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250 companies submit bids for iron, lead mines in Afghanistan

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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.

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Pakistan’s kinno exports falter as tensions with Afghanistan continue

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Pakistan’s kinno exports remain far below potential as regional tensions, high freight costs and weak government support continue to choke the citrus trade.

Despite being a leading global citrus producer, Pakistan is expected to export just 400,000–450,000 tonnes of kinno in the 2025–26 season, compared with an estimated capacity of 700,000–800,000 tonnes.

Exports in 2024–25 stood at around 350,000–400,000 tonnes, mainly to Russia, the UAE, Saudi Arabia, Afghanistan, Indonesia and Central Asia. While better fruit quality this season has raised hopes, persistent crossing disruptions—especially with Afghanistan—and transport bottlenecks have offset gains.

Growers say prices have collapsed sharply, forcing panic sales. Rates for large kinno have fallen from over Rs120 per kg early in the season to as low as Rs75, while smaller fruit is selling for Rs35–40 per kg amid weak demand.

Industry leaders warn the crisis is crippling processing units and jobs. More than 100 factories reportedly failed to open this season, with dozens more shutting down as exports stall. Cold storages in Sargodha are nearly full, putting fruit worth millions of dollars at risk of spoilage, while growers fear losses of up to Rs10 billion.

Exporters are urging the government to urgently resolve issues, subsidise logistics, and help access alternative markets, warning that prolonged inaction could devastate farmers, workers and the wider economy.

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Pezeshkian pledges to facilitate Iran-Afghanistan trade

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Iranian President Masoud Pezeshkian has said that Tehran will facilitate trade and economic exchanges with Afghanistan, including easing procedures at customs and local marketplaces.

He made the remarks during a televised interview following his visit to South Khorasan province, which shares a border with Afghanistan.

Pezeshkian, in a separate event addressing local business leaders, highlighted the province’s strategic advantages, citing its rich mineral resources, proximity to neighboring countries such as Afghanistan and Pakistan, and access to the ocean via the Chabahar port. He described the region as “a golden opportunity not found everywhere,” emphasizing its potential for economic growth and cross-border commerce.

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Afghanistan-Kazakhstan banking ties discussed in Kabul meeting

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A Kazakh delegation led by the Deputy Minister of Finance of Kazakhstan met with Sediqullah Khalid, First Deputy Governor of Da Afghanistan Bank, to discuss ways of strengthening banking and economic cooperation between the two countries.

According to a statement issued by Da Afghanistan Bank, Khalid said the central bank is keen to establish regular and effective banking relations with Kazakhstan as part of broader efforts to expand bilateral trade.

He noted that enhanced banking cooperation would help facilitate trade, investment, and wider economic interaction between Afghanistan and Kazakhstan, while also contributing to financial stability at the regional level.

Members of the Kazakh delegation also emphasized the importance of developing banking and economic ties and expressed their readiness to expand joint cooperation.

The two sides further agreed to establish technical committees from both countries to hold expert-level discussions and advance practical steps for cooperation.

 
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