Latest News
Joe Biden issues order extending freeze on Afghanistan’s foreign reserves
In a message to Congress on the continuation of the “National Emergency With Respect to the Widespread Humanitarian Crisis in Afghanistan and the Potential for a Deepening Economic Collapse in Afghanistan,” US President Joe Biden said on Wednesday that Afghanistan’s foreign reserves would remain frozen beyond February 11.
Biden issued the original executive order on the humanitarian crisis in Afghanistan and the threat arising from it on February 11, 2022.
In an order posted to the White House’s website, Biden said: “The widespread humanitarian crisis in Afghanistan — including the urgent needs of the people of Afghanistan for food security, livelihoods support, water, sanitation, health, hygiene, and shelter and settlement assistance, among other basic human needs — and the potential for a deepening economic collapse in Afghanistan continue to pose an unusual and extraordinary threat to the national security and foreign policy of the United States.
“In addition, the preservation of certain property of Da Afghanistan Bank (DAB) held in the United States by United States financial institutions is of the utmost importance to addressing this national emergency and the welfare of the people of Afghanistan.”
He said various “parties, including representatives of victims of terrorism, have asserted legal claims against certain property of DAB or indicated in public court filings an intent to make such claims.” This property, he said, is blocked in accordance with his executive order.
This comes after Afghanistan’s foreign minister Amir Khan Muttaqi again asked for the frozen assets to be released. At the “Afghanistan Regional Cooperation Initiative” meeting in Kabul a few weeks ago, Muttaqi called on the US to return the assets to DAB.
The US froze more than $9.5 billion soon after the IEA’s takeover in August 2021.
About $7 billion was being held in the Federal Reserve Bank in New York at the time of the first order. The rest was frozen by banks in other countries.
Of the $7 billion in the US, $3.5 billion has been transferred to a special fund in Switzerland and the remaining money is being held by the US.
Latest News
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.
Latest News
Iran’s Bahrami invites Afghan FM Muttaqi to Tehran during Kabul meeting
Latest News
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.
-
Latest News4 days agoIslamic Emirate declines to attend Tehran meeting on Afghanistan
-
Latest News3 days agoUS delivers second batch of Afghan Black Hawk helicopters to Peru
-
Latest News2 days agoGermany speeds up admission of Afghans from Pakistan
-
Sport2 days agoIPL 2026 Auction set for Abu Dhabi with $28.6 million purse at stake
-
Business3 days agoAfghan economy posts second year of growth despite deep structural challenges
-
Latest News2 days agoAfghanistan to establish independent oil and gas authority
-
Latest News2 days agoUS intelligence chief warns of ‘direct threat’ from suspected terrorists inside the country
-
Sport3 days agoATN to broadcast ‘The Best FIFA Football Awards 2025’
