Business
$1 billion worth of precious stones smuggled out of the country annually
The Afghanistan Precious Stones Association says that after 20 years, government has still not been able to stop the smuggling of precious stones out of the country.
Officials from the association say on average about $1 billion worth of precious stones is smuggled out of Afghanistan every year.
According to them, these stones are sold on foreign markets under the name of neighboring countries.
The association has in turn accused government, especially the Ministry of Mines, of being negligent.
“If I tell you a billion dollars’ worth is smuggled abroad but the government has no plans and it is very easy to take it out and no one has been introduced to any [judicial] body to be prosecuted,” said Mirza Mohammad, deputy head of the association.
Officials say that if the process of extracting precious stones is legalized and regulated, government will generate billions of dollars in revenue.
The Ministry of Mines and Petroleum says that serious measures have been taken to prevent the smuggling of precious stones.
According to the ministry new gemstone processing plants will be established in the new solar year – 1400.
“We have discussed the issue of illegal mining and smuggling with the National Security Council, and will set up two processing centers, one in Kunar and the other in Kabul,” said Mohammad Aziz Gharwal, spokesman for the ministry.
Economists say that if government does not stop the looting of national assets, Afghanistan will face serious economic problems.
Business
Pakistan’s kinno exports falter as tensions with Afghanistan continue
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.
Business
Pezeshkian pledges to facilitate Iran-Afghanistan trade
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.
Business
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