Business
Massive crowds form outside banks in Kabul, as locals rush to withdraw cash
Afghans wanting to withdraw money were seen gathered outside banks in Kabul, Afghanistan on Monday, amid concerns over the implementation of new restrictions on cash withdrawal.
Earlier on Saturday, a statement from the Taliban had ordered banks to reopen and imposed a limit on withdrawals of 20,000 Afghani ($233).
Local resident Shah Agha hoped the reopening of banks would result in work being available for Afghans again. “The working situation is zero because banks and exchange markets are closed. We call on the Islamic Emirate to build the Afghan economy as soon as possible,” he said.
Taliban spokesperson Zabiullah Mujahid said officials had already been appointed to run key institutions including the ministries of public health and education and the central bank.
He also said he expected the serious economic turbulence which has hit the Afghani currency to ease soon.
Prices for commodities including flour, oil, and rice are rapidly rising and the currency is plunging, with money changers in Pakistan already refusing to accept the Afghani.
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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