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Interest of $270 million earned so far from Afghanistan’s frozen assets

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(Last Updated On: March 14, 2024)

Anwar ul-Haq Ahady, a member of the board of directors of the Afghanistan Trust Fund (ATF) in Switzerland, says the fund has so far earned $270 million in interest.

Ahady told Radio Azadi on Wednesday that this interest, earned from the $3.5 billion, can be used in Afghanistan if necessary.

“Some projects, some basic expenses of the government or the government that they do not have the power to pay and are necessary for the people of Afghanistan are also used there. But in any case, four members of the board must fully agree for such expenses.

“In the last meeting, more than a month ago, on January 29, a decision was made that if the Afghan government cannot pay the loan of the Asian Bank … and they insist that we pay, then it is possible to use this money.

“Because the Asian Bank provides humanitarian aid to Afghanistan and we do not want the humanitarian aid of the Asian Bank to be cut off. Of course, the same ruling was in the case of the World Bank, but this loan was paid by the government itself, so there was no need for us,” Ahady told Liberty radio.

At the same time, Ahady said all four board members need to agree to the spending of this money.

Turkish TRT news channel said in a report on Wednesday that the officials involved in the discussions about the spending of the money of the Afghanistan Trust Fund say for the stability of Afghanistan’s ruined financial system, it is necessary to release this money.

But according to reports, the four board members, Dr. Anwar ul-Haq Ahady, Dr. Shah Mehrabi, Dr. Jay Shambaugh, and Ambassador Alexandra Baumann, could not agree on how to spend the money, almost 18 months after the establishment of the fund.

A source told TRT that while all board members agree that this money should not be touched, the interest earned should go towards helping the people of Afghanistan.

After the return of the Islamic Emirate to power in August 2021, $7 billion belonging to the Central Bank of Afghanistan was frozen in the United States, half of which has been invested in a Swiss trust account.

The other half and is earmarked to be paid over to the families of 9/11 attacks.

The Islamic Emirate has however tried unsuccessfully to have the fund released.

During the republic, Da Afghanistan Bank, which was responsible for the country’s monetary stability, kept this capital abroad as a monetary support.

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Kabir urges Panjshiris to encourage their sons in exile to return home

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(Last Updated On: May 9, 2024)

Mawlavi Abdul Kabir, the political deputy prime minister, urged Panjshir residents to encourage their sons living in neighboring countries to return home as the Islamic Emirate has no enmity with anyone.

At a gathering in Panjshir, attended by senior IEA officials, Kabir said that there is currently no space for ethnic and linguistic discrimination as well as hypocrisy in Afghanistan.

He stressed that all Afghans should work together for the construction, development and prosperity of the country.

According to him, IEA’s political and commercial relations with the world are secure and the government is committed to the development and reconstruction of Afghanistan and is doing its best to gain self-sufficiency.

At this gathering, the IEA’s minister of Propagation of Virtue and Prevention of Vice, Mohammad Khalid Hanafi, said that illegal acts in the country have reached zero and that Daesh does not exist in the country. He also said the people of Panjshir will not be deceived by biased people.

“Currently, there is no corruptor and there is no Daesh fighter in Afghanistan, and no one can provide proof [of their existence]. We are one nation. Our religion and beliefs are one,” said Hanafi.

Some residents of Panjshir also said that they support the Islamic Emirate and will share their challenges with the authorities.

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Minister of Mines and Petroleum visits Mes Aynak copper mine

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(Last Updated On: May 9, 2024)

Shahabuddin Delawar, Acting Minister of Mines and Petroleum, visited the Mes Aynak copper mine area on Wednesday during a trip to Logar province.

According to the ministry, Delawar was accompanied by Khairullah Khairkhaw, Acting Minister of Information and Culture; Zhao Xing, Chinese Ambassador to Kabul; Ziaul Rahman Madani, Governor of Logar; and the deputy minister of energy and water.

The ministry said Delawar and his accompanying delegation visited various areas of Mes Aynak copper mine and Mes Aynak archaeological sites to evaluate progress of work being done on the mine.

Officials of MCC, the company with the contract to mine the copper, also provided an update on work being carried out including an update on the road that will soon be built.

“Most of the problems of the project have been solved and we are ready to start the practical work of the project, and with the practical start of the [Mes] Aynak copper mine project, there will be no damage to the ancient monuments in the area.”

The Acting Minister of Information and Culture also discussed the need to preserve and protect relics at the archeological site and assured the delegation of the ministry’s cooperation.

The deputy minister of energy and water also assured all present of a consistent supply of electricity and water for the mine.

Mes Aynak is the location of Afghanistan’s largest copper deposit, however it also contains artifacts recovered from the Bronze Age, and some of the artifacts recovered have dated back over 3000 years.

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The first flight of Afghan pilgrims leaves for Saudi Arabia

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(Last Updated On: May 9, 2024)

The Ministry of Hajj and Religious Affairs says that the process of transferring Hajj pilgrims from Afghanistan to Saudi Arabia has started.

According to the ministry, about 230 Hajj pilgrims left on Wednesday, May 8, on the first flight to Medina.

The acting minister Noor Mohammad Saqib, said at a departure ceremony for the Afghan pilgrims that this year, in order to provide better services to Hajj pilgrims, the employees of the working committees have been sent to Saudi Arabia earlier than in previous years.

At the same time, Deputy Prime Minister for Administrative Affairs Abdul Salam Hanafi, said to the pilgrims during the ceremony: “Dear pilgrims, you are the representatives of the Afghan people in Saudi Arabia, so do this representation well.”

Hanafi added that with the efforts of the Ministry of Hajj and Religious Affairs, as in previous years, all Hajj activities this year have been prepared in an orderly manner.

Earlier, the acting minister announced that this year’s quota for Afghan pilgrims will be 30,000.

Ariana Afghan Airlines and Kam Air are the official carriers of pilgrims this year.

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