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IEA won’t be allowed access to Afghan central bank reserves: US

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Deputy U.S. Treasury Secretary Wally Adeyemo on Tuesday said he sees no situation where the Islamic Emirate of Afghanistan (IEA) who regained power in Afghanistan in August, would be allowed access to Afghan central bank reserves, which are largely held in the United States.

The IEA have called for the United States to lift a block on more than $9 billion of Afghan central bank reserves held outside the country as the government struggles to contain a deepening economic crisis.

“We believe that it’s essential that we maintain our sanctions against the Taliban (IEA) but at the same time find ways for legitimate humanitarian assistance to get to the Afghan people. That’s exactly what we’re doing,” Adeyemo told the Senate Banking Committee.

The IEA took back power in Afghanistan in August after the United States pulled out its troops, almost 20 years after the IEA were ousted by U.S.-led forces following the Sept. 11, 2001, attacks on the United States.

Washington and other Western countries are grappling with difficult choices as a severe humanitarian crisis looms large in Afghanistan. They are trying to work out how to engage with the IEA without granting them the legitimacy they seek, while ensuring humanitarian aid flows into the country.

“Our goal is to make sure that we are implementing our sanctions regime against the Taliban (IEA) and the Haqqani network, but at the same time allowing for the permissible flow of humanitarian assistance into the country,” Adeyemo said.

The Haqqani network is a group affiliated with the IEA based near the border with Pakistan and blamed for some of the worst suicide attacks of the war.

Adeyemo said the Treasury was taking every step it could within its sanctions regime to make clear to humanitarian groups that Washington wants to facilitate the flow of aid to the Afghan people, but warned that for humanitarian assistance to flow, the IEA have to allow it to happen within the country.

The Treasury last month further paved the way for aid to flow to Afghanistan despite U.S. sanctions on the IEA when it issued two general licenses.

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Pakistan appoints 26 new jirga members for border crisis talks in Afghanistan 

Customs sources have said trade suspension is causing an estimated daily loss of $3 million in bilateral trade

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The Pakistani authorities have appointed a new 26-member jirga to hold further talks in Afghanistan over reopening Torkham border after the first round of talks hit a stalemate last week. 

Torkham crossing was closed almost a month ago when Pakistan border officials opposed the reconstruction and renovation of a security check post on the Afghan side. 

Sources told Pakistan’s Dawn news outlet that the new jirga would consist of 26 members, including experienced and influential tribal elders and local traders who are mostly members of Khyber Chamber of Commerce and Industry.

The source told Dawn talks could resume today, Monday March 17.

Torkham, a key border crossing between Pakistan and Afghanistan in the Khyber District of Khyber Pakhtunkhwa, remained closed for the 24th day on Monday amid rising concerns among traders of both countries who have suffered enormous losses due to the closure. 

The crossing was closed on February 21 after escalation of tensions between the border forces on both sides. During subsequent exchanges of fire, three Afghan soldiers died while eight Pakistani paramilitary troops also sustained injuries.

Customs sources have said trade suspension is causing an estimated daily loss of $3 million in bilateral trade adding that over the first 20 days, approximately $60 million in trade was lost.

Torkham Border Crossing facilitates the daily movement of around 10,000 people to Afghanistan and is a key trade route between the two countries. Over 5,000 trucks, including those carrying perishable goods, are currently stranded, causing heavy financial losses.

 

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Uzbekistan investors show keen interest in mining and construction sectors

The Uzbek Ministry of Investment, Industry and Trade said last month that Uzbekistan and Afghanistan plan to increase the trade turnover to $3 billion.

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Uzbek investors met last week with Afghanistan’s Deputy Minister of Commerce and Industry, Ahmadullah Zahid, and showed an interest in the construction and mining sectors in Afghanistan. The Ministry of Commerce and Industry (MoCI) said in a statement after the meeting that the Uzbek delegation had been assured that Afghanistan was secure and that there are vast investment opportunities in the construction and mining sectors.

Zahid reaffirmed the government’s commitment to supporting both domestic and foreign investors, ensuring a favorable business environment. He also said he hoped the investments would help boost Afghanistan’s economy and further strengthen economic relations between the two neighbouring nations. This comes after Uzbekistan opened a trade center in the northern city of Mazar-e-Sharif early this month.

The trade center provides Uzbek entrepreneurs with a platform to market their goods in Afghanistan.

Trade turnover between Uzbekistan and Afghanistan totalled $153.7 million in January 2025. This is 231 percent more against the same period last year ($46.3 million in January 2024).

The Uzbek Ministry of Investment, Industry and Trade said last month that Uzbekistan and Afghanistan plan to increase the trade turnover to $3 billion.

The latest development comes amid concerted efforts by both countries to boost their cross-border trade relations.

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Afghanistan records trade volume of $292 million via air corridors in 1403 solar year

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Afghanistan’s Ministry of Industry and Commerce says that in the solar year 1403 (April 2024 to March 2025), goods worth $292 million were transported through air corridors.

Abdulsalam Jawad Akhundzada, the ministry’s spokesman, said that the value of exports through air corridors this year totalled $125 million and imports $167 million.

He added that the main export items were dried fruits, saffron, dried and fresh figs, jujubes, pine nuts and handicrafts, and the main import items were medicines and electronic devices.

Akhundzada said that exports happened through Kabul, Kandahar and Mazar-i-Sharif airports to the United States, Germany, China, India, Britain, South Africa, Austria, United Arab Emirates and some other countries.

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