Business
Afghanistan, Pakistan agree to abandon barter trade, establish banking relationships
Afghanistan and Pakistan agreed to abandon barter trade and to establish banking relationships during the two-day talks in Kabul, the Islamic Emirate’s spokesman Zabihullah Mujahid announced late Thursday.
The agreement came during talks between Afghan delegation led by Acting Minister of Industry and Commerce, Nooruddin Azizi, and the Pakistani delegation led by Federal Secretary of Commerce Muhammad Khurram Agha.
It was agreed that the Pakistani side will facilitate the transfer of goods from international containers to regional containers in the ports of Karachi in the next six months, Mujahid said in a statement.
An agreement was made regarding preferential trade, where both sides will give tariff preferences to those 10 items of export goods, 8 of which are agricultural and 2 items are industrial.
The sides agreed on a temporary free license for truck traffic for one year as a trial period, which will be implemented from May 2024.
They also reached an agreement regarding the transfer of goods through the airports of the two countries in the form of multi-modal air transit, which will start in the next two months.
As part of Pakistan’s recent measures regarding Afghanistan’s transit goods, it was agreed that within a week, the mandatory bank guarantee should be removed and insurance should be used as before, in consultation with the parties, the necessary measures will be taken to remove other obstacles.
The export of coal from Afghanistan to Pakistan was also discussed and the Pakistani side expressed its readiness to buy it at the international price, according to the statement.
Earlier Pakistan’s Charge d’Affaires for Afghanistan, Ubaid-ur-Rehman Nizamani said in a video message on Wednesday that the recent trade talks in Kabul had been “successful” and that he hoped this would give fresh impetus to bilateral trade between the two countries.
Business
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Business
Afghanistan, Uzbekistan sign 13 trade MoUs worth over $100 million
Thirteen trade and investment memorandums of understanding (MoUs) worth more than $100 million were signed between private sector representatives of Afghanistan and Uzbekistan during a conference held in Kabul on Saturday.
The conference, which brought together business leaders and officials from both countries, focused on expanding bilateral economic cooperation, increasing trade volume, and identifying new investment opportunities.
Speaking at the event, Nooruddin Azizi, Minister of Industry and Commerce of Afghanistan, said economic relations between Afghanistan and Uzbekistan have gained notable momentum in recent months. He stressed that Afghanistan is actively working to strengthen regional trade ties and create a more favorable environment for investors.
Azizi added that Afghanistan offers significant investment potential, particularly due to its available workforce and emerging opportunities across multiple sectors, and is ready to welcome joint ventures with foreign partners.
Officials from the Ministry of Industry and Commerce of Afghanistan said the government has facilitated around $2 billion in investment across various sectors over the past year, reflecting growing investor interest in the country’s economy.
The Uzbek delegation also reiterated its commitment to expanding economic relations with Afghanistan, describing the agreements as an important step toward deeper regional cooperation.
Amanbay Orynbayev, head of Uzbekistan’s Karakalpakstan delegation, said his country places strong emphasis on long-term, transparent, and reliable economic partnerships. He encouraged Afghan traders to take advantage of joint investment opportunities to access new regional markets.
The Afghan private sector welcomed the agreements, expressing hope that increased trade engagement and business exchanges will further strengthen economic ties between the two neighboring countries.
Officials noted that the total value of agreements signed between Afghanistan and Uzbekistan has now exceeded $1.5 billion. If implemented effectively, these commitments are expected to contribute to increased trade flows and broader economic growth in Afghanistan.
Business
New Afghanistan-China transport corridor launched via Turkmenistan
A new multimodal freight corridor linking China and Afghanistan via Turkmenistan has been officially launched, aiming to improve the speed and efficiency of overland cargo transportation across Central Asia.
According to the Turkmenistan Embassy in London, the country has become part of a newly established route designed to accelerate freight deliveries between China and Afghanistan.
The corridor, developed with the involvement of Uzbekistan Railways’ subsidiary Uztemiryulcontainer, covers approximately 7,400 kilometers and is expected to reduce transit time to around 30 days, improving overall logistics efficiency.
Under the new route, containers are transported by rail from China through the Altynkol station in Kazakhstan, continuing via Uzbekistan to a logistics hub in Bukhara. From there, cargo is transferred to road transport and moved across Turkmenistan before reaching Herat in Afghanistan.
Officials say the new system integrates rail and road networks into a unified logistics chain, making transport more predictable and efficient.
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Business2 days agoAfghanistan, Uzbekistan sign 13 trade MoUs worth over $100 million
