No Result
View All Result
Global Finances Daily
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers
No Result
View All Result
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers
  • Login
Global Finances Daily
No Result
View All Result
Home Financial Markets

China’s foreign minister to hold talks with the Taliban

May 6, 2023
in Financial Markets
0
China’s foreign minister to hold talks with the Taliban


China’s foreign minister will meet officials from the Taliban at the weekend as Beijing explores boosting investment in Afghanistan, including bringing the crisis-hit country into its Belt and Road infrastructure project.

Qin Gang will hold talks on Saturday in Pakistan with Afghanistan’s acting foreign minister, Amir Khan Muttaqi, and Pakistan’s Bilawal Bhutto Zardari on Saturday as part of the China-Pakistan-Afghanistan Trilateral Foreign Ministers’ Dialogue.

The three ministers will discuss “regional stability and transit”, according to Afghanistan’s foreign ministry, along with boosting trade ties.

The meeting comes after China’s foreign ministry said last month that it “welcomes Afghanistan’s participation in Belt and Road co-operation and supports Afghanistan’s integration into regional economic co-operation and connectivity”.

Since ousting the Nato-backed government in 2021 after two-decades of war, the Taliban have courted global powers including China and Russia for investment to shore up the crumbling economy and ease the regime’s international isolation.

This includes efforts to attract Chinese infrastructure investment to connect Afghanistan with neighbours, such as Pakistan, through BRI.

Beijing has invested billions in Pakistan through the ambitious China-Pakistan Economic Corridor, an under-construction network of roads, trains and ports which is ultimately expected to be worth up to $60bn.

“The idea is to engage Afghanistan in economic activity that has already linked China and Pakistan together,” a Pakistani official told the Financial Times.

Chinese and Afghan officials said in January that the state-run Xinjiang Central Asia Petroleum and Gas Company had agreed a deal to drill for oil in the country. The Taliban also last year agreed a deal with Russia to source oil and wheat.

But while Afghanistan’s rich, unexplored reserves of minerals such as lithium and copper have long enticed foreign nations, meaningful investment in infrastructure or mining has so far proved prohibitively difficult because of the precarious security situation.

State-owned China Metallurgical Group Corporation in 2007 secured the rights to Mes Aynak, one of the world’s largest known copper reserves, but did not develop it.

Afghanistan has suffered an economic catastrophe since the Taliban’s return prompted the US and its allies to cut off most financing.

UN secretary-general António Gutteres this week said the country was trapped in “the largest humanitarian crisis in the world today”. Around 28mn people, or two-thirds of its population, require aid with six million people approaching famine, according to the UN.

The Taliban have also imposed their hardline ideology, banning girls and women from education and work. This has prompted many foreign governments to break off engagement with the group.

China and Pakistan both consider maintaining ties with the Taliban as vital to their security. Analysts say that Afghanistan is a base for several regional terrorist groups including the Tehreek-e-Taliban Pakistan, which Pakistani officials blame for a surge of violence, as well as Uyghur militant group the East Turkestan Islamic Movement.

The deteriorating situation has provoked alarm around the region. Russia’s foreign minister Sergei Lavrov met his Pakistani counterpart Bhutto Zardari this week in India, at which the pair discussed the situation in Afghanistan.

In remarks to journalists, Lavrov said he expected the Taliban to “deliver (on) their promises to come up with an inclusive government . . . [and] ensuring the representation of the full spectrum of political forces in Afghanistan”. He added: “This hasn’t been done yet.” 

Editorial Team

Editorial Team

Related Posts

Jeffrey Gundlach says it's a ‘going nowhere’ market, warns of private credit strains
Financial Markets

Jeffrey Gundlach says it’s a ‘going nowhere’ market, warns of private credit strains

March 23, 2026
Brent oil prices claw back losses to top $100 again after hours
Financial Markets

Brent oil prices claw back losses to top $100 again after hours

March 23, 2026
If you’re trying to avoid an IRS audit, leave these three things alone on your tax return
Financial Markets

If you’re trying to avoid an IRS audit, leave these three things alone on your tax return

March 23, 2026
Social Security doesn't let Americans 'build wealth': BlackRock's Fink
Financial Markets

Social Security doesn’t let Americans ‘build wealth’: BlackRock’s Fink

March 23, 2026
DraftKings and MGM shares rise as new bill threatens to ban sports gambling on Kalshi, Polymarket
Financial Markets

DraftKings and MGM shares rise as new bill threatens to ban sports gambling on Kalshi, Polymarket

March 23, 2026
Stocks making the biggest moves midday: Palantir, Flutter, United Airlines, Synopsys, Insmed & more
Financial Markets

Stocks making the biggest moves midday: Palantir, Flutter, United Airlines, Synopsys, Insmed & more

March 23, 2026
Load More
Next Post
The AES Corporation (AES) Q1 2023 Earnings Call Transcript

Ducommun Incorporated (DCO) Q1 2023 Earnings Call Transcript

Popular News

  • Josh Garber

    How to Contact Hilton Customer Service

    0 shares
    Share 0 Tweet 0
  • TAP Airline Portugal Partners: What to Know

    0 shares
    Share 0 Tweet 0
  • Ich habe meine Haare radikal gekürzt & fühle mich frei

    0 shares
    Share 0 Tweet 0
  • Outright property owners on the rise as cash-rich Britons pay off mortgages

    0 shares
    Share 0 Tweet 0
  • The Guide to Fort Lauderdale-Hollywood International Airport (FLL)

    0 shares
    Share 0 Tweet 0

Latest News

Ethereum News: Bitmine Stakes $215M in ETH, Why Does It Matter?

Ethereum News: Bitmine Stakes $215M in ETH, Why Does It Matter?

March 23, 2026
0

In a significant shift for institutional participation, Bitmine Immersion Technologies Inc. has executed one of the largest recent staking transactions,...

Gilead boosts immunology pipeline with over $2 billion buyout of Ouro Medicines

Gilead boosts immunology pipeline with over $2 billion buyout of Ouro Medicines

March 23, 2026
0

Gilead boosts immunology pipeline with over $2 billion buyout of Ouro Medicines

Jeffrey Gundlach says it's a ‘going nowhere’ market, warns of private credit strains

Jeffrey Gundlach says it’s a ‘going nowhere’ market, warns of private credit strains

March 23, 2026
0

DoubleLine Capital CEO Jeffrey Gundlach said markets are stuck in a holding pattern with few assets delivering meaningful returns, as...

Solana

What’s Going On Between The XRP And Solana Community On X?

March 23, 2026
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A weekend controversy involving a Solana executive...

Global Finances Daily

Welcome to Global Finances Daily, your go-to source for all things finance. Our mission is to provide our readers with valuable information and insights to help them achieve their financial goals and secure their financial future.

Subscribe

  • About Us
  • Contact
  • Privacy Policy
  • Terms of Use
  • Editorial Process

© 2025 All Rights Reserved - Global Finances Daily.

No Result
View All Result
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers

© 2025 All Rights Reserved - Global Finances Daily.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.