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Audit fails to win U.S. backing for release of Afghan central-bank funds

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A U.S. funded audit of Afghanistan’s Islamic Emirate-run central bank has failed to win Washington’s backing for a return of bank assets from a $3.5 billion Swiss-based trust fund, said two U.S. officials and a former U.S. official, a move that would help ease the country’s financial crisis, Reuters reported.

The audit has not changed the U.S. Treasury’s view that the bank must make reforms before the department will support disbursements from the Afghan Fund to Da Afghanistan Bank (DAB), said a U.S. Treasury official on condition of anonymity.

The Swiss-based Afghan Fund was set up last year with half of about $7 billion in central bank funds that were frozen in the Federal Reserve Bank of New York in August 2021 after IEA took control of the country as the last foreign forces withdrew following two decades of war.

DAB must show that it is free “from political influence and interference,” said the Treasury official, referring to the need for professional bankers to replace the three IEA officials who oversee the bank and are under U.S. and U.N. sanctions.

It also must prove that it has “adequate” controls against money-laundering and terrorism financing and install a “reputable” independent monitor, said the Treasury official.

“Our assessment of DAB remains unchanged,” said one of the U.S. officials. Reuters quoted the two officials and the former U.S. official, who has knowledge of the U.S. position, spoke on condition of anonymity because of the confidentiality of the matter.

The IEA administration spokesman and a spokesperson for the Afghan central bank did not respond to request for comment.

Concerns in Washington and other capitals about the bank’s leadership and anti-money laundering safeguards are at the heart of a standoff over the IEA’s demand for the return of DAB cash frozen in the United States and other countries after the Islamic Emirate return.

Because the four-member board that oversees the trust fund must approve disbursements unanimously, the support of its U.S. government representative is essential.

Afghanistan remains mired in grave humanitarian and economic crises that some experts say has been worsened by U.S. restrictions hampering DAB’s ability to perform key central bank functions, such as ensuring stable exchange rates and prices, read the report.

The audit, funded by the U.S. Agency for International Development (USAID) and conducted by an outside contractor, examined DAB’s controls against money laundering and terrorism financing, and its banking oversight and payments departments, according to an April report by the U.S. Special Inspector General for Afghanistan Reconstruction (SIGAR).

The findings have not been made public, Reuters reported.

Calling the audit, a “preliminary assessment,” the Treasury official said its “limitations” suggested that “more comprehensive third-party assessment efforts may be needed.”

Shah Mehrabi, an Afghan-American economics professor who is on DAB’s governing board and co-chairs the Afghan Fund board, said the audit – which he has not seen – was completed in March and currently is with the State Department.

The State Department declined to comment.

Mehrabi and his co-chair, Anwar ul-Haq Ahady, a former DAB governor and former finance minister, told Reuters that they would consider the findings once they are available.

Mehrabi said use of the Afghan Fund’s assets should focus on stabilizing prices and ensuring banks had enough liquidity, as the entire financial system was at risk from declining foreign donor funds to Afghanistan.

The other $3.5 billion in DAB assets frozen in US is being sought in lawsuits against the IEA brought by families of victims of the Sept. 11, 2001, attacks on the United States. A U.S. judge in February ruled against the plaintiffs who are appealing.

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Deputy interior minister for counter-narcotics travels to Uzbekistan

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Abdul Rahman Munir, the Deputy Minister for Counter-Narcotics at the Ministry of Interior, traveled to Uzbekistan this afternoon along with his accompanying delegation.

According to a statement from the Ministry of Interior, the purpose of the trip is to participate in a meeting of member countries of the Central Asian Regional Information and Coordination Centre for Combating Drugs (CARICC).

The statement added that the meeting will be held on December 5 of this year in the city of Samarkand, Uzbekistan.

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Imran Khan accuses Army Chief of ‘igniting’ Pakistan–Afghanistan tensions

In his post, written in Urdu, Khan said: “Asim Munir’s policies are disastrous for Pakistan. Because of his policies, terrorism has spiralled out of control, which grieves me deeply.”

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Former Pakistani prime minister Imran Khan has accused Army Chief Asim Munir of deliberately “igniting tensions” with Afghanistan, calling his policies “disastrous” for Pakistan.

The 73-year-old former cricketer, who has been imprisoned since 2023, issued the remarks through his official account on the social media platform X. His statement was shared a day after his sister, Uzma Khan, met him at Rawalpindi’s Adiala Jail following “special permission” granted by the government led by Shehbaz Sharif.

In his post, written in Urdu, Khan said: “Asim Munir’s policies are disastrous for Pakistan. Because of his policies, terrorism has spiralled out of control, which grieves me deeply.”

