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Interest of $270 million earned so far from Afghanistan’s frozen assets
Anwar ul-Haq Ahady, a member of the board of directors of the Afghanistan Trust Fund (ATF) in Switzerland, says the fund has so far earned $270 million in interest.
Ahady told Radio Azadi on Wednesday that this interest, earned from the $3.5 billion, can be used in Afghanistan if necessary.
“Some projects, some basic expenses of the government or the government that they do not have the power to pay and are necessary for the people of Afghanistan are also used there. But in any case, four members of the board must fully agree for such expenses.
“In the last meeting, more than a month ago, on January 29, a decision was made that if the Afghan government cannot pay the loan of the Asian Bank … and they insist that we pay, then it is possible to use this money.
“Because the Asian Bank provides humanitarian aid to Afghanistan and we do not want the humanitarian aid of the Asian Bank to be cut off. Of course, the same ruling was in the case of the World Bank, but this loan was paid by the government itself, so there was no need for us,” Ahady told Liberty radio.
At the same time, Ahady said all four board members need to agree to the spending of this money.
Turkish TRT news channel said in a report on Wednesday that the officials involved in the discussions about the spending of the money of the Afghanistan Trust Fund say for the stability of Afghanistan’s ruined financial system, it is necessary to release this money.
But according to reports, the four board members, Dr. Anwar ul-Haq Ahady, Dr. Shah Mehrabi, Dr. Jay Shambaugh, and Ambassador Alexandra Baumann, could not agree on how to spend the money, almost 18 months after the establishment of the fund.
A source told TRT that while all board members agree that this money should not be touched, the interest earned should go towards helping the people of Afghanistan.
After the return of the Islamic Emirate to power in August 2021, $7 billion belonging to the Central Bank of Afghanistan was frozen in the United States, half of which has been invested in a Swiss trust account.
The other half and is earmarked to be paid over to the families of 9/11 attacks.
The Islamic Emirate has however tried unsuccessfully to have the fund released.
During the republic, Da Afghanistan Bank, which was responsible for the country’s monetary stability, kept this capital abroad as a monetary support.
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Baradar urges scholars to promote protection of Islamic system and national interests
Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, has called on religious scholars to play a stronger role in promoting the protection of the Islamic system and Afghanistan’s national interests among the public.
Speaking at a turban-tying ceremony at Jamia Fath al-Uloom in Kabul on Wednesday, Baradar urged scholars to adopt a softer tone in their sermons and public addresses.
He said that alongside teaching religious obligations, scholars should help foster a sense of responsibility toward safeguarding the Islamic system and national unity.
Baradar described madrasas as the sacred foundations of religious learning, moral education, spiritual and intellectual development, and Islamic movements within Muslim societies.
He noted that in Afghanistan, religious teachings and the concept of sacred jihad originated in madrasas, spread from villages to cities, and eventually translated into action and resistance.
He also emphasized the role of madrasas in the intellectual reform of society, the removal of what he described as un-Islamic cultural influences, and the preservation of Islamic traditions.
Baradar stressed that religious schools must remain committed to their original mission and values under all circumstances.
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Iran’s Bahrami invites Afghan FM Muttaqi to Tehran during Kabul meeting
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Afghanistan, Kyrgyzstan discuss expanding trade and economic cooperation
Azizi welcomed the Kyrgyz delegation and thanked them for visiting Kabul, underscoring the importance of closer economic engagement between the two countries.
Afghanistan and Kyrgyzstan held high-level talks in Kabul aimed at strengthening bilateral economic and trade relations, officials said.
The meeting brought together Nooruddin Azizi, Minister of Industry and Commerce of the Islamic Emirate of Afghanistan, and Bakyt Sadykov, Minister of Economy and Trade of the Kyrgyz Republic, who is leading a visiting delegation to the Afghan capital.
Azizi welcomed the Kyrgyz delegation and thanked them for visiting Kabul, underscoring the importance of closer economic engagement between the two countries.
During the talks, both sides discussed ways to boost bilateral trade by making better use of existing capacities and identifying priority export commodities.
The discussions also focused on developing transit routes, signing transit agreements, attracting joint domestic and foreign investment, and expanding cooperation through trade exhibitions, business conferences and regular meetings.
The two ministers stressed the need to implement earlier agreements, particularly the economic and trade cooperation roadmap signed during a previous visit by an Afghan delegation to Kyrgyzstan.
They said effective follow-up on these commitments would be key to translating discussions into tangible results.
Officials from both countries said the meeting was intended to deepen economic, trade and investment ties, while opening new avenues for partnership between Afghanistan and Kyrgyzstan in the coming period.
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