Business
Safety Concept signed to ensure security of Afghan section of TAPI
Turkmenistan and Afghanistan have signed a safety concept agreement to ensure the security of the Afghan section of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline, Turkmenistan’s Ministry of Foreign Affairs reported.
According to Turkmenistan’s Trend news agency, the signing took place on April 15 during a meeting between representatives of the two countries.
The Safety Concept is an important step in the timely implementation of the TAPI gas pipeline project, including the development of a Safety Plan and Protocol, which are annexes to the Host Government Agreement, the foreign ministry’s report said.
The parties exchanged views on the ongoing work on the TAPI gas pipeline construction project and they discussed the implementation of measures to be carried out by the end of August this year.
The Turkmenistan–Afghanistan–Pakistan–India Pipeline (TAPI), also known as Trans-Afghanistan Pipeline, is a natural gas pipeline being developed with the assistance of the Asian Development Bank.
The pipeline will transport natural gas from the Galkynysh Gas Field in Turkmenistan through Afghanistan into Pakistan and then to India. Construction on the project started in Turkmenistan in December 2015.
The length of the Turkmen section of the pipeline will be 205 kilometers in length and will pass through the Afghan cities of Herat and Kandahar (816 kilometers), through the cities of Quetta and Multan across Pakistani territory (819 kilometers), and reach the city of Fazilka in India.
The pipeline’s design capacity is planned to be 33 billion cubic meters of gas per year, and the project’s cost - about $8 billion, Trend reports.
Business
Turkish scholars, charity officials assess investment prospects in Afghanistan
Officials pledged to encourage Turkish investors to explore and capitalize on investment opportunities in Afghanistan
Afghanistan’s Acting Minister of Energy and Water, Mullah Abdul Latif Mansoor, met with a delegation of Turkish scholars and officials from the Adif Charity Foundation on Tuesday to discuss various political, religious, and social issues.
According to the Ministry of Energy and Water, Mullah Mansoor praised Adif’s humanitarian efforts in Afghanistan and highlighted the country’s ample resources for energy production.
He emphasized that Afghanistan currently offers a favorable environment for investment in all sectors, assuring the Turkish delegation of the Islamic Emirate’s commitment to ensuring the safety and security of investors and their assets.
In response, Adif officials pledged to encourage Turkish investors to explore and capitalize on investment opportunities in Afghanistan, signaling a potential boost in economic and developmental cooperation between the two nations.
Business
Uzbek envoy to Pakistan discusses Trans-Afghan Railway project with Pakistani minister
The Trans-Afghan Railway project is expected to serve as a powerful stimulus for trade and economic integration among numerous countries in the region
Regional connectivity projects including the Termez-Kabul railway line, the Trans-Afghan Railway, and the multimodal Belarus-Russia-Kazakhstan-Uzbekistan-Afghanistan-Pakistan transport corridor, are key to the region’s success, the Ambassador of Uzbekistan to Pakistan Alisher Tukhtayev said during a meeting with Pakistan’s Defense Minister Khawaja Asif on Friday.
The two officials discussed a range of issues as well as coordinating efforts to ensure stability and deepen economic integration in the region.
Asif however pointed out that Tashkent has become an important hub for regional cooperation, Pakistani media reported Monday.
Special focus was given to the implementation of the Trans-Afghan Railway project, which is expected to serve as a powerful stimulus for trade-economic integration to numerous countries.
The ambassador said the governments of Uzbekistan, Pakistan, and Afghanistan are actively cooperating in the implementation of joint economic and infrastructure projects and one of them is the construction of the Trans-Afghan Railway.
He said the “Termez-Kabul-Peshawar” railway project plays an important role in restoring ties of regional connectivity between Central and South Asia.
He added that once the project is launched, the volume of trade will increase significantly and shipping costs will decrease.
Tukhtayev said the railway connectivity will contribute hugely to regional stability and overall prosperity by aiding Afghanistan’s economic recovery.
He also said the project will facilitate the delivery of Uzbek goods to world markets through Pakistani ports and will open up a new route for Pakistan to export its products to Central Asian, and European markets.
According to him, the Trans-Afghan railway will be able to carry up to 20 million tons of cargo per year, and transportation costs will decrease by 30-35% and timing of deliveries will be cut from two weeks to three to four days.
He also stated that the international cooperation project on the development of the multimodal transport corridor Belarus-Russia-Kazakhstan-Uzbekistan-Afghanistan–Pakistan is being actively promoted.
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Business
Pakistan’s central bank reports increase in exports to Afghanistan
Pakistan's exports to Afghanistan increased to more than $291 million in the four months between July and October this year, the State Bank of Pakistan reported.
Pakistan's exports to Afghanistan were worth about $182 million in the same period last year, according to SBP.
Pakistan's exports to seven countries in the region, including Afghanistan, have increased by about 4 percent, it said. Other countries are: China, Bangladesh, Sri Lanka, India, Nepal and Maldives.
This comes as recently, Senior Vice President of Pakistan-Afghanistan Joint Chamber of Commerce and Industry, Zia-ul-Haq Sarhadi, expressed his deep concern over drastic reduction in the bilateral trade with Afghanistan and Central Asian countries.
He said in the recent past the volume of bilateral trade between Pakistan and Afghanistan was around 2.5 billion dollars which has shrunk to mere 700 million dollars.
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