Business
Afghan businessman to invest up to $12 million in iron ore extraction in Panjshir
An unnamed Afghan businessman is reportedly ready to invest up to $12 million in iron ore mining in Panjshir province, the provincial governor’s spokesman Saifuddin Laton said Sunday.
According to Laton, the businessman has shown interest in investing between $3 and $12 million to mine an area covering 22 square kilometers in Paryan district in Panjshir.
Laton said the contract for this project has been approved by the Economic Directorate of the Prime Minister’s Office of the Islamic Emirate of Afghanistan (IEA).
In addition to extraction, the businessman will also carry out the processing and packaging of the iron ore within the province to create greater added value.
Laton said that in the first phase, the company will launch an exploratory program of the reserves over six months, during which around 500 jobs will be created.
After completing this phase, formal extraction work will begin, he said.
Afghanistan possesses substantial iron ore reserves, estimated at 2.2 billion tonnes, making it a top 10 country for extractable iron.
The largest deposit, Hajigak, is located in Bamiyan province, and contains an estimated 1.7 billion tonnes of high-grade ore.
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
Afghanistan-Kazakhstan banking ties discussed in Kabul meeting
-
International Sports5 days agoIPL 2026: Teams take shape after auction as franchises balance star power and depth
-
International Sports4 days agoILT20: Abu Dhabi Knight Riders end Desert Vipers’ unbeaten run in dramatic one-run win
-
Latest News2 days agoAfghan border forces prevent illegal entry of hundreds into Iran
-
Regional5 days agoPakistan’s military chief Asim Munir in spotlight over Trump’s Gaza plan
-
Latest News2 days agoPakistan summons Afghan diplomat over deadly attack in North Waziristan
-
Business4 days agoMahirood Customs leads Iran’s exports to Afghanistan
-
World5 days agoTrump adds seven countries, including Syria, to full travel ban list
-
Latest News4 days agoAfghanistan, Kyrgyzstan discuss expanding trade and economic cooperation
