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Pakistan’s PM lands in Beijing to discuss economy, debt

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Pakistan’s Prime Minister Shehbaz Sharif arrived in Beijing on Tuesday to meet Chinese leaders and discuss plans for the China Pakistan Economic Corridor (CPEC), a $65 billion investment in the South Asian nation.

The major investment in development and energy projects in Pakistan is part of President Xi Jinping’s Belt and Road Initiative (BRI) to improve China’s road, rail and sea routes with the rest of the world, Reuters reported.

Islamabad and Beijing are considered longtime close allies, and Sharif is also expected to discuss security issues while on his visit.

On his two-day maiden visit to Beijing since taking office in April, Sharif will also seek some debt relief from China, in particular the rolling over of bilateral debt, an aide travelling with the prime minister told Reuters.

Chinese loans – around $23 billion – make up the largest chunk of Pakistan’s $27 billion of bilateral debt.

Sharif will be one of the first leaders to meet Xi since he secured a third term in power.

Pakistan had been struggling with a balance of payments crisis even before devastating floods hit the country over the summer, causing it an estimated $30 billion or more in losses.

“My discussions with the Chinese leadership will focus on revitalization of CPEC among many other things,” Sharif said in a statement adding that he will be meeting Xi and other Chinese executives while there.

Sharif’s government alleges that the CPEC project was slowed down during the tenure of ousted former premier Imran Khan, a charge the latter denies.

Sharif’s delegation among others includes the finance and energy ministers.

Pakistan has indicated previously that it will seek bilateral debt relief to lessen its balance of payment problems, but it hasn’t made any official announcement on whether it will formally ask Beijing for such help.

Pakistan’s central bank reserves have fallen to as low as $7.4 billion, barely enough for one and a half months of imports.

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Russia calls UN report on Afghan opium ‘political propaganda’

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Russia’s Foreign Ministry has called a United Nations report on Afghan opiates “tailor-made political propaganda” saying such publications do not help combat drug trafficking in Afghanistan.

The ministry said that the UN Office on Drugs and Crime (UNODC) report, published in late October, recorded an increase in the cultivation, production and distribution of Afghan opiates for the first time since the Islamic Emirate of Afghanistan (IEA) imposed a ban in 2022.

The Russian Foreign Ministry said the report, which the IEA has already rejected as politically motivated, appears unbalanced and relies on indirect evidence, including satellite images that are open to different expert interpretations.

According to UN estimates cited in the report, the area under poppy cultivation increased from 10,200 hectares in 2025 to 43,300 hectares in 2026, while opium production rose from 300 tonnes to 1,470 tonnes.

The ministry acknowledged that Afghanistan’s drug problem still exists and said authorities in Kabul are aware of the issue. It added that Afghan security forces conduct almost daily operations in various parts of the country to destroy drug laboratories and seize narcotics.

According to the statement, more than 7.4 tonnes of various narcotics and over 4.7 tonnes of precursor chemicals were seized in Afghanistan over the past week, while two drug laboratories were dismantled.

 

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Afghanistan and Uzbekistan agree on export of 100,000 tons of Bamyan potatoes

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Cooperation between the Afghanistan Chamber of Commerce and Investment and the Uzbekistan Chamber of Commerce has paved the way for exporting potatoes from Bamyan province to the Uzbek market.

In this regard, Sayed Karim Hashemi, President of the Afghanistan Chamber of Commerce and Investment, and Doran Vahabov, President of the Uzbekistan Chamber of Commerce, have agreed on the export of 100,000 tons of Bamyan potatoes to Uzbekistan. Work is underway to finalize the export agreement.

Meanwhile, the first shipment of potatoes, consisting of eight trucks, has departed for the Uzbek city of Termez through the Hairatan Port.

The chambers of commerce of both countries, in cooperation with local authorities in Bamyan, have facilitated connections between traders and farmers and coordinated the purchasing, marketing, and transportation of the produce. This initiative is expected to expand market opportunities for Bamyan farmers and strengthen trade between Afghanistan and Uzbekistan.

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Afghanistan and Russia discuss expanding economic cooperation and boosting investment

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Afghanistan’s Prime Minister, Mullah Mohammad Hassan Akhund, met with Russian Deputy Prime Minister Alexey Overchuk in Kabul on Thursday evening, emphasizing the need to strengthen bilateral relations and expand economic cooperation between the two countries.

According to a statement from the Presidential Palace, several senior officials from both countries attended the meeting, including Afghanistan’s Foreign Minister Amir Khan Muttaqi and representatives of Russia’s political and economic sectors.

Akhund described Afghanistan’s security and stability as favourable conditions for foreign investment and thanked Moscow for recognizing the Islamic Emirate and supporting Afghanistan in international forums.

Meanwhile, Overchuk praised the security situation and developments in Afghanistan, expressing Russia’s interest in investing in various sectors of the country.

He said around 70 representatives of Russia’s private sector were accompanying the delegation and were expected to hold discussions with relevant ministries and institutions of the Islamic Emirate on trade and investment agreements, as well as ways to address existing obstacles.

The Russian deputy prime minister reaffirmed his country’s support for Afghanistan in various fields.

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