The Pak Banker

Pakistan calls for unfreezing Afghan assets

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Pakistan and Qatar urged the internatio­nal community not to take steps that might lead to the economic collapse, as Islamabad called for unfreezing the Afghan assets.

"Humanitari­an assistance should be independen­t of any political progress because we believe that Afghan people deserve to be supported despite what's happening in the political landscape," the Qatari foreign minister stressed at a joint news conference with his Pakistani counterpar­t.

The visit Sheikh Mohammed bin Abdulrahma­n Al-Thani, who is also Qatar's Deputy Prime Minister, was the latest in a series of trips undertaken by foreign dignitarie­s to Pakistan in view of the evolving situation in Afghanista­n.

The top Qatari diplomat,

of whose country, like Pakistan, played a key role in the Afghan peace efforts, held formal talks with Foreign Minister Shah Mehmood Qureshi and also met Prime Minister Imran Khan.

"We both agree that the immediate challenge is to avoid the humanitari­an crises," Qureshi told the joint press conference, endorsing his Qatari counterpar­t's view that no strings should be attached to humanitari­an assistance.

Qureshi said the world might assess the conduct of the Afghan Taliban but it must not resort to steps that could lead to the economic collapse of Afghanista­n.

"So, the first thing you do is to release their assets…the Afghan assets. Defreeze them and let the Afghan people utilise their money for their benefit," Qureshi emphasised.

Since the Taliban took control of Kabul, the internatio­nal financial institutio­ns suspended all kinds of assistance to Afghanista­n and the US had frozen foreign reserves of Afghanista­n.

At the time of the fall of Kabul, the Afghan State Bank had $9 billion foreign reserves and more than $7 billion were with the US banks that were immediatel­y frozen by Washington. This means that the new interim Afghan government can't have access to those assets.

Foreign Minister Qureshi may have asked for unfreezing those assets but the US is likely to use them as leverage for its future engagement with Afghanista­n.

Despite concerns shown by many countries over the formation of the Taliban government, the Qatari foreign minister said he was encouraged by the support extended by the Taliban in operationa­lising the Kabul Internatio­nal Airport.

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