Advertisement

Sanctions, assets freeze has crippled Afghanistan’s banking system: FM Qureshi

  • Web Desk
  • Share

FM Qureshi predicts

Foreign Minister Shah Mahmood Qureshi. Image: File/Radio Pakistan

Advertisement

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi has said that sanctions and assets freeze crippled the banking system of Afghanistan, impeding the transfer of funds for humanitarian purposes.

Read more: OIC moot to bridge gap between Taliban, int’l community on Afghan humanitarian crisis: FM

In his article published in Khaleej Times, he said that the crippling of the banking system was hampering the payment of salaries of workers in critical sectors such as public services, education and health.

“A review and reconsideration of sanctions are essential to save lives, enable basic services and maintain a modicum of public governance,” said the FM.

The foreign minister continued that fragile governance structure, severe liquidity shortage and financial sanctions presented a clear and present danger of an economic meltdown in Afghanistan.

Advertisement

“The humanitarian calamity afflicting Afghanistan is perhaps the worst in the world today.” 

Despite modest resources and financial constraints, Pakistan was providing humanitarian support and provided air and land bridge for humanitarian supplies and facilitated transit trade and cross border movement of Afghans in need, he added.

Read more: Pakistan gears up to host OIC FM’s moot

The foreign minister said that it was not the time to abandon the people of Afghanistan. Giving in to the temptation to ‘move on from Afghanistan would be catastrophic, he added.

Advertisement
Read More News On

Catch all the Business News, Breaking News Event and Latest News Updates on The BOL News


Download The BOL News App to get the Daily News Update & Live News.


Advertisement
End of Story
BOL Stories of the day
KW&SC completes 48-inch line repair at K-II station, restores water supply
Shakeel Ahmad Meer launches Pakistan’s first AI-powered learning platform to empower youth
Pakistan Railways announces new winter schedule for passenger trains
Gold soars to Rs442,800 per tola in Pakistan
Security forces kill 34 terrorists in separate operations in KP  
IHC warns of action against Principals over drug supply in educational institutions
Next Article
Exit mobile version