Business
China, Afghanistan, Pakistan, Nepal agree to jointly fight COVID-19
China, Pakistan, Afghanistan and Nepal have agreed to work together to strengthen cooperation and boost economic recovery during their fight against the COVID-19 pandemic.
The agreement was reached during a video conference on Monday night between Afghanistan’s Acting Foreign Minister Haneef Atmar, China’s State Councilor and Foreign Minister Wang Yi, Pakistan’s Foreign Minister Shah Mahmood Quresh and Nepal’s Foreign Minister Pradeep Kumar Gyawali.
وزرای خارجه افغانستان، چین، پاکستان و نیپال در جریان اجلاس چهارجانبه خویش روی همکاری صحی، اقتصادی و تامین آتش بس بشردوستانه در افغانستان تاکید نمودند.@Granhewad pic.twitter.com/oPsXFC4GrG
— MFA Afghanistan 🇦🇫 (@mfa_afghanistan) July 27, 2020
During the conference, the ministers discussed ways to boost cooperation in their countries’ fight against coronavirus and ways to boost economic recovery in light of the pandemic, the Associated Press of Pakistan reported.
Wang Yi said that as a neighbor and partner, China stands ready to continue to work with Afghanistan, Pakistan, and Nepal to overcome difficulties, safeguard people’s health, promote the resumption of work and production and enhance people’s livelihood until the pandemic is over.
The ministers from Afghanistan, Pakistan and Nepal said the three sides are willing to deepen cooperation with China to fight COVID-19, ensure the flow of trade and transport corridors, facilitate people-to-people and trade connection, build a “silk road of health” and community of a shared future for humanity.
According to the Associated Press of Pakistan, the foreign ministers also stressed the importance of promoting the resumption of key cooperation projects and expanding new areas of digital cooperation.
More efforts are needed to promote the joint efforts of the Belt and Road and explore ways to synergize the China-Pakistan Economic Corridor (CPEC) and the Trans-Himalayan Multi-Dimensional Connectivity Network, the foreign ministers said.
Wang Yi said: “We should support the international system with the United Nations at its core and the international order based on international law, and safeguard the common interests of developing countries.”
Business
Afghani strengthens nearly 10% against US dollar amid banking sector reforms
The bank said it has expanded oversight of financial institutions and private lenders, improving transparency and promoting more consistent standards across the sector.
Afghanistan’s central bank, Da Afghanistan Bank, says the national currency has appreciated by 9.93% against the US dollar during the year 1404, citing steady progress in the country’s financial and banking systems.
Officials attributed the gains to cautious monetary policies that have helped stabilise the Afghani against major global currencies while also boosting its value against the dollar.
The bank said it has expanded oversight of financial institutions and private lenders, improving transparency and promoting more consistent standards across the sector.
As part of efforts to better manage liquidity, authorities also collected and destroyed worn-out banknotes in circulation. At the same time, officials reported growth in electronic banking, with digital payment usage rising in recent months.
Central bank spokesperson Haseebullah Noori said initiatives are underway to broaden access to banking services nationwide, including the wider rollout of Islamic banking options.
Analysts welcomed the stabilisation efforts but stressed the need to address ongoing challenges facing domestic banks, including the impact of international financial sanctions on Afghanistan.
They added that expanding Islamic banking could help draw more savings into the formal financial system, noting that a significant share of personal wealth remains outside banks. Bringing those funds into the sector, they said, could inject billions of Afghanis into the economy and further support financial stability.
Business
Uzbekistan delivers over 290 tons of aid to Afghanistan
The assistance, provided ahead of Eid al-Fitr, is intended to support vulnerable communities while reinforcing ties between the neighboring countries.
Uzbekistan has delivered more than 290 tons of humanitarian aid to Afghanistan, according to the country’s Ministry of Foreign Affairs.
The assistance, provided ahead of Eid al-Fitr, is intended to support vulnerable communities while reinforcing ties between the neighboring countries.
The shipment includes essential food supplies such as flour, rice, wheat, vegetable oil, instant meals, pasta, and confectionery. An official handover ceremony was held in the border town of Hairatan.
Local officials, including Balkh province representatives and authorities from Hairatan, expressed appreciation for the continued support, acknowledging Uzbekistan’s efforts to assist the Afghan people.
Among those present at the ceremony were Uzbekistan’s Ambassador to Afghanistan, Oybek Usmanov, and Surkhandarya regional governor Ulugbek Kosimov.
The aid delivery underscores Uzbekistan’s ongoing humanitarian engagement and its broader efforts to promote regional cooperation and stability.
Business
Turkmenistan, Afghanistan discuss steps to speed up land acquisition for TAPI pipeline
By the end of the year, the vessels are expected to deliver about 11,700 pipes as part of preparations for construction of the TAPI pipeline.
Officials from Turkmenistan and Afghanistan have held talks aimed at accelerating land acquisition for the long-planned Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline, according to Afghanistan’s Ministry of Agriculture, Irrigation, and Livestock.
The issue was discussed during a meeting between TAPI project head Murad Amanov, Afghanistan’s acting Minister of Agriculture, Irrigation, and Livestock Mullah Attaullah Omari, and Turkmenistan’s ambassador to Afghanistan Hoja Ovezov.
Amanov briefed Afghan officials on recent progress and emphasized the need to accelerate procedures related to land acquisition and the determination of land prices in line with the framework agreement signed by the four participating countries.
Meanwhile, vessels operated by the Azerbaijan Caspian Shipping Company (ASCO), part of AZCON Holding, have begun transporting pipes for the project. The shipments are being carried from the Port of Baku to the Turkmenbashi International Seaport.
By the end of the year, the vessels are expected to deliver about 11,700 pipes as part of preparations for construction of the TAPI pipeline.
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