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DAB welcomes US court decision to not use $3.5 billion to pay 9/11 victims 

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Da Afghanistan Bank on Wednesday welcomed the decision of a US District Court decision not to use $3.5 billion of Afghanistan’s frozen assets to pay compensation to the victims of 9/11.
 
“Afghanistan’s foreign exchange reserves are assets of Afghans, which are used according to the law for the purpose of monetary stability, strengthening the financial system & facilitating trade with the world,” DAB said in a statement Wednesday.
 
“The people of Afghanistan want the restrictions imposed on the country’s foreign exchange reserves to be completely removed so that the suffering people can be freed from psycho-economic problems,” DAB said. 
 
“Da Afghanistan Bank – is ready to cooperate comprehensively with the countries of the world & related organizations to resolve international concerns,” read the statement. 
 
This comes after a US judge decided on Tuesday that victims of the Sept. 11, 2001, attacks are not entitled to seize $3.5 billion of assets belonging to Afghanistan’s central bank to satisfy court judgments they obtained against the Islamic Emirate of Afghanistan (IEA), Reuters reported.
 
US District Judge George Daniels in Manhattan said he was “constitutionally restrained” from finding that the IEA was Afghanistan’s legitimate government, a precursor for attaching assets belonging to Da Afghanistan Bank, or DAB.
 
Daniels said letting victims seize those assets would amount to a ruling that the IEA are Afghanistan’s legitimate government.
 
He said US courts lack power to reach that conclusion, noting that the Biden administration does not recognize the IEA as Afghanistan’s government, read the report.
 
“The judgment creditors are entitled to collect on their default judgments and be made whole for the worst terrorist attack in our nation’s history, but they cannot do so with the funds of the central bank of Afghanistan,” Daniels wrote.
 
“The Taliban [Islamic Emirate of Afghanistan] – not the former Islamic Republic of Afghanistan or the Afghan people – must pay for the IEA’s liability in the 9/11 attacks,” he added.
 
Nearly 3,000 people died on Sept. 11, 2001, when planes were flown into New York’s World Trade Center, the Pentagon in northern Virginia, and a Pennsylvania field.

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Afghanistan and Iran agree to expand trade cooperation and upgrade border infrastructure

Araghchi praised Afghanistan’s efforts to combat narcotics and commended the Islamic Emirate’s role in promoting economic stability in the country.

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Afghanistan and Iran have agreed to strengthen economic cooperation, expand border infrastructure and improve customs operations during a meeting between their senior officials in Tehran.

According to a statement by Afghanistan’s Ministry of Finance, Minister of Finance Mohammad Nasir Akhund and his accompanying delegation met with Iranian Foreign Minister Seyed Abbas Araghchi at the Iranian Ministry of Foreign Affairs during an official visit to Iran.

The discussions focused on organizing the next meeting of the two countries’ Joint Economic Cooperation Commission, expanding border infrastructure at the Abu Nasr Farahi customs crossing and accelerating its reconstruction process.

Both sides also discussed operating customs facilities around the clock and speeding up efforts to increase the capacity of the Dogharoon, Mahirud and Milak border crossings.

According to the ministry, Araghchi praised Afghanistan’s efforts to combat narcotics and commended the Islamic Emirate’s role in promoting economic stability in the country.

The Iranian foreign minister also assured Afghanistan of Tehran’s full cooperation in economic and political affairs.

The meeting comes as Afghanistan and Iran seek to strengthen cross-border trade, improve transit facilities and expand bilateral economic relations.

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Afghanistan’s absence from ECO foreign ministers’ meeting raises questions

Afghanistan’s absence comes despite its ECO membership and its strategic geographical position as a major transit corridor linking Central Asia with South Asia and the Middle East.

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The two-day meeting of foreign ministers of the Economic Cooperation Organization (ECO) began in Islamabad, Pakistan, on Sunday, without the participation of a delegation from the Islamic Emirate of Afghanistan.

Representatives from the organization’s 10 member states are discussing ways to expand economic cooperation, boost regional trade and strengthen connectivity. Pakistan, which currently holds the organization’s rotating chairmanship, has identified stronger trade and transit relations among member states as a key priority.

Afghanistan’s absence comes despite its ECO membership and its strategic geographical position as a major transit corridor linking Central Asia with South Asia and the Middle East.

Central Asian countries can use Afghanistan’s territory to access Pakistani and Iranian ports, as well as wider regional markets, making the country an important part of regional trade and connectivity initiatives.

Economic analysts say political differences should not prevent member states from pursuing economic cooperation. They warn that excluding or sidelining Afghanistan from such regional meetings could undermine ECO’s economic and transit objectives.

ECO was established in 1985 by Iran, Türkiye and Pakistan. In 1992, the organization expanded with the admission of Afghanistan and six other countries, bringing its membership to 10 states.

The combined gross domestic product of ECO member countries is estimated at around $3 trillion.

Experts say that without Afghanistan’s active participation, regional connectivity projects may struggle to achieve their full economic and transit potential.

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Turkey detains 35 Afghan migrants attempting to reach Greece

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Turkish police have detained 35 Afghan migrants attempting to cross into Greece by sea in the northwestern province of Balikesir, while four suspects accused of migrant smuggling were also apprehended.

Police seized 12 life jackets, lifebuoys and three pumps during the operation.

Following police procedures, three of the four suspects were remanded in custody by a court, while the fourth was released under judicial supervision.

The 35 Afghan migrants were transferred to an Irregular Migrant Pre-Reception and Referral Center.

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