Latest News
Pakistan stresses on release of Afghanistan’s frozen assets
Pakistan’s foreign Secretary Sohail Mahmood on Monday stressed the importance of releasing Afghanistan’s frozen assets and facilitation of banking operations to ease the economic hardships of the Afghan people and help build a sustainable economy, Geo news reported.
During a meeting with China’s Special Envoy on Afghanistan Ambassador Yue Xiaoyong, the two officials exchanged views on the political and security situation in Afghanistan, humanitarian assistance by Pakistan and China to Afghanistan, and other matters of mutual interest.
According to a statement issued by the Ministry of Foreign Office, Mahmood underlined the importance for the Afghan side to address the international community’s expectations regarding: inclusivity, respect for the rights of all Afghans, girls’ education and effective counter-terrorism measures.
He also underscored Pakistan’s commitment to a peaceful, stable, prosperous, and connected Afghanistan.
The foreign secretary highlighted the provision of humanitarian assistance to Afghanistan, including Pakistan’s relief efforts in the wake of the devastating earthquake in eastern Afghanistan on 22 June 2022, the report said.
In the context of regional connectivity, both sides exchanged views on the extension of the China-Pakistan Economic Corridor (CPEC) to Afghanistan to promote economic development and prosperity.
He underscored that the international community’s focus should not be diverted from the dire situation in Afghanistan owing to events taking place elsewhere.
While emphasizing continued constructive engagement and practical cooperation with the IEA officials, Mahmood highlighted the central role of platforms such as Troika Plus and six neighboring countries of Afghanistan in advancing shared goals.
Special Envoy Ambassador Yue Xiaoyong appreciated the important and constructive role played by Pakistan in the context of Afghanistan. Both sides agreed that only a peaceful, stable and connected Afghanistan could “act as a fulcrum for enhanced regional trade and connectivity”.
The two officials met each other while Uzbekistan will host Pakistan and China in a conference on Afghanistan titled “Security and Economic Developments” scheduled to be held on July 25-26.
Latest News
Economic Commission approves national policy for development of agriculture
At a regular meeting of the Economic Commission chaired by Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, the National Policy for the Development of the Agriculture and Livestock Sector was approved.
According to a statement from the deputy PM’s office, the key objectives of the policy include the mechanization of the agriculture and livestock sector; development of agricultural, irrigation, and livestock research and extension systems; management of irrigation systems; support for investment in these sectors; and ensuring public access to high-quality agricultural and animal products.
During the same meeting, the development plan for the fish farming sector was also approved.
Under this plan, through private sector investment, 7,700 small, medium, and large fish production and farming facilities will be established on 6,500 hectares of land in various parts of the country.
The statement added that the implementation of this plan will create direct employment opportunities for 50,000 people and indirect employment for 250,000 others.
Latest News
Doha process private sector meeting highlights growth and coordination in Afghanistan
The session was divided into two segments, focusing on growth and inclusion in the first part, and coordination and transparency in the second.
The 3rd session of the Doha Process Private Sector Working Group was held both in-person and online at Kabul’s Grand Hotel, hosted by the United Nations Assistance Mission in Afghanistan (UNAMA).
The meeting brought together representatives from the Islamic Emirate of Afghanistan, including the Ministries of Foreign Affairs, Finance, Industry and Commerce, Economy, Labor and Social Affairs, and the Central Bank, alongside UNAMA, UN agencies, international and regional organizations, as well as ambassadors, diplomats, and private sector experts.
The session was divided into two segments, focusing on growth and inclusion in the first part, and coordination and transparency in the second.
Afghanistan’s Islamic Emirate representatives shared achievements and progress since assuming governance, while participants acknowledged these efforts and highlighted their ongoing support for the private sector. All parties offered recommendations to address challenges and emphasized enhanced cooperation moving forward.
International Sports
IPL 2026: Franchise sales gather pace as global investors circle teams
Royal Challengers Bengaluru (RCB) has been put on the market by its current owner and is estimated to be worth up to $2 billion.
Developments off the field are drawing growing attention ahead of the 2026 Indian Premier League season, with two franchises — Royal Challengers Bengaluru and Rajasthan Royals — formally up for sale and attracting interest from high-profile domestic and international investors.
Royal Challengers Bengaluru (RCB), one of the league’s most recognisable teams, has been put on the market by its current owner, Diageo’s United Spirits Ltd, following a strategic review. The sale process is expected to be completed by the end of March 2026. Market estimates suggest the franchise could be valued at around $2 billion, reflecting the soaring commercial value of the IPL.
Several bidders have been shortlisted for RCB, including investment groups led by Indian industrialists, private equity firms and overseas sports owners. Among those reported to have shown interest is a consortium linked to the Glazer family, co-owners of English Premier League club Manchester United. Non-binding bids have already been submitted, with binding offers expected in the coming weeks.
Rajasthan Royals (RR), winners of the inaugural IPL title in 2008, are also in the process of being sold. A shortlist of potential buyers has been finalised, featuring a mix of Indian and international investors, including private equity firms, entrepreneurs and media-linked groups. The franchise is expected to attract a valuation of more than $1 billion, according to market estimates.
Final bids for Rajasthan Royals are anticipated in early March, while the RCB transaction is expected to move into its final phase later this month. Any change in ownership will require approval from the Board of Control for Cricket in India (BCCI).
The potential sales mark one of the most significant ownership shake-ups in IPL history and underline the league’s growing appeal as a global sports investment as preparations continue for the 2026 season.
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