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Afghanistan’s economy not dependent on foreign aid, says deputy minister Nazari
Deputy Minister of Economy Abdul Latif Nazari responded to a report published by the U.S. Special Inspector General for Afghanistan Reconstruction (SIGAR), stating that Afghanistan’s economy is not reliant on foreign aid to the extent that it would collapse if such aid were cut off.
“Afghanistan’s economy is not dependent on foreign aid to the extent that it would collapse if such aid were suspended. However, we believe that humanitarian aid should not be politicized or influenced by shifting power dynamics and political agendas,” said Nazari.
These remarks come after SIGAR, in its latest report to the U.S. Congress, stated that Afghanistan’s monetary stability and the operations of its Da Afghanistan Bank, the country’s central bank, are entirely reliant on cash assistance in U.S. dollars facilitated by the United Nations.
SIGAR warned that without this cash assistance, Afghanistan’s economy would face serious challenges.
SIGAR also expressed concern over the reduction in aid to Afghanistan. According to the report, the U.S. has allocated only about $342 million in humanitarian assistance to Afghanistan for the 2025 fiscal year, while this amount exceeded $968 million in 2023.
Earlier, SIGAR had reported that since 2021, the U.S. has provided over $3.83 billion in assistance to Afghanistan. The agency warns that a sharp decrease in aid—at a time when Afghanistan’s internal needs are growing—has had significant effects on the livelihoods of the Afghan people.
The Organization of Islamic Cooperation (OIC) has announced that its Contact Group on Afghanistan will meet on the sidelines of the 81st session of the United Nations General Assembly in New York.
OIC Secretary-General Ismail Ould Cheikh Ahmed is leading a high-level delegation from the organization’s General Secretariat to participate in the UN General Assembly’s High-Level Week and hold bilateral meetings with heads of delegations from member states as well as senior UN and international officials.
The OIC will also convene its Annual Coordination Meeting of Member States’ Foreign Ministers at UN Headquarters.
According to the organization, several ministerial contact groups and specialized committees will meet on the sidelines of the General Assembly. These include groups focusing on Palestine, Muslim communities and minorities, regional issues in Europe, Jammu and Kashmir, Rohingya Muslims in Myanmar, and Afghanistan.
The OIC did not provide a specific date for the Afghanistan Contact Group meeting.
Ahmad Jan Bilal, General Director of State-Owned Corporations, met with Iran’s Oil Minister Mohsen Paknejad during a visit to Iran to discuss expanding cooperation in the oil and gas sector.
Bilal, accompanied by Mohammad Nasir Rahimi, chief executive of the Afghan state-owned Oil and Gas Corporation, held talks with the Iranian minister on supplying Afghanistan with its oil and gas needs, technical and vocational training, and joint cooperation in oil and gas exploration.
Bilal and his delegation also visited the Iranian Oil Ministry’s research center and oil refineries in Tehran, where they reviewed the facilities’ technical and professional activities and capabilities.
The Iranian side expressed readiness for comprehensive cooperation, necessary coordination and implementation of joint projects in the areas discussed.
At the end of the meeting, both sides introduced joint technical teams tasked with coordinating and following up on the necessary measures to implement the agreed areas of cooperation.
Latest News
Afghanistan condemns mosque attack in Khyber Pakhtunkhwa
At least 16 people were killed and 57 others injured in the blast in Kohat on Friday.
Afghanistan’s Ministry of Foreign Affairs has strongly condemned an attack on a mosque in Kohat city in Khyber Pakhtunkhwa province during Friday prayers.
In a statement issued on Saturday, the ministry’s spokesman described attacks on places of worship as “unjustifiable and condemnable.”
The ministry also expressed sympathy with the families of those killed and injured in the incident.
At least 16 people were killed and 57 others injured in the blast in Kohat on Friday.
No individual or group has so far claimed responsibility for the attack.
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