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Swiss-based trust fund for frozen Afghan assets meets in Geneva
The board of a Swiss-based trust fund managing some $3.5 billion in frozen assets seized after the Islamic Emirate of Afghanistan(IEA) took power last year is meeting in Geneva for the first time on Monday, a Swiss government spokesperson confirmed.
The frozen central bank reserves were recently transferred from Washington into the ‘Fund for the Afghan People’ where US officials say it will be shielded from the IEA. The latter has condemned the transfer, calling it a violation of international norms.
The agenda of the meeting is not yet public.
The fund’s statutes says its purpose is to “receive, protect, preserve and disburse assets for the benefit of the Afghan people”. But how and when the four-member board will disburse the money remains to be decided, Reuters reported.
After decades of war and drought, half of Afghanistan’s population, or 24 million people, are in need of humanitarian assistance according to the United Nations.
However, a full-scale transfer back to Afghanistan’s central bank, known as DAB, is seen as all but impossible with a top official who is under both US and UN sanctions.
The Swiss fund’s statutes indicate that disbursements will be for macroeconomic purposes, such as foreign exchange rate and price stabilization.
The $3.5 billion forms part of an original $7 billion being held in the United States following the IEA takeover in August 2021. The other half is being contested in lawsuits against the IEA stemming from the Sept. 11, 2001 attacks on the United States.
Trustees include Swiss foreign ministry official Alexandra Baumann, U.S. Ambassador to Switzerland Scott Miller, Anwar Ahady, a former Afghan central bank chief and former finance minister, and Shah Mehrabi, a U.S. academic who remains on the DAB Supreme Council.
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Turkish intelligence captures a Daesh member near the Durand Line
Turkish intelligence agents have captured a senior member of Daesh near the Durand Line, reportedly preventing planned suicide attacks in Turkey and other countries, according to Turkey’s state-run Anadolu Agency on Monday.
The suspect, identified as Mehmet Goren, is a Turkish citizen. He was apprehended during a covert operation and transferred to Turkey. Details on the timing of the operation or the involvement of Afghan and Pakistani authorities were not disclosed.
According to the report, Goren had risen through the ranks of Daesh and was allegedly tasked with carrying out suicide bombings in Turkey, Pakistan, Afghanistan, and Europe.
Daesh has a history of deadly attacks in Turkey, including the January 1, 2017 shooting at an Istanbul nightclub that killed 39 people.
Anadolu Agency reported that Goren’s arrest also provided intelligence on the group’s recruitment strategies and planned activities.
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Dozens of needy families in Kabul receive winter aid from Bayat Foundation
Dozens of needy families in Kabul’s fifth district have received essential winter assistance from the Bayat Foundation, as part of ongoing efforts to ease hardship during the cold season and worsening economic conditions.
According to foundation officials, the aid package includes staple food items such as flour, rice, and cooking oil, along with warm blankets to help families cope with freezing temperatures. Haji Mohammad Ismail, Deputy Head of Bayat Foundation, said the distribution began in Kabul and will soon be expanded to other provinces.
“Our assistance includes flour, rice, cooking oil, and blankets,” Ismail said. “Today, we started distributing these items in Kabul’s fifth district, and God willing, the aid will reach other provinces in the near future.”
Afghanistan continues to face widespread poverty, unemployment, and food insecurity, with many families struggling to meet basic needs, particularly during winter when access to work and heating becomes more difficult.Humanitarian organizations and charitable foundations have stepped up relief efforts to support those most affected.
Beneficiaries welcomed the assistance, describing it as a lifeline. “May God bless you for helping the poor. We had nothing and no work,” said one recipient. Another added, “Thank you for your help. Our flour was almost finished.”
Bayat Foundation officials stressed that winter aid distributions will continue in Kabul and other provinces in the coming days, as part of their broader commitment to supporting needy families across the country.
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Nearly seven million Afghan refugees return home since Islamic Emirate’s takeover
Since the Islamic Emirate came to power, approximately 6.8 million Afghans have returned home, either voluntarily or forcibly, from neighboring countries and other nations, according to the Minister of Refugees and Repatriation.
Mawlawi Abdul Kabir, speaking at a meeting on finalizing a draft plan for a permanent migration solution in Afghanistan, added that 1.3 million Afghans have been internally displaced due to natural disasters during the same period.
With winter approaching, widespread poverty and severe cold are threatening thousands of lives. Meanwhile, the forced expulsion of Afghan migrants from neighboring countries, particularly Iran and Pakistan, continues.
The Islamic Emirate has repeatedly urged neighboring states to allow migrants to return voluntarily. According to UNHCR, over two million Afghans have returned from Iran and Pakistan since the start of 2025.
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