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IEA stamps out illegal mining, rakes in 9 billion AFN in past 8 months

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Ministry of Mines and Petroleum officials have said that since the Islamic Emirate of Afghanistan (IEA) has come into power, they have made nine billion afghanis from mining alone.

According to officials, illegal mining and smuggling of minerals out of the country has stopped since the take over by the IEA.

However, members of the private sector have said that the necessary facilities and investment is needed to develop this sector.

“Illegal mining is stopped across Afghanistan. Legal investment in mining has now increased and our revenue has reached nearly nine billion afghanis, which is several times higher than in previous governments,” said Esmatullah Burhan, a spokesman for the Ministry of Mines and Petroleum.

Officials at the Afghan Chamber of Commerce and Industries also say they are working with foreign companies in a bid to attract foreign investors.

Shirbaz Kaminzadeh, head of the Afghan Chamber of Mines and Industries, said: “The Ministry of Mines has transparently maintained the whole process of investing in the mines, and Afghan investors, together with foreign investors, are jointly starting the investment process in the country’s mines.”

Economists also say that the process of starting joint ventures is crucial for regular mining and improving Alfghanistan’s economic situation.

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500 Jeribs of land allocated for industrial park in Kandahar

The land, located in the Noda area of Daman district, was formally handed over to the Directorate of Industry and Commerce after the completion of all legal and administrative procedures.

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Five hundred jeribs of state-owned land have been officially allocated for the construction of an industrial park in Daman district of Kandahar province, based on a decree issued by the Islamic Emirate’s Supreme Leader decree.

The land, located in the Noda area of Daman district, was formally handed over to the Directorate of Industry and Commerce after the completion of all legal and administrative procedures.

The transfer was carried out by the General Directorate of Land Affairs of the Ministry of Agriculture, with technical cooperation from the Kandahar Department of Agriculture, Irrigation and Livestock.

Esmatullah Farhad, director of land transfer and distribution, said a standard industrial park will be developed on the site, providing space for industrial factories and contributing to the growth of industry and expansion of trade in Kandahar.

Officials say the move is part of broader efforts to strengthen economic infrastructure, support investment, and promote domestic production in the country.

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Afghanistan Chamber of Commerce officials meet FM Muttaqi to discuss trade issues

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Officials from the Afghanistan Chamber of Commerce and Investment (ACCI) met with Foreign Minister Amir Khan Muttaqi on Tuesday to discuss key issues related to trade, transit, and investment in the country.

During the meeting, Syed Karim Hashemi, head of the ACCI, highlighted the importance of attracting foreign investors to various economic sectors and called on the Ministry of Foreign Affairs to provide additional support and facilitation to encourage investment. He also addressed matters concerning the operations and development of the Chamber itself.

Minister Muttaqi welcomed the Chamber’s proposals and pledged full cooperation from the Ministry in trade and transit initiatives, particularly by creating enhanced facilities for foreign investors to promote economic growth in Afghanistan.

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Trump says nations doing business with Iran face 25% tariff on US trade

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President Donald Trump said on Monday any country that does business with Iran will face a tariff rate of 25% on any trade with the U.S., as Washington weighs a response to the situation in Iran which is seeing its biggest anti-government protests in years.

“Effective immediately, any Country doing business with the Islamic Republic of Iran will pay a Tariff of 25% on any and all business being done with the United States of America,” Trump said in a post on Truth Social, Reuters reported.

Tariffs are paid by U.S. importers of goods from those countries. Iran, a member of the OPEC oil producing group, has been heavily sanctioned by Washington for years. It exports much of its oil to China, with Turkey, Iraq, the United Arab Emirates and India among its other top trading partners.

“This Order is final and conclusive,” Trump said without providing any further detail.

There was no official documentation from the White House of the policy on its website, nor information about the legal authority Trump would use to impose the tariffs, or whether they would be aimed at all of Iran’s trading partners. The White House did not respond to a request for comment.

The Chinese embassy in Washington criticized Trump’s approach, saying China will take “all necessary measures” to safeguard its interests and opposed “any illicit unilateral sanctions and long-arm jurisdiction.”

“China’s position against the indiscriminate imposition of tariffs is consistent and clear. Tariff wars and trade wars have no winners, and coercion and pressure cannot solve problems,” a spokesperson of the Chinese embassy in Washington said on X.

Iran, which had a 12-day war with U.S. ally Israel last year and whose nuclear facilities the U.S. military bombed in June, is seeing its biggest anti-government demonstrations in years.

Trump has said the U.S. may meet Iranian officials and that he was in contact with Iran’s opposition, while piling pressure on its leaders, including threatening military action.

Tehran said on Monday it was keeping communication channels with Washington open as Trump considered how to respond to the situation in Iran, which has posed one of the gravest tests of clerical rule in the country since the Islamic Revolution in 1979.

Demonstrations evolved from complaints about dire economic hardships to defiant calls for the fall of the deeply entrenched clerical establishment. U.S.-based rights group HRANA said it had verified the deaths of 599 people – 510 protesters and 89 security personnel – since the protests began on December 28.

While air strikes were one of many alternatives open to Trump, “diplomacy is always the first option for the president,” White House press secretary Karoline Leavitt said on Monday.

During the course of his second term in office, Trump has often threatened and imposed tariffs on other countries over their ties with U.S. adversaries and over trade policies that he has described as unfair to Washington.

Trump’s trade policy is under legal pressure as the U.S. Supreme Court is considering striking down a broad swathe of Trump’s existing tariffs.

Iran exported products to 147 trading partners in 2022, according to World Bank’s most recent data.

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