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ACCI, private sector call for frozen assets to be released

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(Last Updated On: September 13, 2021)

Afghanistan Chamber of Commerce and Investment (ACCI), other chambers and the private sector have called on the United States and the international community to release the country’s frozen assets in order for businesses to return to normal.

The US froze nearly $9.5 billion in assets belonging to the Afghan central bank and stopped shipments of cash to the nation on August 18 – pushing the country to the brink of an economic collapse.

According to the ACCI at least $3 billion of this total belongs to the private sector.

The private sector has meanwhile warned that Afghanistan could face an economic collapse and a humanitarian crisis if money is not released soon.

“All accounts of our traders have been blocked and they can’t send money,” said Younas Mohmand, deputy head of the ACCI.

The Federation of Afghanistan Chambers said no banks in Afghanistan can transfer money internationally, which has led to a crisis.

“Whatever conditions they (the US) have regarding the frozen money, we are ready to provide documentation and prove that the money belongs to our members,” said Khan Jan Alokozay, deputy head of the federation.

Officials from the Chamber of Mines and Industries meanwhile said that they are experiencing serious problems in terms of sending money out of the country.

“Based on international principles, governments come and go, but civilian’s money should not be frozen. Our message to the world is that a crisis is heading for Afghanistan. Winter is coming,” said Sherbaz Kaminzada, head of the chamber.
On the other hand, the Money Exchangers Association and private banks said there has been a serious downturn in the economy following the freezing of Afghanistan’s money.

“Afghanistan’s money is frozen everywhere; it should be released as soon as possible,” said Khan Mohammad Sarfaraz, a member of Sarai Shahzada Money Exchangers Association.

Economic analysts meanwhile warned that Afghanistan could face a human catastrophe if the assets are not released.

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Girls’ education is a ‘vital issue’ for Afghanistan: Karzai

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(Last Updated On: April 25, 2024)

Former president Hamid Karzai said in a meeting with Iran’s ambassador and special representative, Hassan Kazemi Qomi, that education of girls was a “vital issue” for Afghanistan.

Karzai said he appreciated Iran’s cooperation and its standing with the Afghan people, especially Iran’s contributions to education in Afghanistan.

During the meeting, Karzai said peace and stability in the region are in the interest of all regional countries.

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Uzbekistan’s humanitarian aid arrives in Balkh

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(Last Updated On: April 25, 2024)

A shipment of humanitarian aid from Uzbekistan was handed over on Thursday to the local officials of Balkh province in the trade port of Hairatan.

Local authorities said the aid, which includes flour, oil, wheat, sugar and meat, has been handed over by Uzbekistan’s Surkhandarya governor to the governor of Balkh.

The governor of Surkhandarya stated the purpose of sending this aid was to support the people of Afghanistan and stressed the need for the development of good relations between the two countries.

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Afghanistan’s problems caused more damage to Pakistan than 3 wars with India: Durrani

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(Last Updated On: April 25, 2024)

Islamabad’s special envoy for Afghanistan Asif Durrani said on Wednesday that Pakistan has suffered more due to Afghanistan’s internal situation than Pakistan has suffered in three wars with India in terms of blood spilt and finances drained.

Durrani said at a one-day International Conference titled “Pakistan in the Emerging Geopolitical Landscape”, which was organized by the Institute of Strategic Studies Islamabad (ISSI) and the German Friedrich Ebert Stiftung (FES), that over 80,000 Pakistanis died in the two decades of the War on Terror and that his country was still counting its dead and injured.

“After the withdrawal of NATO forces, it was hoped that peace in Afghanistan would bring peace to the region. However, such expectations were short-lived,” he said.

He also stated that attacks by the Tehreek-e-Taliban Pakistan (TTP) militant group on Pakistan’s border areas increased by 65 percent, while suicide attacks increased by 500 percent.

“The TTP’s enhanced attacks on Pakistan while using Afghan soil have been a serious concern for Pakistan. Another worrying aspect is the participation of Afghan nationals in these attacks,” he said.

Durrani also said Pakistan had suffered geopolitically since the Soviet Union invaded the neighboring country.

“The post-9/11 world order has negatively impacted Pakistan. Apart from losing 80,000 citizens’ lives, including 8,000 law enforcement agency personnel, the country’s economic opportunity cost is estimated at $150 billion,” Durrani said.

Talking about the future outlook for Pakistan in the regional context, Durrani said that while “our eastern neighbor is likely to continue with its anti-Pakistan pursuits, the western border poses an avoidable irritant in the short to medium term.”

However, he said Pakistan can overcome its difficulties with Afghanistan, including the TTP challenge.

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