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US looking to expand ties with Pakistan: Blinken
US Secretary of State Antony Blinken on Wednesday told Pakistan’s Foreign Minister Bilawal Bhutto-Zardari that US President Joe Biden’s administration was looking forward to working with the new government in Pakistan and discussed “expanding partnership” between the two countries.
The meeting took place in New York on the sidelines of the food security meeting that the US is hosting in collaboration with the UN.
The meeting between Bilawal and Blinken came against the backdrop of strained ties between Pakistan and the US. The relationship during the PTI government between the two countries remained tense and there had been further dip in ties when former premier Imran Khan directly held the US responsible for his ouster, Pakistan’s Tribune reported.
Blinken said the US was keen to expand partnership with Pakistan on a range of issues covering economic as well as regional security issues.
According to a State Department statement, Blinken met with Bilawal to affirm the shared desire for a strong and prosperous bilateral relationship.
“The Secretary and the Foreign Minister discussed expanding partnership in climate, investment, trade, and health as well as people-to-people ties,” the statement read.
It further said the two foreign ministers underscored the importance of US-Pakistan cooperation on regional peace, counterterrorism, Afghan stability, support for Ukraine, and democratic principles.
The foreign minister added that as the current chair of the G77 and China, Pakistan welcomed the support of the UN secretary general to the objectives pursued by the developing countries at the global organisation.
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UNDP, UN Women launch financing initiative for Afghan women entrepreneurs
UN Women Special Representative Susan Ferguson said expanding women’s access to finance was critical to enabling women-led businesses to grow.
The United Nations Development Programme (UNDP) and UN Women have launched a joint initiative to expand access to finance and business support for Afghan women entrepreneurs.
The Afghanistan Women’s Fund for Resilient Enterprises (AWFRE) will provide Sharia-compliant, collateral-free financing alongside financial and digital literacy training, mentoring, business planning and support to access markets.
An initial joint investment of $1.7 million will support about 1,500 women entrepreneurs over the next year, indirectly benefiting more than 14,000 people through stronger businesses, household incomes and economic activity.
The initiative comes amid a significant financing gap for Afghan women entrepreneurs. Fewer than 7% of women in Afghanistan have a bank account or use mobile money services, leaving many women-led businesses dependent on personal savings, loans from family and friends, or the sale of personal assets.
More Afghan women are turning to entrepreneurship to earn income and support their families. More than 10,000 Afghan women now hold business licences, around ten times the number five years ago, while the Afghanistan Chamber of Commerce estimates another 120,000 are trading without licences.
“The challenge for Afghan women entrepreneurs is not a lack of enterprise, but limited access to the finance, skills and networks they need to grow,” said Turhan Saleh, UNDP Resident Representative in Afghanistan.
UN Women Special Representative Susan Ferguson said expanding women’s access to finance was critical to enabling women-led businesses to grow.
“Afghan women are finding ways to build businesses, despite the many obstacles they face,” Ferguson said. “Expanding access to finance can help women entrepreneurs turn their ideas and skills into stronger businesses, more jobs and greater economic security for their families and communities.”
UNDP and UN Women are seeking an additional $10 million to expand the programme, which would allow another 10,000 women entrepreneurs to access financing and business support and indirectly benefit an estimated 70,000 people.
The initiative aims to help women entrepreneurs expand their businesses, access new markets and develop more sustainable sources of income.
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