Pakistan, Afghanistan open Chaman border crossing after nearly a month

Pakistan and Taliban flags are seen on their respective sides near Friendship gate at a border crossing point in Chaman, Pakistan on August 27, 2021. (AP/File)
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Updated 02 November 2021
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Pakistan, Afghanistan open Chaman border crossing after nearly a month

  • The Friendship Gate at Chaman is the second major border crossing between the two neighboring countries
  • Business community says the decision to close the border cost them about $857,000 in daily trade

ISLAMABAD: Pakistan and Afghanistan have opened the Friendship Gate at Chaman-Spin Boldak border crossing after about a month, Pakistan’s envoy to Kabul said on Tuesday.
The Chaman border crossing, which links Pakistan’s Balochistan province with Afghanistan’s Kandahar region, remained for nearly three weeks, though the authorities opened it for one day during this period to allow the movement of people on humanitarian grounds.
Local business community told Arab News last week the closure of Friendship Gate, one of Pakistan’s major border crossing points with Afghanistan, had cost them about Rs150 million ($857,942) per day due to the suspension of trade in the area.
The crossing is also a vital revenue source for Afghanistan’s cash-strapped government.
Pakistan’s ambassador to Afghanistan Mansoor Ahmed Khan announced in a Twitter post on Tuesday that Chaman-Boldak gate was now open and pedestrians and goods carrying vehicles had started crossing the border.
“We welcome Afghan fruit trucks moving to Pakistan,” he wrote. “Urge all concerned on both sides to devote their energies to ensure smooth movement of people & trucks.”

 

 

A day earlier, on Monday night, the ambassador said on the social media platform that “the two sides will ensure facilitative movement of people & trade/transit vehicles.”

 

 

The Pakistan-Afghanistan Joint Chamber of Commerce and Industry applauded the decision of the two countries in a statement after they opened the border to once again facilitate bilateral trade.
“The hiatus has caused huge financial losses and mental distress to border based businesses and farmers who witnessed ruining of their produce especially in this export season,” the trade body said, as it maintained “both sides must keep communication channels open to ensure that border remains open and a framework is developed to address routine as well as conditions arising out of force majeure closure of borders immediately.”
As Afghanistan sinks deeper into economic crisis, neighboring countries have become increasingly worried about a mass movement of refugees.
Pakistan’s foreign secretary Sohail Mahmood briefed Australia’s special representative on Afghanistan on urgent humanitarian and economic challenges facing Afghan people while stressing the need for immediate steps to alleviate their sufferings.
“The release of Afghanistan’s financial assets was another step that would be helpful in this regard,” the foreign office quoted him as saying in a statement.
The foreign secretary highlighted the measures taken by Pakistan to provide humanitarian assistance to the war-battered country, promote bilateral trade and economic cooperation, “regulate cross-border movement of people, foster further coordination among Afghanistan’s neighbors, and advance the regional connectivity projects.”


Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

Updated 05 March 2026
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Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

  • Pakistan has sought Saudi help to secure oil supplies via Red Sea port after Iran’s closure of Strait if Hormuz
  • Analyst says higher crude oil prices, expectations of IMF releasing next loan tranche also triggered bullish activity

ISLAMABAD: Pakistani stocks marked a sharp recovery when trading closed on Thursday, as institutional activity increased following Islamabad’s move to seek crude oil supplies through the Red Sea port eased oil supply fears, a financial analyst said. 

Pakistani stocks have recorded a sharp decline this week, with the benchmark KSE-100 index recording its largest-ever single-day decline on Monday when it plunged 16,089 points. Escalating conflict in the Middle East triggered panic selling at the Pakistani bourse, forcing a temporary trading halt on Monday. 

The KSE-100 index, however, gained 3.49 percent or 5,433.46 points to close at 161,210.67 when trading ended on Thursday, up from the previous close of 155,777.21 points, according to Pakistan Stock Exchange’s (PSX) data.

Pakistan’s Petroleum Minister Ali Pervaiz Malik met Saudi Ambassador Nawaf bin Said Al-Malki on Wednesday to discuss Iran’s closure of the key Strait of Hormuz, which has threatened Pakistan’s energy supply. Roughly 20 percent of the global oil and gas supply passes through the route. Saudi Arabia indicated it could facilitate shipments through the Red Sea port of Yanbu, offering an alternative route if Gulf shipping lanes remain disrupted, the petroleum ministry said on Wednesday. 

“Stocks staged a sharp recovery at PSX amid institutional activity on easing fuel supply fears after KSA [Kingdom of Saudi Arabia] commits oil supplies through the Red Sea port,” Ahsan Mehanti, chief executive officer at Arif Habib Commodities, told Arab News.

He said higher global crude oil prices and expectations of the International Monetary Fund releasing its next tranche of the $7 billion loan for Pakistan also helped bullish activity at the PSX.

An IMF mission was in Pakistan to hold talks on the third review of a $7 billion Extended Fund Facility multi-year program, and for the second review of the $1.4 billion Resilience and Sustainability Facility this week.

However, the delegation left for Türkiye amid tensions in the Gulf. Pakistani officials have said talks are likely to continue virtually in the coming days. 

Pakistani brokerage Topline Securities said in its daily market review report that strong institutional buying “turned the tide” on Thursday after the market’s recent overreaction to regional issues.

The report added that Hub Power Company (HUBC), Oil & Gas Development Company (OGDC), Fauji Fertilizer Company (FFC), Engro Corporation (ENGROH), and Meezan Bank Limited (MEBL) collectively contributed 2,197 points to the KSE benchmark’s gain.

Topline Securities said 723 million shares were traded on Thursday, with K-Electric Limited (KEL) stealing the spotlight as more than 1.17 billion shares changed hands.

Pakistani investors are closely monitoring developments in the Gulf, particularly around energy routes and further retaliatory actions, as the conflict’s trajectory remains uncertain.