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Flow of US dollars into Afghanistan ‘weakens Pakistan’s foreign exchange reserves’

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The chairman of Pakistan’s Forex Association says that over the past few months, about $2 billion dollars has entered Afghanistan through the country's border, both legally and illegally.

Speaking at a press conference on Tuesday, Malik Bostan said that in the past, millions of dollars flowed into Pakistan from Afghanistan and was exchanged in the country, but this trend has not reversed.

“About two billion dollars have gone to Afghanistan from Pakistan in the form of official and unofficial trade, abuse of transit trade, smuggling and through the borders, and this has weakened Pakistan's foreign exchange reserves and caused a heavy decrease in the value of the currency,” said Bostan.

According to him, Pakistan's economy is suffering irreparable damage due to Afghanistan's transit trade, which has grown significantly.

“In Afghanistan, due to economic sanctions, the bank account and system are frozen, so our trade with Afghanistan is not done through banking channels, but in cash,” he said.

“Only about 15,000 people go to Afghanistan every day and each of them brings $1,000 into this country, which is a total of $15 million dollars entering Afghanistan every day, and this has become uncontrollable,” he added.

According to him, at the beginning of the Islamic Emirate's rule in Afghanistan, Pakistan's foreign exchange reserves were $22 billion dollars and its import bill was $4.5 billion dollars.

This is while the border police of Herat province arrested two people who wanted to import $80,000 into Iran.

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Human traffickers should be sentenced to 1 to 3 years in prison: IEA leader

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The Leader of the Islamic Emirate has issued a decree instructing the Ministry of Interior Affairs to prevent human trafficking and to arrest and refer culprits to military courts.

The decree containing six articles says that that military courts should sentence human traffickers to one year in prison for the first time, two years if repeated for the second time and three years if repeated for the third time.

The ministries of Hajj, information, telecommunications, borders, propagation of virtue, as well as religious scholars are asked to inform the public about the dangers and adverse consequences of travelling through smuggling routes.

The decree comes as the rate of migration has increased following the political change in Afghanistan in 2021.

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Eight Afghan migrants die as boat capsizes off Greek island

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Eight Afghan migrants died after a speedboat carrying migrants capsized off Greece's eastern island of Rhodes on Friday, the Associated Press reported.

Greek authorities said that the capsizing was the result of the boat’s maneuvering to evade a patrol vessel.

A total of 18 migrants — 12 men, three women and three minors — all Afghan nationals, were rescued, Greece's coast guard said Saturday. The dead were also from Afghanistan, it said.

Some migrants remained hospitalized, with one in critical condition, authorities said.

Two Turkish citizens, ages 23 and 19, were arrested as the suspected traffickers. The boat sank after capsizing, the coast guard said.

The sinking off Rhodes was the second deadly incident involving migrants in the past week.

Seven migrants were killed and dozens were believed missing after a boat partially sank south of the island of Crete over the weekend — one of four rescue operations during which more than 200 migrants were rescued.

 

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Norwegian Chargé d’Affaires meets with IEA deputy foreign minister

Welcoming the diplomat’s visit to Kabul, Stanikzai underscored the importance of political relations between Afghanistan and Norway, the foreign ministry said in a statement.

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The Norwegian Chargé d’Affaires for Afghanistan, Per Albert Ilsaas, on Saturday met with IEA’s Deputy Foreign Minister for Political Affairs, Sher Muhammad Abbas Stanikzai, in Kabul.

Welcoming the diplomat’s visit to Kabul, Stanikzai underscored the importance of political relations between Afghanistan and Norway, the foreign ministry said in a statement.

In addition to focusing on bilateral political, humanitarian, and other pertinent issues, the two sides expressed hope that continued engagement would lead to constructive solutions to related issues.

This comes two weeks after the Foreign Ministry Spokesman Abdul Qahar Balkhi expressed disappointment regarding the decision by the Norwegian government to downgrade diplomatic relations with Afghanistan.

Balkhi said in a post on X that such decisions should not be linked with internal affairs of other countries.

“Diplomatic engagement is most effective when it fosters mutual understanding and respect, even amidst differing viewpoints,” he stated.

“Access to consular services is a fundamental right of all nationals. We strongly urge all parties to prioritize this principle in the spirit of international cooperation,” he added.

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