Business
IEA drafts budget for next fiscal year
The Ministry of Finance has announced that the draft budget for the fiscal year 1402, starting March 20, has been prepared and will soon be sent to the offices of the deputy prime ministers for economic and administrative affairs.
According to the ministry, there has been an increase in the budget for next year against this year, and dozens of projects have been included in the draft.
“The Economic Commission has decided to allocate funds for projects where work has progressed 50%. After analyzing and reviewing, the Ministry of Finance selected 11 projects, which were also approved by the Economic Commission. Budgets have been considered for dozens of other small and large projects as well,” said Ahmad Wali Haqmal, the spokesman of the Ministry of Finance.
Economic experts say that the government should launch development projects soon after the budget is approved, and there should be no further delay in the implementation of construction projects.
“The funds for the development budget are obtained from the projects. With projects, people’s livelihood and well-being are provided. Projects cause production and production causes economic self-sufficiency,” said Taj Mohammad Talash, an expert on economic affairs.
The Ministry of Finance says that despite the problems in boosting Afghanistan’s trade relations, they have managed to increase customs revenue to 100 billion Afghanis.
This comes as the economic situation has deteriorated in recent years. According to the United Nations, 28 million people need humanitarian aid 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
Afghanistan-Kazakhstan banking ties discussed in Kabul meeting
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