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Hamid Karzai criticises US move to use Afghan assets for aid and 9/11 victims

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Former president Hamid Karzai has criticized the Biden administration for its decision to split Afghanistan’s frozen assets between 9/11 victims and aid for the country.

Biden on Friday ordered Afghanistan’s $7 billion in foreign reserves, held by the US, to be released and divided.

In an interview with FRANCE 24, Karzai said the funds “belong to the Afghan people”. He also said he believed the Islamic Emirate of Afghanistan (IEA) would eventually allow girls to return to school, since doing so is “absolutely necessary for the well-being” of Afghanistan.

Karzai urged the Biden administration to rescind the decision to allocate half the $7 billion in Afghan assets frozen in the US to families of victims of the 9/11 attacks. He said the money belonged to the Afghan people and that it was “wrong” to use it for other purposes.

He also said that before any international recognition of the IEA takes place, Afghans from all walks of life need to come together to discuss the future of the country.

Karzai said he and former chief executive Abdullah Abdullah had formally asked the IEA to call a traditional Loya Jirga.

The former leader said there should be “no compromise” about the full return of girls to school and women to the workplace. However, he expressed confidence that the IEA would indeed allow girls to return to school.

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Energy Minister Mansoor meets with Afghan investors in Tashkent

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Acting Minister of Energy and Water Abdul Latif Mansoor visited the Afghan Embassy during his official trip to Uzbekistan and met with Abdul Ghaffar Bahr, the Islamic Emirate’s ambassador to Tashkent, embassy officials and several Afghan investors.

In a statement issued by the Afghan energy ministry on Wednesday, Mansoor assured the Afghan investors living in Tashkent that IEA is providing the necessary facilities for their investment in Afghanistan.

He urged them to invest in the country’s energy and water sectors, adding that Afghanistan now presents a good opportunity for investors due to improved security.

He emphasized that the IEA is committed to supporting the private sector and has created legal, technical, and administrative facilities for investors.

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Iran plans to invest $5 billion in Afghanistan’s iron mines

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Iranian media have reported that the country is investing $5 billion in Afghanistan’s iron mines.

Alireza Bikdeli, acting ambassador of Iran in Kabul, stated that Afghanistan’s rich mineral resources present an opportunity for cooperation between the two neighboring countries.

He added that this investment would enhance Iran’s position in global steel production.

Fars News Agency reported that, given Iran’s increasing need for raw materials in its mining industries, the investment is expected to yield up to sixfold returns.

Iran imports each ton of Afghan iron mine at a price of $100 and exports it as steel at a final price of $600.

According to the latest data from Afghanistan’s Ministry of Mines, Iran has invested $2.3 billion in the country’s mining sector, including iron, over the past several years.

Abdul Nasir Reshtia, the executive director of the Union of Iron Smelting Factories, said: “If the country’s mines are extracted in a technical and professional manner, and all processing and production stages are carried out domestically, we will witness significant economic effectiveness.”

Reports indicate that the Iran-Afghanistan cooperation agreement on iron ore mining is a five-year contract, expected to generate $1.2 billion in annual profit for Iran.

Over the past three years, Iran-Afghanistan relations have expanded, with bilateral trade reaching $4 billion annually.

Meanwhile, Iranian officials have granted their border provinces the authority to fully utilize all resources to enhance relations with Afghanistan’s border provinces, particularly in the economic and trade sectors.

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IEA’s high-level delegation arrives in Kazan

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A high-ranking delegation of the Islamic Emirate, led by Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, arrived on Wednesday in the city of Kazan, the capital of the Republic of Tatarstan, to participate in the 16th Kazan International Economic Forum.

In a statement issued by the deputy PM’s office, the delegation of the Islamic Emirate was given a “warm welcome” at Kazan International Airport by the Deputy Leader of the Republic of Tatarstan.

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