Business
Pakistan, Turkmenistan sign accord to implement TAPI project
Pakistan and Turkmenistan signed a joint implementation plan on Thursday to execute the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project.
The ceremony was attended by Prime Minister Shehbaz Sharif and a delegation of Turkmenistan led by Minister of Energy and Water Resources in Islamabad, Dawn newspaper reported.
Pakistan’s State Minister for Petroleum Musadik Malik and Turkmenistan’s State Minister and Chairman of TurkmenGas, Maskat Babayev inked the accord.
The 1,800-kilometre pipeline is expected to carry 33 billion cubic metres of natural gas every year from Turkmenistan’s Galkynysh — the world’s second-largest gas field — to the Indian city of Fazilka. It will pass through Herat and Kandahar, in Afghanistan, and Quetta and Multan in Pakistan.
Speaking on the occasion, Pakistan PM Shehbaz termed TAPI a very important project for the progress of the entire region, adding that it would help the region secure natural gas with concrete assurances and mutually agreed terms and conditions.
Highlighting the significance of energy for developing countries, he said: “We have to negotiate with this challenge through speedy action.”
Shehbaz expressed confidence that the TAPI project would lead to an era of regional cooperation, development, and prosperity. He asked the Pakistani team to expedite its planning and subsequently its execution.
He mentioned that in view of the global situation, energy had become a real challenge. “For a developing country like Pakistan, there is a need for speedy actions to explore the options for energy.”
Later, in a tweet, PM Shehbaz termed the TAPI Joint Implementation Plan “a step forward for the execution of the project”. He said the project was vital to meeting the country’s energy needs.
“Pakistan wants the project to be implemented at fastest speed. In view of costlier fuel prices and gas shortages globally, we are exploring all options to procure all forms of energy on a sustainable basis as part of a comprehensive national energy security plan,” the prime minister said.
He added that the completion of the TAPI project “will be a game-changer for the region in terms of enhanced economic cooperation.”
Business
Afghanistan-India trade volume totals $650 million so far this year
Trade between Afghanistan and India totals $650 million in the first 10 months of this year, the Islamic Emirate’s Ministry of Industry and Commerce announced this weekend.
In a post on X on Saturday, the ministry’s spokesman Abdulsalam Jawad Akhundzada said $477 million in exports and $203 million in imports were recorded this year.
He said Afghanistan’s main exports to India included dried figs, raisins, saffron, green cumin, and almonds.
According to Akhundzada, the main items imported from India over the past 10 months were sugar, raw materials for industrial factories, new clothing, and roasted chickpeas.
Just last week, JP Singh, Indian foreign ministry’s joint secretary for the Pakistan-Afghanistan-Iran division, visited Kabul and met with Acting Foreign Minister Amir Khan Muttaqi.
The two sides discussed political and economic relations between Afghanistan and India, and people's movements, the Afghan foreign ministry said in a statement.
Muttaqi expressed hope that relations between India and Afghanistan would expand in various fields. He stressed that to develop trade relations, Indian visa facilities should be increased for Afghan citizens, especially businesspersons.
According to the statement, JP Singh said that relations with Afghanistan are important for India and have an ancient history.
The Indian diplomat said that along with humanitarian aid to Afghans, India has also started development assistance to Afghanistan and is engaged in technical discussions with relevant Afghan institutions.
JP Singh stressed that in the near future, negotiations will be held between technical delegations of regional countries including Afghanistan and India on the Chabahar port.
He also promised to increase Indian visa facilities for Afghans.
Business
Iran’s non-oil exports to Afghanistan rise by 31% this solar year
Iran’s imports from Afghanistan also rose sharply, totalling over $33 million, a 192% increase in this period
Iran's non-oil exports to Afghanistan surged by 31% in the first half of this solar year (April to September 2024), totalling over $1.77 billion.
According to Iran’s trade association in Afghanistan, both the value and volume of non-oil exports to Afghanistan saw substantial growth.
Statistics provided by the association indicate that nearly 560,000 tons of Iranian goods, including iron, steel, cement, eggs, and potatoes, were exported to Afghanistan during this period.
Iran’s imports from Afghanistan also rose sharply, totalling over $33 million, a 192% increase in this period.
The primary exports to Iran included barley, corn, peanuts, and chilies.
Business
Private sectors of Afghanistan, Kazakhstan sign contracts worth $100 million
Private sectors of Afghanistan and Kazakhstan have signed contracts worth $100 million during the visit of an Afghan delegation to Almaty recently, the Islamic Emirate of Afghanistan (IEA) announced on Thursday.
The agreements include the export of more than 2,000 tons of dried fruit, the export of fresh fruit, including pomegranates, and the export of cotton, Zabihullah Mujahid, a spokesman for the Islamic Emirate, said on X.
Mujahid said that the Islamic Emirate delegation during its recent visit to Kazakhstan signed a "road map of cooperation between Afghanistan and Kazakhstan in the fields of trade, industry, mining, energy, logistics, agriculture, telecommunications, health, higher education and humanitarian aid.”
He said Kazakhstan also assured that it would provide more facilities for the transit of Afghan goods to China and other countries through Kazakhstan.
The allocation of an area "as a logistics center for Afghan goods" in the port of Khargos was also part of the agreement between the two sides to facilitate the unloading and loading of Afghan traders' goods.
The spokesman of the Islamic Emirate also said that Kazakhstan will participate in the construction of the Torghundi-Herat, Kandahar-Spin Boldak and Mazar-e-Sharif-Kharlachi railway projects.
Mujahid added that Kazakhstan will also participate in the establishment of a trade and transit center in Herat province, which will be used to store and finance trade and transit goods. Meanwhile, Kazakhstan has agreed to establish permanent expo centers for the sale of Afghan goods in various cities of Kazakhstan.
It is worth mentioning that the delegation of the Islamic Emirate led by Nooruddin Azizi, Acting Minister of Industry and Commerce, participated in the three-day exhibition of Afghanistan's domestic products, which was launched on October 21 in Almaty.
The Ministry of Industry and Commerce recently announced that 23 tons of pomegranates from Kandahar province were exported to Almaty through the port of Torghundi.
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