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IEA signs agreement with Turkmenistan and Iran to import oil and gas

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The Islamic Emirate of Afghanistan (IEA) has signed contracts with Turkmenistan and Iran to import thousands of tons of oil and gas – amid rising fuel prices not only in Afghanistan but also globally.

The acting deputy prime minister’s office said Monday that the public can expect changes in oil and liquid gas prices in the near future, adding that thousands of tons of gas has arrived at the land ports of Aqina, Hairatan and Torghandi.

However, the Herat police command said that they have seized tons of low-quality oil in recent months.

“We ask national businessmen to stop importing low-quality oil into the country, and if anyone still imports low-quality oil, they will be prosecuted,” said Juma Khan Elham, head of the anti-corruption unit at Herat police command.

At present, the price of gas and oil in the country has risen dramatically.

“The Islamic Emirate of Afghanistan has signed a large oil import contract with Iran, which will arrive soon, so we are trying to lower the price of oil,” said Ahmad Shah Ezat, head of Herat Petroleum and Liquid Gas Department.

On the other hand, residents of Herat want the IEA to control the price of fuel on the domestic market.

“We request the government control the price of oil, one liter of oil is 85 AFN,” said Ratib Hamidi, a resident of Herat.

While shipments of fuel as per the latest agreements with Iran and Turkmenistan have not yet arrived in the country, IEA authorities have said once landed and on the open market, the prices will be reduced.

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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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