Pakistan has called for unfreezing of Afghanistan's assets after US decided to keep half

Pakistan has called for the complete unfreezing of Afghanistan's assets after the Joe Biden-led administration in the United States decided to keep half of the $7 billion Afghan assets in the country.

Biden on Friday signed an executive order to deal with the threat of an economic collapse in Afghanistan, setting wheels in motion for a complex resolution of competing interests in the country's assets.

The United States is seeking to free up half of the $7 billion in frozen Afghan central bank assets on US soil to help the Afghan people while holding the rest to possibly satisfy terrorism-related lawsuits against the Taliban, the White House said.

In a statement on Saturday, Foreign Office spokesperson Asim Iftikhar said Pakistan had seen the US decision to release $3.5 billion for humanitarian assistance in Afghanistan and $3.5 billion for compensation to families of 9/11 victims.

"Over the past several months, Pakistan has been consistently emphasising the need for 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," the spokesperson said.

from Latest Pakistan News - SUCH TV https://ift.tt/f4VPnm8