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ADB suspends TAPI project until IEA gains international recognition

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(Last Updated On: March 10, 2022)

The Asian Development Bank (ADB) has confirmed that work on the trans-nations Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project has been suspended until the Islamic Emirate of Afghanistan (IEA) government has gained international recognition.

In response to an email sent to the ADB by Ariana News, an official confirmed that the project has been put on hold.

He said the ADB “has paused all its TAPI project due diligence and processing activities until further notice.”

According to the ADB, while the international community continues to assess the evolving situation in Afghanistan, the bank has decided to hold off on its assistance in Afghanistan. The official said the ADB however continues to consult with its shareholders and other stakeholders to monitor the situation in Afghanistan.

The $10 billion TAPI project to transport Turkmen natural gas through Afghanistan to Pakistan and India is one of the largest economic projects to date in the region.

“Some time ago, the Pakistani Minister of Economy said that we have a security problem and we cannot complete this project, and they have a problem with the fact that they want to eliminate India, but India will not be eliminated by Turkmenistan, which in fact is India’s last TAPI station, ” said Sayed Massoud an economic analyst.

IEA officials meanwhile said about two weeks ago that they had met with the TAPI project chief executive and the Turkmen ambassador to Kabul to discuss the project.

“The TAPI project is so important that it will change not only Afghanistan but also the region’s economy, and its first implication for Afghanistan is that it gives Afghanistan an international value.

“Second, common economic provisions create security and increase economic cooperation,” said Shirbaz Kaminzada, the President of the Afghanistan Chamber of Industries and Mines.

The TAPI project stretches for about 1,800 km and will transport about 33 billion cubic meters of Turkmen natural gas annually through Afghanistan to Pakistan and India.

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Azizi calls on Malaysian investors to invest in Afghanistan

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(Last Updated On: April 24, 2024)

Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.

The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.

According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.

According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.

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Afghanistan starts exporting via railway to Turkey

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(Last Updated On: April 22, 2024)

The Ministry of Interior says that Afghanistan has started exporting goods to Turkey via the Herat-Khaf railway line.

In a post on X, the ministry said: “Afghanistan’s exports to Turkey started in a calm atmosphere through the Herat-Khaf railway line.”

The ministry added that one train will run daily for a month and then two trains will run daily.

According to the ministry, the security of Khaf-Herat railway line is provided by the guards of the National Public Protection Agency.

Khaf-Herat railway project not only connects Iran and Afghanistan by rail, but also completes a 2,000-kilometer route along the east-west rail corridor from China, through Uzbekistan, to Afghanistan, to Iran, and on to Turkey and Europe.

As a landlocked country, this railway network will provide a safe route to connect with Europe via Iran’s railway network and Iran’s southern ports.

This railway line is strategic for trade between Iran and Afghanistan and will allow six million tons of goods to be sent between the two countries.

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Afghanistan, Kazakhstan to hold joint expo in Kabul

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(Last Updated On: April 21, 2024)

A joint expo between Afghanistan and Kazakhstan will be held in Kabul in the next four days, officials said on Sunday.

Officials of the Ministry of Industry and Commerce said that the two-day expo will be held for the purpose of expanding and strengthening trade relations between the two countries.

“This expo will be held as a follow-up of the Kazakh-Afghan international expo, which was held in the city of Astana, Kazakhstan, with the participation of a large delegation of the government and the private sector of the Islamic Emirate of Afghanistan,” Abdulsalam Javad Akhundzadeh, the spokesman of the Ministry of Industry and Commerce, said.
“At this expo, domestic products from different sectors of Afghanistan and the Republic of Kazakhstan will be put on display for two days.”

According to officials, 40 large Kazakh companies, and 40 large Afghan companies will exhibit their products.

Mohammad Saber Latifi, head of the Afghanistan International Expo Center, said that fruits, minerals and commercial services will be displayed at the expo.

During the expo, various memorandums of understanding for the trade of goods are also expected to be signed by companies.

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