Business
Pakistan, Turkmenistan sign accord to implement TAPI project
Pakistan and Turkmenistan signed a joint implementation plan on Thursday to execute the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project.
The ceremony was attended by Prime Minister Shehbaz Sharif and a delegation of Turkmenistan led by Minister of Energy and Water Resources in Islamabad, Dawn newspaper reported.
Pakistan’s State Minister for Petroleum Musadik Malik and Turkmenistan’s State Minister and Chairman of TurkmenGas, Maskat Babayev inked the accord.
The 1,800-kilometre pipeline is expected to carry 33 billion cubic metres of natural gas every year from Turkmenistan’s Galkynysh — the world’s second-largest gas field — to the Indian city of Fazilka. It will pass through Herat and Kandahar, in Afghanistan, and Quetta and Multan in Pakistan.
Speaking on the occasion, Pakistan PM Shehbaz termed TAPI a very important project for the progress of the entire region, adding that it would help the region secure natural gas with concrete assurances and mutually agreed terms and conditions.
Highlighting the significance of energy for developing countries, he said: “We have to negotiate with this challenge through speedy action.”
Shehbaz expressed confidence that the TAPI project would lead to an era of regional cooperation, development, and prosperity. He asked the Pakistani team to expedite its planning and subsequently its execution.
He mentioned that in view of the global situation, energy had become a real challenge. “For a developing country like Pakistan, there is a need for speedy actions to explore the options for energy.”
Later, in a tweet, PM Shehbaz termed the TAPI Joint Implementation Plan “a step forward for the execution of the project”. He said the project was vital to meeting the country’s energy needs.
“Pakistan wants the project to be implemented at fastest speed. In view of costlier fuel prices and gas shortages globally, we are exploring all options to procure all forms of energy on a sustainable basis as part of a comprehensive national energy security plan,” the prime minister said.
He added that the completion of the TAPI project “will be a game-changer for the region in terms of enhanced economic cooperation.”
Business
Afghanistan and Iran discuss boosting trade and investment ties
Both sides agreed to follow up on the issues raised, improve coordination between relevant economic institutions and work towards removing barriers to trade.
Afghanistan and Iran have held talks on expanding bilateral trade, improving cross-border commerce and creating new investment opportunities for businesses in both countries.
The discussions took place during a meeting between a trade delegation from Afghanistan’s Kandahar province and representatives of the Iran-Afghanistan Joint Chamber of Commerce.
The Afghan delegation was led by Kamaluddin Tawhid, Chairman of the Afghanistan-Iran Joint Chamber of Commerce, who met with his Iranian counterpart, Mahmoud Seyadat, along with members of the chamber’s board of directors. Afghanistan’s Consul General in Mashhad, Noor Mohammad Mutawakkil, also attended.
The talks focused on strengthening economic cooperation, streamlining trade procedures at ports and border crossings, and encouraging joint investment by Afghan and Iranian companies.
Participants also raised several practical obstacles affecting commercial activities, including foreign exchange obligations, visa arrangements for Afghan truck drivers and the movement of Afghan freight vehicles through Iranian territory.
Tawhid highlighted Kandahar’s economic potential and investment opportunities across Afghanistan, urging Iranian businesses to play a greater role in the country’s economy.
He also pointed to investment opportunities identified by Afghanistan’s Ministry of Industry and Commerce, stressing the need for improved facilities for private-sector businesses and closer cooperation between the two countries’ commercial communities.
Both sides agreed to follow up on the issues raised, improve coordination between relevant economic institutions and work towards removing barriers to trade.
The meeting concluded with a commitment to strengthen commercial exchanges and expand trade and investment relations between Afghanistan and Iran.
Business
UK-Afghanistan trade falls 16.7% to £70 million over 12 months
Trade in goods and services between the United Kingdom and Afghanistan declined by 16.7 percent to £70 million in the 12 months to the end of June 2026, according to the latest figures published by the UK Department for Business and Trade.
The department’s trade and investment factsheet, released on November 6, shows that bilateral trade fell by £14 million compared with the same period a year earlier.
UK exports to Afghanistan totalled £57 million, down 18.6 percent or £13 million, while imports from Afghanistan stood at £13 million, representing a 7.1 percent decline.
The figures show that goods accounted for £32 million, or 45.7 percent, of total trade, while services made up the remaining £38 million, or 54.3 percent.
UK exports to Afghanistan included beverages, pharmaceutical products, dairy products, road vehicles and industrial machinery.
Vegetables and fruit were the leading Afghan goods exports to the UK, worth £1.7 million. Clothing and textile fabrics were also among the main products exported.
The report ranks Afghanistan as the UK’s 166th-largest trading partner, accounting for less than 0.1 percent of the UK’s total trade during the period.
Business
Afghanistan and Russia discuss expanding trade and investment ties
Both sides highlighted the importance of closer cooperation between the Afghan and Russian private sectors.
Afghanistan and Russia have discussed ways to strengthen bilateral trade, expand private-sector cooperation and attract new investment during a meeting in Kabul.
Inayatullah Sediqzi, Deputy Head of the Afghanistan Chamber of Commerce and Investment (ACCI) for Services, met with Russian Ambassador to Afghanistan Dmitry Zhirnov on the sidelines of an event marking Russia’s National Unity Day on Wednesday, November 4.
The event was hosted by the Russian Embassy in Kabul.
According to a statement from the ACCI, discussions focused on boosting economic relations, increasing bilateral trade and creating greater opportunities for businesspeople and investors from both countries.
Both sides highlighted the importance of closer cooperation between the Afghan and Russian private sectors, exploring new areas of economic partnership and establishing stronger direct links between their respective business communities.
The discussions reflect Afghanistan’s continued efforts to expand economic engagement with regional and international partners, with increased trade, private-sector development and foreign investment remaining key priorities.
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