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U.S. Seeks to Put Pakistan on Global Terrorist-Financing Watchlist

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(Last Updated On: October 24, 2022)

The United States has put forward a motion to place Pakistan on a global terrorist-financing watchlist with an anti-money-laundering monitoring group, a senior Pakistani official said.

According to reports, US has accused Islamabad of not complying with the UN Security Council resolutions relating to terror groups including al-Qaeda and its affiliates.

Islamabad, which denies assisting militants in Afghanistan and India, has reacted angrily to U.S. threats of further punitive measures.

A meeting of Financial Action Task Force member states is schedules next week next Paris, where the motion on Pakistan could be approved by the organization. The FATF is an intergovernmental body rooted in Paris, which sets global regulations for combating illicit finance.

US President Donald Trump, in his first tweet of 2018, had lashed out at Pakistan for providing safe havens to terrorists and accused it of “lies and deceit” and of fooling US leaders while sheltering terrorists.

Unveiling his new South Asia policy in August last year, Trump had warned of tougher measures against Pakistan if it failed to cooperate with the US in the fight against terror.

Afghan analysts are said to believe that if the U.S. put Pakistan on terrorist financing watchlist, the country will faces problems in attracting foreign investments and Getting loans from international sources.

“As much as Pakistan’s hands are closed, it would be useful for Afghanistan’s affairs. The increase of pressures on Pakistan is beneficial for Afghanistan’s security,” said Asadullah Nadim, military analyst.

Pakistani officials and Western diplomats fear that being enlisted on the FATF watch list could hamper the economy of Pakistan making it harder to attract foreign investors barring companies from business ventures in the nuclear-armed South Asian country.

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Minister of mines says minerals must be processed in Afghanistan before exported

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(Last Updated On: April 29, 2024)

Acting Minister of Mines and Petroleum Shehabuddin Delawar has said in a meeting with officials of a Chinese company that the export of raw minerals for processing abroad is no longer allowed.

He said the ministry will work with foreign mining companies as long as they also process the minerals in Afghanistan.

Delawar said this during a meeting with China’s state-owned company MCC Holoda, and Chinese officials from the company contracted to extract copper from Mes Aynak.

The Ministry of Mines and Petroleum said in a statement that MCC Holoda is one of the largest mining and processing companies in China for copper, lead and zinc.

According to the statement, the company has expressed an interest in investing in copper, lead and zinc mines in Afghanistan.

Delawar welcomed their interest and said there are lead and zinc mines in Bamyan, Kandahar and Ghor provinces, and if the company agrees to process minerals inside Afghanistan, the ministry will cooperate with it.

Delawar also discussed the Mes Aynak copper project and called for acceleration of work at the mine.

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Afghanistan Humanitarian Trust Fund report highlights problems tackled

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(Last Updated On: April 29, 2024)

Mohammad Jamal Alsaati, Special Advisor to IsDB President and IsDB Coordinator for Afghanistan Humanitarian Trust Fund (AHTF), said this week that 14 projects, signed in 2023, have materialized at a total cost of $35.35 million.

He said in a statement issued Sunday that of this, $24.14 was from contributions from AHTF with a further $12.21 million provided by implementing partners and other international organizations.

Alsaati said all the services provided have created job and capacity building opportunities for the people of Afghanistan and that as of March 2024, pledges to the fund totaled almost $35 million, with more funding expected.

Alsaati’s comments were in a statement issued by the Islamic Development Bank, (IsDB), after it released the first comprehensive report on the achievements of the AHTF.

The report highlights the coordinated efforts by the IsDB, its partners, and stakeholders towards “Promoting Self Reliance and Resilience” in Afghanistan.

The AHTF’s mission is to provide initial humanitarian aid but then to prioritize development and self-reliance to move beyond emergency assistance – promoting reconstruction, empowerment and sustainable development.

IsDB President and Group Chairman, Muhammad Al Jasser meanwhile said following the release of the report that after receiving generous contributions, the AHTF “sprung into action, delivering essential aid to Afghanistan’s most vulnerable communities.”

He said the fund was able to tackle food insecurity, offer child nutrition programs, provide healthcare, innovative education, clean water, sanitation and hygiene services.

“Our projects are making a tangible difference on the ground,” Jasser said.

The Secretary General of the Organization of Islamic Cooperation (OIC), Hissein Brahim Taha also reacted to the report and said: “We are very pleased to see several humanitarian and development-focused projects are underway in Afghanistan – driven by the IsDB in collaboration with its regional and global partners.

“But much work still lies ahead, so we look forward to further help and support from our Member States, in addition to continued financial assistance for the AHTF from international aid and relief agencies,” said Taha.

The fund was established at a Council of Foreign Ministers of the OIC on 19th December 2021.

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Baradar visits Pashdan Dam, as work on project resumes

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(Last Updated On: April 29, 2024)

Mullah Abdul Ghani Baradar, deputy prime minister for economic affairs, has said the Pashdan Dam in Herat province is a key national project that the Islamic Emirate is committed to completing as soon as possible.

Speaking at an event marking the resumption of construction on this hydroelectric dam, which was started more than 10 years ago, Baradar said building dams was a priority for the Islamic Emirate.

Once complete the Pashdam Dam will not only generate electricity but also irrigate about 65,000 hectares of agricultural land, in turn providing work to thousands of people.

The dam will cost an estimated $117 million once finished and according to officials, at least 85% of work has been completed.

Officials expect the dam to be operational by the end of this solar year.

The construction of Pashdan Dam is being carried out by a domestic company in cooperation with an Azerbaijani company.

Engineers said the dam will mostly be used for agriculture purposes and for potable water. They also said about 73 kms of canals will be built to irrigate land.
This dam will store 54 million cubic meters of water. Currently, about 400 people are employed to work on the project.

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