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US commits to Afghan asset talks
US President Joe Biden’s administration will press ahead with talks on releasing billions of dollars in Afghanistan’s foreign-held assets despite late al-Qaeda leader Ayman al-Zawahiri’s presence in Kabul and foot-dragging by the Islamic Emirate of Afghanistan (IEA) and Afghan central bank, according to three sources with knowledge of the situation.
The decision to pursue the initiative to help stabilize Afghanistan’s collapsed economy underscores growing concern in Washington over a humanitarian crisis as the United Nations warns that nearly half the country’s 40 million people face “acute hunger” as winter approaches, Reuters reported.
At the core of the US-led effort, as Reuters reported last month, is a plan to transfer billions in foreign-held Afghan central bank assets into a proposed Swiss-based trust fund.
Disbursements would be made with the help of an international board and bypass the IEA, many of whose leaders are under US and UN sanctions.
US State Department and Treasury officials told independent analysts at an August 11 briefing – 12 days after a CIA drone strike killed al-Qaeda leader Zawahiri on a balcony of his Kabul safehouse – they will pursue the talks despite frustration with the pace, two sources said on condition of anonymity, Reuters reported.
The IEA and Afghan central bank are not acting swiftly, a US official said, according to one source.
The State Department declined to comment on the briefing.
A knowledgeable US source who requested anonymity confirmed the briefing’s substance, Reuters reported.
“The strike did not change the US government’s commitment to setting up the international trust fund” and it is “working with the same speed and alacrity as before the strike,” said the US source.
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Afghanistan expresses condolences after deadly helicopter crash in Qatar
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Pakistan seeks Russian mediation to resolve Afghanistan tensions
Pakistan’s ambassador to Russia, Faisal Niaz Tirmizi, has confirmed that Islamabad has asked Moscow to mediate in the ongoing conflict with Afghanistan.
In an interview with Russian daily Izvestia, Tirmizi said Pakistan is engaging with Russia and appreciates the “wonderful offer” to help resolve tensions. He noted that proposals from Russia, China, Qatar, Turkey, and Saudi Arabia led to an agreement on a temporary ceasefire.
“We tell all our interlocutors: please tell the Taliban (IEA) not to use this opportunity simply to regroup, recuperate, rearm, and re-attack,” Tirmizi said. “Because such large states as Russia or Pakistan cannot be destabilized by terrorist acts.”
The ambassador emphasized that decades of war in Afghanistan have affected not only Kabul and Islamabad but also neighboring countries, including Iran, Tajikistan, Turkmenistan, Uzbekistan, and even Russia. “Therefore, we must all trade with each other, develop education, art, and culture. Terrorism is the wrong way to go,” he added.
The appeal for mediation comes amid rising cross-Durand Line tensions and violence that have killed hundreds and displaced thousands in recent weeks.
Pakistani officials have repeatedly claimed that militant attacks in the country are organized in Afghanistan.
The IEA however denies the claim saying that Afghanistan is not responsible for Pakistan’s “security failure.”
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World must re-engage to prevent all-out Afghanistan-Pakistan war: Financial Times
In an opinion article published on Sunday, Financial Times warned that rising tensions between Afghanistan and Pakistan risk spiraling into a wider conflict, and urged the international community to urgently re-engage with the troubled region.
The publication noted that nearly five years after the Islamic Emirate’s return to power, global attention has largely faded, despite growing instability. It highlighted restrictions on women’s rights and the worsening relationship between Kabul and Islamabad, once close allies.
According to the article, Pakistan’s ties with the IEA have sharply deteriorated since 2021. Islamabad accuses Afghan authorities of harboring militant groups responsible for attacks inside Pakistan—an allegation the IEA denies.
Recent weeks have seen a surge in violence, including cross-Durand Line airstrikes and clashes that have reportedly killed over 1,000 people and displaced more than 100,000. One of the deadliest incidents involved an airstrike on a drug rehabilitation center in Kabul, which Afghan officials say killed hundreds.
The newspaper warned that continued escalation could destabilize South and Central Asia and risk turning Afghanistan into a hub for militant activity once again.
It criticized Pakistan’s military approach, saying airstrikes alone cannot end insurgencies, and called for sustained ceasefire efforts following a temporary truce during Eid al-Fitr.
The editorial urged major powers, including the United States and China, to play a more active diplomatic role. It also pointed to China’s strategic interests in the region and suggested Beijing could step forward as a mediator.
Despite past failed attempts at peace, the Financial Times stressed that the risks are too high for the world to remain disengaged.
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