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Saudi investors keen to invest in Afghanistan’s mines
The Ministry of Mines and Petroleum says that several investors from Saudi Arabia have shown interest in investing in Afghanistan’s oil and gas sectors and in the expansion of the TAPI pipeline.
Homayoun Afghan, spokesperson for the Ministry of Mines and Petroleum, said that a number of Saudi investors met with Hidayatullah Badri, the Minister of Mines and Petroleum, during which they also signed agreements to continue bilateral meetings.
According to the ministry’s statement, Badri shared information about Afghanistan’s oil reserves with Saudi companies and added that Afghanistan seeks joint cooperation with Saudi investors, calling on them to invest in the country’s mineral resources.
Meanwhile, members of the private sector have said that the Ministry of Mines’ decision to allow Saudi investors to invest in the mining sector will have a positive impact on the country’s overall economy.
Asadullah Asadi, a member of the Chamber of Commerce and Investment, said: “Investment by Arab companies in Afghanistan’s mining sector, especially in the areas of extraction and development of mines and oil can pave the way for progress and have a broad impact on the country’s economy.”
Officials from the Ministry of Mines and Petroleum also emphasized that foreign investors’ interest in Afghanistan’s mining sector has increased compared to previous years.
According to the Islamic Emirate, the best conditions for investment in the country’s mining sector are currently available for both domestic and foreign investors.
The spokesperson of the Islamic Emirate of Afghanistan Zabiullah Mujahid announced on Wednesday that the security and defense forces of the Islamic Emirate will temporarily halt the “Rad al-Zulm” defensive operation on the occasion of Eid al-Fitr and also at the request of Saudi Arabia, Turkey, and Qatar.
Zabiullah Mujahid said in a post on X: “The Islamic Emirate, while appreciating the goodwill of friendly and mediating countries, emphasizes that maintaining Afghanistan’s national security, territorial integrity, and the safety of Afghan lives is its national and religious duty, and it will bravely respond to any aggression in case of a threat.”
Meanwhile, Ataullah Tarar, Pakistan’s Minister of Information and Broadcasting, also announced that Pakistan has temporarily suspended its attacks on Afghanistan for Eid al-Fitr at the request of Saudi Arabia, Qatar, and Turkey.
A UN official told Reuters on Wednesday that the United Nations Assistance Mission in Afghanistan (UNAMA) estimated the number of victims of the bombing of Kabul’s Omid hospital by Pakistan at 143 dead.
However, health officials in Afghanistan had earlier reported that the attack killed more than 400 people and injured 265.
Former Afghan president Hamid Karzai has accused Pakistan of trying to create “anarchy and weakness” in Afghanistan, following a deadly airstrike on Kabul.
In an interview with UK’s Sky News, Karzai said Islamabad’s policies were aimed at keeping Afghanistan unstable and “downtrodden,” warning that such an approach would harm both countries.
He condemned the recent strike on a drug rehabilitation hospital in Kabul, which Afghan officials say killed around 400 people, describing it as an “extremely unfortunate event” in the history of relations between the two neighbours.
Karzai said he personally heard the explosion, describing a “horrific sound” that shook his home and filled the surrounding area with smoke and dust.
The former leader, who governed Afghanistan from 2002 to 2014, said tensions between the two countries are longstanding, claiming Pakistan has struggled to maintain stable relations with successive Afghan governments.
He urged Pakistani leaders to change course and pursue a more constructive relationship, saying past strategies of interference and destabilisation had failed and would not succeed in the future.
Fighting between the two countries has intensified since late February, when Pakistan launched airstrikes it says targeted militant infrastructure. The United Nations estimates the violence has displaced more than 100,000 people.
Pakistan has denied targeting civilians, insisting its operations were aimed at militant sites and accusing Kabul of spreading “misleading” claims to deflect from alleged cross-Durand Line threats.
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