He further alleged that the army chief’s actions were motivated by a desire to please Western governments, saying Munir had “deliberately ignited tensions with Afghanistan so he could be seen internationally as a so-called ‘mujahid’.”

The founder of the Pakistan Tehreek-e-Insaf added that he had long opposed “drone attacks and military operations against our own people,” arguing such tactics would only worsen militancy. Khan claimed Munir first “threatened Afghans,” then oversaw the expulsion of refugees and the launching of drone strikes, the consequences of which he said were now visible in rising violence.

Khan also launched a personal attack on the army chief, calling him “mentally unstable” and accusing him of presiding over the “collapse of the Constitution and rule of law in Pakistan.”

He alleged that, on Munir’s orders, he and his wife had been imprisoned on fabricated charges and subjected to “the worst form of psychological torture.”

Khan said he had been held in solitary confinement for four weeks, with no human contact and without basic entitlements provided under the jail manual. He added that despite court directions, access to political colleagues, lawyers and family members had been blocked.

Referring to an incident involving another sister, Noreen Niazi, he said she was “dragged on the road” while trying to meet him.

Khan praised Khyber Pakhtunkhwa Chief Minister Sohail Afridi for choosing “resistance over compromise” and urged him to “continue to play on the front foot.” He added that those threatening to impose governor’s rule in the province should “do it today rather than tomorrow and then watch what happens.”

An undeclared ban on meetings with Khan had fuelled speculation about his health. After visiting him, Uzma Khan said he was “perfectly fine” physically but was being subjected to “mental torture” in solitary confinement.

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ILT20: Livingstone powers Knight Riders to 39-run win over Warriorz

Livingstone’s blitz propelled the Knight Riders to 233/4, the second-highest total in tournament history. H

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Liam Livingstone launched DP World ILT20 Season 4 in spectacular fashion, smashing an unbeaten 82 off 38 balls — including a record 33 runs in the final over — to fire the Abu Dhabi Knight Riders to a commanding 39-run victory over the Sharjah Warriorz at the Sharjah Cricket Stadium on Wednesday.

Livingstone’s blitz propelled the Knight Riders to 233/4, the second-highest total in tournament history. His onslaught at the death featured five sixes in the final over off Dwayne Pretorius, with four coming consecutively.

The innings had been well-set earlier by Alex Hales (32 off 19) and Alishan Sharafu (34 off 23), who provided a fast start after Michael Pepper’s short cameo. Sherfane Rutherford (45 off 27) then combined with Livingstone in a 95-run stand that kept the momentum surging. Adil Rashid was the standout bowler for the Warriorz, claiming 2/31.

Chasing 234, the Warriorz faltered early, losing Johnson Charles, Tom Abell and Tom Kohler-Cadmore in the first seven overs to slump to 56/3.

Tim David mounted a fierce counterattack, blasting 60 off 24 and hammering three straight sixes off Piyush Chawla to revive hopes. But with wickets falling around him — including Sikandar Raza (8) and Dinesh Karthik (5) — the pressure mounted. Ajay Kumar ended David’s charge in the 13th over, finishing with impressive figures of 1/22.

With nearly 20 an over required in the final stretch, the chase fizzled despite late hitting from Pretorius (39 off 20) and Adil Rashid (25 off 11). Their cameos pushed the Warriorz to 194/9, still well short of the target.

Earlier Highlights

Pepper opened brightly with three boundaries, but Pretorius removed him early. Hales and Sharafu kept the scoreboard moving before Rashid’s twin strikes broke the stand. Livingstone and Rutherford then dominated the middle overs, taking 19 off both Raza and Pretorius to set up the explosive finish.

Andre Russell chipped in with an unbeaten 11 from just four balls, partnering Livingstone in a 50-run stand off only 13 deliveries.

Reactions

Player of the Match, Liam Livingstone:
“The boys up top set a great platform. It took me a while to adjust, but once I found my rhythm at the end, it came out nicely.”

Sharjah Warriorz captain, Tim Southee:
“Against a lineup like that, you have to take wickets. We couldn’t do that in the middle or at the death. Credit to the Knight Riders — they were outstanding.”

Brief Scores

Abu Dhabi Knight Riders 233/4 (20 overs):
Livingstone 82*; Rutherford 45; Sharafu 34; Rashid 2/31; Netravalkar 1/33

Sharjah Warriorz 194/9 (20 overs):
David 60; Pretorius 39; Rashid 25; Garton 2/24; Stone 2/37; Russell 2/48

Result: Knight Riders won by 39 runs
Player of the Match: Liam Livingstone

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Cricket fans across Afghanistan can tune in daily to watch this exciting event live and exclusively on Ariana Television. For details and times of fixture visit ATN and Ariana News social media pages. 

 

 

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