US to reassess relationship with Pakistan to ensure better future for Afghanistan
September 15, 2021, 11:43 pm

US to reassess relationship with Pakistan to ensure better future for Afghanistan

Pakistan-people in clash

The We For News reported, the hasty withdrawal of the US and NATO forces from Afghanistan has sparked a debate in the US Congress, with US Secretary of State Antony Blinken going through a tough session answering some serious questions raised by the Congressmen.

According to the We For News, Blinken stated that the US will look into its relationship with Pakistan and re-assess as to how it can be of use to ensure a better future for Afghanistan.

It said, Blinken’s statement came in response to multiple demands and questions over taking a harder and more strict approach towards Pakistan.

He said: “Pakistan has a multiplicity of interests with some that are in conflict with ours."

Blinken added: “It is one that is involved hedging its bets constantly about the future of Afghanistan, it is one that is involved in harboring members of the Taliban, it is one that’s also involved in different points of cooperation with us on counterterrorism.”

It was in this regard that Blinken confirmed before the House of Representatives’ Foreign Affairs Committee that Washington would be re-assessing its relationship with Pakistan.

He said:: “This is one of the things we are going to be looking at in the days and weeks ahead… the role that Pakistan has played over the last 20 years, as also the role we would want to see it play in the coming years and what it will take for it to do that.”

Blinken also highlighted that Washington has called on Pakistan to deny legitimacy to the Taliban-led government in Afghanistan unless it doesn’t meet the international demands and expectations, which include inclusive government and rights to women.

He insisted: “What we have to look at is an instance that every country, to include Pakistan, make good on the expectations that the international community has of what is required of a Taliban-led government if it’s to receive any legitimacy of any kind.”

He added, “So Pakistan needs to line up with a broad majority of the international community in working toward those ends and in upholding these expectations.”

Various demands on taking a hardline stand on Pakistan were put forward, which included removal of its status as a major non-NATO ally, which gives it privileged access to the US weaponry.

It is pertinent to mention here that the US and other western countries are in a difficult position to balance out their position in the aftermath of the hasty withdrawal from Afghanistan, as the decision has sparked a debate in global quarters.

What has also now become a major debate is how to engage with the Taliban, especially when aid pledges are being made to prevent Afghanistan from a massive humanitarian crisis.

Source: wefornews

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).

Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.