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Afghanistan and Russia discuss expansion of banking cooperation in Moscow meeting

During the discussion, both sides emphasized the importance of strengthening banking relations and broadening economic cooperation.

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The Afghanistan Embassy in Moscow has announced that a high-level meeting between Afghan diplomats and senior Russian officials took place to explore opportunities for expanding banking and economic cooperation.

Ambassador Gul Hassan Hassan represented Afghanistan in the talks, meeting with Vladimir Chistyukhin, the First Deputy Governor of Russia’s Central Bank.

During the discussion, both sides emphasized the importance of strengthening banking relations and broadening economic cooperation. Ambassador Hassan highlighted key areas for collaboration, including the development of Afghanistan’s banking sector, expanding technical cooperation, and providing professional training. He also proposed establishing direct banking ties and streamlining financial transfers to benefit Afghan traders.

In response, the Russian delegation expressed its strong support for Afghanistan’s efforts to enhance its banking infrastructure. Chistyukhin assured the Afghan side that Russia would continue to assist in building a more robust financial system in Afghanistan, offering both technical support and facilitation measures to improve financial exchanges between the two countries.

This meeting marks a significant step toward deepening financial and economic ties between Afghanistan and Russia, with potential benefits for both nations’ economies.

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Pakistan’s envoy to Afghanistan discusses regional security with top officials in Islamabad

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Pakistan’s Ambassador to Afghanistan, Ubaid Ur Rehman Nizamani, met with Acting President Syed Yousuf Raza Gilani in Islamabad on Friday and briefed him on the regional security situation.

According to Pakistani officials, the discussions focused particularly on security developments affecting Pakistan’s peace and stability.

Earlier on Thursday, Nizamani met with Pakistan’s Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar in Islamabad. The meeting covered regional developments, including the evolving security situation and issues of relevance to Pakistan.

Dar stressed the importance of closely monitoring developments in the region, particularly those that could have implications for peace and security.

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Experts call for dialogue, economic cooperation in Pakistan-Afghanistan ties

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Speakers at a symposium on Pakistan-Afghanistan relations have called for moving beyond a conflict-centered approach and promoting dialogue, economic cooperation, regional connectivity and people-to-people engagement.

Pakistani journalist Tahir Khan reported that the symposium brought together senior government officials, technical experts, former ministers and bureaucrats, former vice chancellors, business and trade representatives, academics and researchers to discuss contemporary challenges and opportunities in Pakistan-Afghanistan relations.

The Area Study Centre (Russia, China and Central Asia) at the University of Peshawar, in collaboration with ASPIRE-KP, hosted the symposium titled “Beyond Pakistan-Afghanistan Conflict: Advancing Regional Peace and Mutual Understanding,” according to a statement posted online by the Area Study Centre.

Former Pakistani senator Mushahid Hussain Sayed, speaking at the event, referred to Chinese President Xi Jinping’s remarks at the Shanghai Cooperation Organization (SCO) summit in Bishkek, Kyrgyzstan, where Xi called for efforts to address conflicts, including the situation in Afghanistan.

“On Ukraine, the Middle East, Afghanistan, and other international and regional hotspot issues, China stands ready to strengthen communication and coordination with all parties, continue tackling both the symptoms and root causes of these issues, and promote political settlement,” Xi said on Tuesday.

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Khyber Chamber demands reopening of Torkham crossing

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The Khyber Chamber of Commerce and Industry has called for the immediate reopening of the Torkham crossing between Pakistan and Afghanistan, saying its prolonged closure has caused billions of dollars in losses. 

Speaking at a press conference in Landi Kotal on Thursday, chamber president Yousuf Afridi urged Pakistan to keep bilateral trade separate from political issues.

Afridi said the border had been closed for almost a year, affecting thousands of traders, transporters, labourers, shopkeepers and customs clearing agents. He accused the federal government of failing to fulfil its commitments to review border policies, promote bilateral trade and address security concerns.

He said Pakistan had so far suffered an estimated $2.5 billion in losses, including $1.64 billion in exports and $817 million in imports. A further Rs7.7 billion had reportedly been lost in provincial cess revenue due to the closure.

Afridi also criticised Pakistan for failing to hold a promised meeting with business representatives on resolving border issues and restoring trade with Afghanistan.

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