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A bill introduced in United States Senate seeking sanctions on the Afghan Taliban and therefore the refore the foreign governments that support the outfit seemed to have given investors in Pakistan timidity because the stocks fell nearly 3% and the rupee dropped to a record low on Wednesday. quite 20 Senate Republicans introduced legislation titled ‘Afghanistan Counterterrorism, Oversight, and Accountability Act’ aimed toward tackling things within the wake of chaotic US withdrawal from the war-torn country.
The bill sets out provisions for establishing a state department task force, counterterrorism strategy for Afghanistan, review of foreign assistance to countries supporting the Taliban and imposition of sanctions on the Islamist fundamentalists and their supporters.
If the bill gets support from both Houses and is signed into law, the US president will have the facility to impose sanctions on individuals who provide military, training or logistical support to the Taliban or provide shelter to their fighters.
Under the legislation, the US secretary of state will have the facility to suspend all sorts of foreign assistance to the countries or organisations found providing any sort of material support to the Taliban, except some activities to support humanitarian projects, democracy-building in Afghanistan, education among others.
Our legislation would help hold the Administration accountable and prioritize the entire evacuation of usa citizens , SIVs, and refugees,” said Senator Susan Collins regarding the legislation introduced by Senator Jim Risch.
“Additionally, it might impose sanctions on the Taliban and its supporters, sending a transparent message that the us denounces the Taliban’s human rights abuses and terrorism,” she added.
Pakistan has long been accused of providing assistance to the Afghan Taliban in their plan to topple the democratically elected government in Afghanistan, a charge Islamabad denies. Pakistan spy chief was in Kabul before the announcement of the interim Taliban government, which many experts suggested that Islamabad was trying to sideline Mullah Baradar and help the Haqqani Network get the main share of the facility pie in Afghanistan.
A day after the legislation was introduced in United States Senate , the benchmark Karachi stock market index decline the maximum amount as 2.9% before making a recovery. Analysts have said that the historic low of the Pakistani rupee , 170.27 against the dollar, was also weighed down by high demand for the greenback and therefore the situation in Afghanistan, reported Reuters.
“Dollar parity is consistently rising as demand for the dollar is high thanks to the present account deficit, and therefore the Afghan situation is additionally adding pressure,” Reuters quoted Samiullah Tariq, head of research and development at Pakistan Kuwait investment trust Pvt Ltd., as saying.
