Pakistan questions US move of giving half of $7b Afghan funds to 9/11 victims – The Express Tribune

Mbappe gives PSG late win over Rennes
US prepared for Russian diplomacy or 'aggression': Blinken
Home
Latest
Pakistan
Business
Sci-Tech
Phones
World
Opinion
Life & Style
Sports
Blogs
Archive
Other
Utilisation of Afghan funds should be the sovereign decision of Afghanistan, says FO spokesperson
Pakistan has questioned the US decision of setting aside half of the Afghan assets held in America for the victims of the 9/11 attacks, saying utilisation of Afghan funds should be the “sovereign decision of Afghanistan.”
The reaction from the foreign office on Saturday came after President Joe Biden in what is seen as a controversial move decided to split $7 billion foreign assets of Afghanistan between the victims of the 9/11 attacks and for the humanitarian assistance of Afghanistan.
The decision was even being criticised within the US with many people including victims’ families of the 9/11 attacks insisting that Afghan funds should not have been arbitrarily used by the US government.
Read more: US moves to unfreeze Afghan assets
“Pakistan has seen the US decision to unfreeze the Afghan assets held by the US banks to release $3.5 billion for humanitarian assistance in Afghanistan and $3.5 billion for compensation to families of 9/11 victims,” Foreign Office Spokesperson Asim Iftikhar said in a carefully worded statement.
The official press release noted that over the past several months, Pakistan had been consistently emphasising the need for the international community to quickly act to address the unfolding humanitarian catastrophe in Afghanistan and to help revive the Afghan economy, as the two are inextricably linked.
“Finding ways to unfreeze the Afghan foreign reserves urgently would help address the humanitarian and economic needs of the Afghan people,” the statement read.
It went on to state that Pakistan’s principled position on the frozen Afghan foreign bank reserves remains that “these are owned by the Afghan nation and these should be released.”
“The utilisation of Afghan funds should be the sovereign decision of Afghanistan,” the spokesperson said.
The statement also drew attention towards the Afghan people, who are facing grave economic and humanitarian challenges and the international community must continue to play its important and constructive role in alleviating their sufferings. “Time is of the essence,” the statement concluded.
The Afghan Taliban were also quick to denounce the US decision.
Mohammad Naeem, the spokesman for the Taliban’s political office in Doha, said in a tweet, “Stealing the Afghan people’s money that was frozen by the United States is the lowest a country could stoop to morally and humanly. Defeat and victory are part of human history but the greatest and scandalous defeat for a country or its people is when they suffer militarily and morally as well.”
Also read: Pakistan sends more aid as humanitarian crisis unfolds in Afghanistan
Separately, Pakistan’s Permanent Ambassador to the UN Munir Akram noted, "This money is critically needed to revive and sustain the Afghan economy, inject much-needed liquidity, and to save millions of lives in the middle of a harsh winter.”
“There is something wrong with a financial system where one State can unilaterally block the National assets of another to pay off questionable claims by its own citizens,” Akram added.
The $7 billion in funds from Da Afghanistan Bank, the country’s central bank, that were on deposit at the Federal Reserve Bank in New York, have been frozen since then-President Ashraf Ghani’s government collapsed after the Taliban takeover at the end of August 2021.
The country has experienced economic collapse and food insecurity since then.
COMMENTS

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ

Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ
SBP restricts outflow of dollars
Updated 15 hours ago
Artificial intelligence in Pakistan
Updated Jul 18, 2022
‘PTI defectors, tough economic decisions dealt blow to PML-N in Punjab by-polls’
Updated Jul 18, 2022
Basking in poll glory, Imran toughens line
Updated Jul 18, 2022
Pakistan, China discuss extending CPEC to Afghanistan
Updated Jul 18, 2022
Artificial intelligence in Pakistan
Updated Jul 18, 2022
Imran unfit to hold public office: PM Shehbaz
Updated Jul 18, 2022
‘Nine days wonder’: PML-N to concede Punjab on July 22
Updated Jul 18, 2022
‘Difficult decisions’ cost PML-N dearly: Nawaz Sharif
Updated Jul 18, 2022
‘PTI defectors, tough economic decisions dealt blow to PML-N in Punjab by-polls’
Updated Jul 18, 2022
US moves to unfreeze Afghan assets
Pakistan allows exports to Afghanistan in rupees
NSA, Turner call on world to avert Afghan crisis
UN seeks to define its role in Taliban-run Afghanistan
Pakistan sends more aid as humanitarian crisis unfolds in Afghanistan
COAS, EU envoy discuss Afghanistan situation
London's burning: Fire engulfs homes as UK temperatures hit record 40C
Economic meltdown shows Sharifs only expertise is ‘money laundering’: Imran
Elahi moves SC against Sanaullah for ‘intimidating’ PTI MPAs ahead of Punjab CM election
Govt to complete tenure despite setback in Punjab by-polls: Saad
Fitch downgrades Pakistan's outlook from stable to negative
Foreign TikToker allegedly gang-raped on trip to Fort Munro
Style 101: 9 Lines
One On One: Saadia Yasin Siddik and Miara Shaikh
Most Gaza children suffer 'distress' after 15 years of blockade: NGO
SBP restricts outflow of dollars
Artificial intelligence in Pakistan
‘PTI defectors, tough economic decisions dealt blow to PML-N in Punjab by-polls’
Basking in poll glory, Imran toughens line
Pakistan, China discuss extending CPEC to Afghanistan
‘Nine days wonder’: PML-N to concede Punjab on July 22
A house of broken hearts
Individual freedom and the state: are they germane today?
Legal wisdom
Summer reading
Pak-US relations
Epidemic of nonsense work
This material may not be published, broadcast, rewritten, redistributed or derived from. Unless otherwise stated, all content is copyrighted © 2022 The Express Tribune.

source

Leave a Comment

Your email address will not be published.