Business
Pakistan repeats call for release of Afghan assets
Pakistan on Friday once again called on the United States to release Afghanistan’s frozen assets and conditionally allow the Islamic Emirate of Afghanistan (IEA) to use the funds to assist both economic and humanitarian crises in the country.
Asim Iftikhar, a spokesman for Pakistan’s foreign ministry, said at a press conference, that the frozen assets held in the US should be released urgently and “in a manner that would make it easier for the interim authorities to utilize this money.”
This comes after US officials said last week they had no plans to release Afghanistan’s foreign reserves, citing concerns the funds could end up in the hands of terrorists after the leader of al-Qaeda was killed in Kabul.
President Joe Biden’s administration froze $7 billion after the IEA took power last year. Earlier this year, Biden issued an order to split the money equally between the families of victims of the September 11 terror attacks and humanitarian aid for Afghans.
Iftikhar said that the release of Afghan assets “shouldn’t be done without strings attached.” He also noted that the US had provided a lot of humanitarian assistance to Afghanistan over the past year.
Referring to the recent visit to Pakistan by US CENTCOM chief General Michael Kurilla, and other bilateral engagements, Iftikhar said that in addition to his country’s bilateral agenda, the two sides also discussed the situation in Afghanistan.
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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