ISLAMABAD: Pakistan and Turkmenistan agreed on Wednesday to fast-track a major pipeline project that will allow the Central Asian state to supply natural gas to Pakistan and India via Afghanistan, thereby enhancing economic activity across the region and benefiting all involved countries.
The understanding between the two states was reached during a meeting between Federal Minister for Petroleum Dr. Musadik Malik and Turkmenistan’s Foreign Affairs Rasit Meredow who arrived on a two-day visit to Islamabad on Tuesday.
The Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline will originate from Galkynysh, the world’s second-biggest gas field, and end at the Indian city of Fazilka near the Pakistan border.
If the project is implemented, it will help Turkmenistan supply about 33 billion cubic meters (bcm) of natural gas each year along a route covering a distance of over 1,800 kilometers.
According to an official statement released by the Ministry of Energy’s Petroleum Division, Pakistan and Turkmenistan are working to “expedite” the pipeline project.
“TAPI pipeline project will lower energy costs, which can boost industrial growth, create jobs and foster economic development,” it quoted Pakistan’s petroleum minister as saying during the meeting. “Reliable and affordable energy supplies are vital for industrial sectors and overall economic stability.”
“This project, aimed at fostering economic integration and energy security, has witnessed substantial progress through collaborative efforts,” he continued, stressing the importance of continued engagement between the two countries.
Malik added Pakistan was fully committed to the project which was vital for regional energy cooperation and infrastructure development.
The visiting dignitary expressed appreciation for the warm welcome extended to his delegation by the Pakistani authorities.
“Together we will chalk out a roadmap for cooperation between both countries,” he added.
The meeting was also attended by the CEO of TAPI Pipeline Company Limited.
Other participants of the meeting emphasized the project’s strategic importance in enhancing regional connectivity, promoting economic growth and meeting the energy demands of participating nations.
The TAPI project was envisaged in the early 1990s and officially agreed upon in December 2010.
It has primarily been delayed due to security concerns, geopolitical tensions, funding challenges and bureaucratic hurdles.
Pakistan and Turkmenistan agree to fast-track gas pipeline project involving Afghanistan and India
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Pakistan and Turkmenistan agree to fast-track gas pipeline project involving Afghanistan and India
- TAPI pipeline project was envisaged in the early 1990s and officially agreed upon in December 2010
- It has been primarily delayed due to security concerns, funding challenges and bureaucratic hurdles
Pakistan terms climate change, demographic pressures as ‘pressing existential risks’
- Pakistan has suffered frequent climate change-induced disasters, including floods this year that killed over 1,000
- Pakistan finmin highlights stabilization measures at Doha Forum, discusses economic cooperation with Qatar
ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb on Saturday described climate change and demographic pressures as “pressing existential risks” facing the country, calling for urgent climate financing.
The finance minister was speaking as a member of a high-level panel at the 23rd edition of the Doha Forum, which is being held from Dec. 6–7 in the Qatari capital. Aurangzeb was invited as a speaker on the discussion titled: ‘Global Trade Tensions: Economic Impact and Policy Responses in MENA.’
“He reaffirmed that while Pakistan remained vigilant in the face of geopolitical uncertainty, the more pressing existential risks were climate change and demographic pressures,” the Finance Division said.
Pakistan has suffered repeated climate disasters in recent years, most notably the 2022 super-floods that submerged one-third of the country, displaced millions and caused an estimated $30 billion in losses.
This year’s floods killed over 1,000 people and caused at least $2.9 billion in damages to agriculture and infrastructure. Scientists say Pakistan remains among the world’s most climate-vulnerable nations despite contributing less than 1 percent of global greenhouse-gas emissions.
Aurangzeb has previously said climate change and Pakistan’s fast-rising population are the only two factors that can hinder the South Asian country’s efforts to become a $3 trillion economy in the future.
The finance minister noted that this year’s floods in Pakistan had shaved at least 0.5 percent off GDP growth, calling for urgent climate financing and investment in resilient infrastructure.
When asked about Pakistan’s fiscal resilience and capability to absorb external shocks, Aurangzeb said Islamabad had rebuilt fiscal buffers. He pointed out that both the primary fiscal balance and current account had returned to surplus, supported significantly by strong remittance inflows of $18–20 billion annually from the Middle East and North Africa (MENA) and Gulf Cooperation Council (GCC) regions.
Separately, Aurangzeb met his Qatari counterpart Ali Bin Ahmed Al Kuwari to discuss bilateral cooperation.
“Both sides reaffirmed their commitment to strengthening economic ties, particularly by maximizing opportunities created through the newly concluded GCC–Pakistan Free Trade Agreement, expanding trade flows, and deepening energy cooperation, including long-term LNG collaboration,” the finance ministry said.
The two also discussed collaboration on digital infrastructure, skills development and regulatory reform. They agreed to establish structured mechanisms to continue joint work in trade diversification, technology, climate resilience, and investment facilitation, the finance ministry said.
