Business
Anti-graft commission probes ‘catastrophic’ customs corruption
Anti-corruption agencies have described reports by the acting minister of finance that as much as $8 million is being embezzled by customs on a daily basis as being “catastrophic”.
The Anti-Corruption Commission says it is investigating the acting minister’s claims.
“The Anti-Corruption Commission is investigating the matter and will obtain further information from the Ministry of Finance,” said Mohammad Salim Safari, media officer at the commission.
This comes after acting finance minister Khalid Painda told MPs in the Wolesi Jirga (Lower House of Parliament) on Wednesday that between $7 million and $8 million was not being collected daily by customs across the country.
MPs in turn accused government leadership, especially the Ministry of Finance, of being the main culprits regarding corruption in customs, and said Painda needs to stop corruption instead of complaining about it.
On Wednesday, Painda told MPs in Parliament that there are reports of corruption involving governors, police commanders, employees of the Ministry of Finance as well as members of the public.
Asked about who is behind the multi-million dollar corruption scheme, Painda was not able to give satisfactory answers, members of the administrative board of the Wolesi Jirga said.
“Instead of giving statistics, the Ministry of Finance should fight corruption and reveal the list of corrupt people,” said Hujatullah Kheradmand, Deputy Secretary of the House of Representatives.
Members of the public, however, have a different view, saying that the head and leadership of the Ministry of Finance are primarily responsible for the corruption but instead they are blaming others.
President Ashraf Ghani has in the past accused the interior ministry of being at the heart of corruption in the country. But some members of the public say it appears that the ministry of finance has now taken that top spot.
In response to the scandal, the Ministry of Industry and Trade says that the smuggling of commercial goods into the country has reduced domestic production.
The Ministry says that joint efforts have been launched with the Ministry of Finance to address this challenge, and that tariffs on imported goods should be increased by 100 percent.
The private sector, on the other hand, says that domestic industrialists still do not have access to production resources.
Members of the private sector say that if the government supports the private sector, investments in the country will increase and jobs will be created.
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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