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Afghan central bank board member asks Biden, IMF to release funds

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A senior board member of Afghanistan’s central bank is urging the US Treasury and the International Monetary Fund to take steps to provide the Taliban-led government limited access to the country’s reserves to avoid economic disaster.

The Taliban took over Afghanistan with astonishing speed, but it appears unlikely that they will get quick access to most of the roughly $10 billion in assets held by Da Afghanistan Bank (DAB), which are mostly outside of the country, Reuters reported.

US President Joe Biden’s administration has said any central bank assets the Afghan government have in the United States will not be made available to the Taliban, and the IMF has said the country will not have access to the lender’s resources.

Shah Mehrabi, an economics professor at Montgomery College in Maryland and a member of the bank’s board since 2002, told Reuters in a telephone interview on Wednesday that Afghanistan faces an “inevitable economic and humanitarian crisis” if its international reserves remain frozen.

Mehrabi stressed he does not speak for the Taliban but is making this push in his capacity as a sitting board member. He said he plans to meet with US lawmakers this week, and hopes to talk to US Treasury officials soon as well.

“If the international community wants to prevent an economic collapse, one way would be to allow Afghanistan to gain limited and monitored access to its reserves,” he told Reuters.

“Having no access will choke off the Afghan economy, and directly hurt the Afghan people, with families pushed further into poverty.”

Mehrabi is proposing that Washington allow the new government in Kabul a limited amount of access each month, perhaps in the range of $100m to $125m to start with, that would be monitored by an independent auditor.

“The Biden administration should negotiate with the Taliban over the money in the same way they negotiated over the evacuation,” he said.

If the assets remain entirely frozen, then inflation will continue to soar, Afghans will not be able to afford basic necessities, and the central bank will lose its main tools for conducting monetary policy, he said.

The Taliban can survive on customs duties, increasing opium production, or selling off captured American military gear, but everyday Afghans will suffer and be solely reliant on international aid if the country does not have access to currency, Mehrabi added.

After nearly 20 years of American intervention, the Afghan economy is heavily dollarised, and depends on imports that largely must be purchased with foreign currency, he said.

With overseas reserves off-limits, Da Afghanistan Bank may be undermined after having cultivated a non-political, technocratic institution that so far has been allowed to continue its work under the Taliban, Mehrabi said.

“Their work there is not based on who is in power,” he said, noting that he has not been personally in touch with Taliban representatives, but is in daily contact with colleagues running operations there now.

Ajmal Ahmady, who led the central bank until the capture of Kabul, has said about $7 billion of DAB’s assets was held as a mixture of cash, gold, bonds and other investments at the US Federal Reserve.

Most of the rest is in other international accounts and at the Bank for International Settlements, a bank for central banks based in Switzerland, and not physically in DAB vaults, he said – leaving about 0.2 percent or less of the total accessible to the Taliban.

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Pakistan president claims situation in Afghanistan is ‘similar to or worse than pre-9/11’’

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Pakistan’s President Asif Ali Zardari has warned that the presence of militant groups in the region poses risks to global peace, and repeated Islamabad’s concerns regarding what it describes as the activities of “terrorist organisations operating from Afghanistan.”

Zardari made the remarks in a statement issued Sunday, as he thanked world leaders for expressing solidarity with Pakistan following the recent attack on an imambargah in Islamabad, which left dozens dead and many others wounded. The incident was claimed by Daesh militant group.

According to the statement from the President’s Secretariat, Zardari said Pakistan remains committed to combating terrorism and stressed that no single country can address the threat alone.

“Pakistan has long maintained that terrorism cannot be confronted by a single country in isolation,” he was quoted as saying.

Citing Pakistan’s experience, he said in the statement that whenever “terrorist groups are allowed space, facilitation or impunity beyond national borders, the consequences are borne by innocent civilians all over the world.”

Zardari further claimed that the situation in Afghanistan under the Islamic Emirate authorities has created conditions “similar to or worse than pre-9/11,” and said this has influenced security developments across the region. IEA has repeatedly rejected such allegations, insisting that Afghan soil is not used against any country.

 

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Fazlur Rehman: Afghanistan’s economic situation is better than Pakistan’s

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Maulana Fazlur Rehman, the leader of Pakistan’s Jamiat Ulema-e-Islam (JUI-F), has said that Afghanistan’s economic situation has become better than Pakistan’s, as Pakistan faces deepening financial hardship and increasing emigration.

Speaking at a gathering in Rawalpindi, Fazlur Rehman warned that business activity in Pakistan is collapsing and that many Pakistanis are leaving the country in search of stability. He sharply criticized Islamabad’s policies toward Afghanistan, describing them as “complete failures.”

Addressing Pakistan’s repeated claims that militants enter from Afghan territory, he said: “Authorities say terrorists are coming from there. If they are coming, stop them. If they are coming, eliminate them. The Afghan government has never objected to your actions.”

He also rejected the logic behind these allegations, pointing to the closure of key crossings between the two countries: “When not even a single pomegranate can enter Pakistan from Afghanistan today, how can militants enter?”

Fazlur Rehman argued that Pakistan’s foreign policy is shaped not by the civilian government, but by the military establishment: “One general comes and says we will negotiate; another comes and says we will wage war.”

Pakistani officials have long claimed that attacks inside Pakistan are planned from Afghan soil. The Islamic Emirate of Afghanistan has consistently denied this, saying Afghanistan cannot be blamed for Pakistan’s internal security failures.

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Tajik foreign minister urges international community to help Afghanistan address its challenges

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Tajikistan’s Minister of Foreign Affairs, Sirodjiddin Mukhriddin, has called on the international community to step up assistance for Afghanistan as the country continues to face challenges.

Speaking at a press conference, Mukhriddin said Tajikistan and Afghanistan maintain active coordination between their law enforcement agencies to prevent security incidents along their shared border. He noted that this cooperation remains essential, as the frequency of armed attacks and criminal activity in border regions has increased in recent months.

He said that Afghan authorities had assured Tajikistan they would take necessary measures to stop further incidents and would conduct thorough investigations into any violations.

Mukhriddin emphasized that Tajikistan supports constructive international engagement aimed at improving Afghanistan’s socio-economic conditions. He highlighted that Tajikistan has provided more than 6,000 tons of humanitarian aid to Afghanistan, including food and essential supplies delivered in 2025 to assist communities affected by devastating earthquakes.

The minister also pointed to growing economic cooperation between the two neighbors. Tajikistan has reopened border markets and continues to supply electricity to Afghanistan.

Tajikistan and Afghanistan share a border of more than 1,300 kilometers—over 1,100 km of which consists of waterways and about 190 km of land boundaries.

Meanwhile, Zafar Samad Director of the Drug Control Agency under the President of the Republic of Tajikistan, has said that last year, 17 incidents of clashes happened with drug smugglers along the border with Afghanistan. As a result, two Tajik forces and 10 Afghan nationals have been killed, he added.

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