Business
U.S. has no plans to release billions in Afghan assets: Reuters
The Biden administration has no plans to release billions in Afghan gold, investments and foreign currency reserves parked in the United States that it froze after the Taliban’s takeover, despite pressure from humanitarian groups and others who say the cost may be the collapse of Afghanistan’s economy.
Much of the Afghan central bank’s $10 billion in assets are parked overseas here, where they are considered a key instrument for the West to pressure the Taliban here to respect women’s rights and the rule of law.
Any unfreezing of these assets may be months away, financial experts said.
Officials from the U.S. State Department, U.S. Treasury, White House National Security Council and other agencies have been in regular discussions about Afghanistan’s finances since the Taliban took over in mid-August, ahead of what the United Nations and others see as a looming humanitarian crisis.
Any decision to release the funds would likely involve top U.S. officials from several departments but will ultimately be up to President Joe Biden, the experts said.
Food and fuel prices are soaring across Afghanistan, amid a shortage of cash triggered by a halt in foreign aid, a halt in dollar shipments and a drought.
The U.S. Treasury this week said it had granted a license here authorizing the U.S. government and its partners to continue to facilitate humanitarian aid in Afghanistan. It also gave Western Union, the world’s largest money transfer firm, and other financial institutions a green light to resume processing here personal remittances to Afghanistan from migrants overseas.
The Treasury Department is not easing sanctions on the Taliban or loosening restrictions on their access to the global financial system, a spokesperson told Reuters.
“The United States government has been in touch with humanitarian partners in Afghanistan, both regarding security conditions on the ground and about their ability to continue their humanitarian work,” the spokesperson said.
“As we maintain our commitment to the Afghan people, we have not reduced sanctions pressure on Taliban leaders or the significant restrictions on their access to the international financial system.”
Shah Mehrabi, an economics professor in Maryland and long-time member of the Afghan central bank’s board, a senior Russian official and humanitarian groups are among those urging the U.S. Treasury to also unfreeze the Afghan assets, saying that lives are at stake.
“The gravity of the situation is so immense. Every day that passes is going to result in more suffering and more exodus of people,” Mehrabi said.
The International Monetary Fund has also blocked the Taliban from accessing some $440 million in new emergency reserves, or Special Drawing Rights, issued by the global lender last month.
Adnan Mazarei, former deputy director of the IMF and now a fellow at the Peterson Institute for International Economics, said the United States could not legally release the Afghan assets until there was an internationally recognized government, and that could take many months to occur. The IMF could not act until its board voted, once a government was recognized.
He said a central bank’s reserves are typically not touched except as a last resort. Even Iran, struggling under intense international sanctions, has not used its IMF emergency reserves, he said.
Brian O’Toole, a former Treasury Department official now with the Atlantic Council, said a release of the Afghan assets would not solve Afghanistan’s considerable problems.
“Just releasing those funds doesn’t stabilize the Afghan economy, or do anything like that. What it does is give the Taliban access” to billions of dollars, he said. “I don’t think there’s gonna be a lot of appetite in the U.S. to do that, nor should there be.”
Business
Ariana Afghan Airlines boost air trade with arrival of new cargo aircraft
The Ariana Afghan Airlines press office says this achievement marks an important stride toward strengthening national trade and promoting Afghanistan’s path to economic self-reliance.
Ariana Afghan Airlines has announced a major development in the country’s air-transport sector, confirming that a long-awaited charter cargo aircraft has been officially contracted and will arrive in Afghanistan soon. The move is being hailed as a “significant and facilitative breakthrough” for national traders.
Bakht-ur-Rahman Sharafat, the head of Ariana Afghan Airlines, says the finalization of this contract reflects the leadership’s firm commitment to supporting Afghanistan’s growing trade sector. “This new cargo aircraft is part of Ariana’s broader plan to strengthen exports and provide fast, reliable, and competitive air-transport services for Afghan traders,” Sharafat stated.
According to Ariana officials, the addition of the new cargo aircraft will greatly enhance commercial air-transport services. It is expected to ensure timely delivery of goods, reduce transportation costs, and significantly increase the country’s export capacity.
Economic experts believe this step will not only offer substantial facilities to traders but will also play a key role in Afghanistan’s economic development and the expansion of its export markets.
Ariana’s leadership says the cargo aircraft will open new avenues for accelerating and securing the movement of both export and import goods, while fostering healthy competition within the nation’s aviation sector.
The Ariana Afghan Airlines press office says this achievement marks an important stride toward strengthening national trade and promoting Afghanistan’s path to economic self-reliance.
Business
IEA demands assurances from Islamabad before trade routes reopen
Mujahid noted that Afghanistan is currently meeting its essential import needs through a range of regional partners, and therefore will not rush to resume commerce with Pakistan without clear assurances.
The Islamic Emirate of Afghanistan (IEA) has said that the reopening of trade and transit routes with Pakistan will depend on Islamabad providing firm guarantees that these corridors will not again be used as instruments of political pressure.
In a statement released on social media, IEA spokesperson Zabihullah Mujahid accused Pakistan of having “illegally and politically” closed key border routes in recent months, a move he said caused “serious harm to the people on both sides of the Durand Line.”
Mujahid noted that Afghanistan is currently meeting its essential import needs through a range of regional partners, and therefore will not rush to resume commerce with Pakistan without clear assurances.
He said the IEA wants trade to take place in a “dignified and mutually beneficial” manner and made clear that any reopening will require Islamabad to commit to keeping commercial corridors free from political interference.
“Trade routes with Pakistan will only be reopened once strong assurances are received from the Pakistani government,” he said, adding that the guarantees must ensure Pakistan cannot again weaponise transit access or disrupt legitimate trade.
According to the IEA, the priority is to safeguard traders’ rights, stabilise cross-border transit, and ensure that the economic needs of the population are not influenced by political disputes.
The IEA said any step toward reopening the routes must be built on mutual respect and a long-term commitment to cooperation.
Business
Ariana Airlines deepens cooperation with Turkish Airlines
Both sides agreed to form joint technical and operational teams to advance cooperation and strengthen the regional air transport network.
Ariana Afghan Airlines and Turkish Airlines have moved to strengthen their aviation partnership following a high-level meeting between Ariana CEO Bakht-ur-Rahman Sharafat and Turkish Airlines CEO Bilal Ekşi.
According to Ariana Afghan Airlines, the discussions centered on expanding air transport connectivity, improving passenger and cargo services, and increasing the exchange of technical and operational expertise between the two carriers.
Sharafat praised Turkish Airlines for its global reach and operational standards, noting that the airline’s experience could play a vital role in enhancing air travel, trade, and tourism between Afghanistan and Turkey.
Ekşi commended Ariana’s recent improvements and said Turkish Airlines would support capacity-building initiatives, including technical training, aircraft maintenance, and operational enhancement programs.
Both sides agreed to form joint technical and operational teams to advance cooperation and strengthen the regional air transport network. The move marks a significant step toward deeper aviation collaboration between the two countries.
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