Business
Chinese mining firm to invest $350 million in Afghanistan
Fan China Afghan Mining Processing and Trading Company (FAMPTC) will invest $350 million over the next few months in various sectors including power generation, construction of a cement factory and in health in Afghanistan, the company announced on Thursday.
FAMPTC officials announced their plans in a meeting with Mawlawi Abdul Kabir, political deputy and acting prime minister of the Islamic Emirate of Afghanistan (IEA).
The company’s officials said that they had professional and specialized people to work on the projects and operational plans in place which will soon be implemented in Afghanistan, according to a statement released by the prime minister’s office.
The acting prime minister called on foreign and local investors to take the opportunity to invest in Afghanistan as conditions are more favorable than ever.
He said that the IEA assures investors that they and their assets will be safe.
Fan China Afghan Mining Processing and Trading Company (FAMPTC), is a joint venture between China’s Xinjiang Central Asia Petroleum and Gas Co (CAPEIC) and Afghanistan’s Watan Group, according to state news agency Bakhtar.
In January, IEA signed a contract with CAPEIC to extract oil from the Amu Darya basin and develop an oil reserve in the country’s northern Sar-e Pul province.
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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