributing to economic growth, job creation, and stronger economic diplomacy for the province.
He added that continued support for exporters and streamlined customs procedures could further increase South Khorasan’s share of the Afghan market and other target markets in the future.
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