Business
Turkish company looks to invest $250 million in Afghanistan: IEA
Afghanistan’s Ministry of Mines and Petroleum (MoMP) officials said on Thursday that a Turkish company wants to invest $250 million in Amo river oil deposits, or oil reserves in northern Afghanistan.
The officials said however that a contract has not been signed yet. They also said other foreign companies are interested in investing.
According to the officials companies from Turkey, Iran, and Pakistan are interested in the mining sector.
The ministry said that national interests will be preserved in all contracts.
“Talks with some Turkish companies are underway, the companies want to invest $250 million in Amo river oil deposits,” said Mufti Asmatullah Borhan, spokesman for the MoMP.
Members of the private sector said that Afghanistan’s economic problems will be resolved if investments are forthcoming in the oil sector.
They in turn called on Islamic Emirate of Afghanistan (IEA) to accelerate their efforts to secure contracts in this sector.
“We have a lot of oil in northern Afghanistan, not only Turkish people, but Afghan and Russians are also interested in investing in Afghanistan,” said Baz Mohammad, head of the traders and investors association.
Economic analysts on the other hand said that mining of Afghanistan’s minerals and oil reserves can solve the economic crisis.
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
Business
Afghanistan, Kazakhstan envoys discuss expanding trade and regional connectivity
Ambassador Shakeeb thanked Kazakhstan for its continued support and constructive engagement with Afghanistan, particularly in efforts aimed at peace and economic development.
Afghanistan’s Ambassador to Pakistan, Sardar Ahmad Shakeeb, has met with Kazakhstan’s Ambassador to Pakistan, Yerzhan Kistafin, to explore ways to strengthen bilateral relations and advance regional cooperation.
The two envoys exchanged views on Afghanistan–Kazakhstan ties, regional connectivity, and major infrastructure initiatives, as well as the opportunities and challenges facing regional trade. Discussions also touched on Kazakhstan’s role in promoting regional stability and other matters of mutual interest.
Ambassador Shakeeb thanked Kazakhstan for its continued support and constructive engagement with Afghanistan, particularly in efforts aimed at peace and economic development.
He expressed hope that the proposed $3 billion joint trade agreement, once finalized, would bring tangible benefits to both countries and contribute to broader regional economic integration.
Ambassador Kistafin reaffirmed Kazakhstan’s support for stability and economic growth in Afghanistan, highlighting his country’s involvement in key regional connectivity and trade projects.
He said the current security and stability situation in Afghanistan has increased Kazakhstan’s confidence in expanding regional trade and transit, and praised the efforts of the Islamic Emirate in this regard.
He also stressed the need for coordinated regional efforts to ensure lasting stability, sustainable economic development, and the smooth movement of goods and transit across the region.
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