Taliban celebrate 1st anniversary of US-led forces withdrawal from Afghanistan

Taliban fighters gather in the streets of Kabul as they celebrate the first anniversary of US troops withdrawal from Afghanistan, near the former US embassy in Kabul on August 30, 2022. (AFP)
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Updated 01 September 2022
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Taliban celebrate 1st anniversary of US-led forces withdrawal from Afghanistan

  • Taliban marked pullout of foreign troops by declaring Aug. 31 national holiday
  • 1 year on, Afghanistan faces deepening humanitarian crisis, collapsing economy

KABUL: The Taliban on Wednesday held marches and a military parade to celebrate the first anniversary of the withdrawal of US-led troops from Afghanistan after two decades of war that killed tens of thousands of Afghans on their soil.

The foreign military pullout came weeks after the Taliban took over the war-torn country, which started with Kabul on Aug. 15. A year on, the new government is still struggling to gain recognition from the international community, with Afghanistan facing a deepening humanitarian crisis and collapsing economy.

Celebrations of “freedom” swept the South Asian nation this week, with fireworks lighting up the Kabul sky on Tuesday night and the Taliban declaring Wednesday a national holiday to mark the occasion.

“We live in an atmosphere of freedom,” the Taliban’s acting prime minister, Mullah Hassan Akhund, said as he addressed a gathering in Bagram air base, which once held thousands of Taliban and Al-Qaeda members during the war.

“The night raids and other major problems have come to an end and shedding blood has stopped.”

Taliban chief spokesperson, Zabihullah Mujahid, said: “The victory of Aug. 31 freed Afghanistan from American occupation.” And he called on the international community not to repeat the events of the last two decades.

“The policy of pressure and threatening the people of Afghanistan has failed in the last 20 years as it only increased the crisis,” he said in a statement.

The one-year anniversary of the withdrawal carried different meanings for Afghans throughout the country.

Rohullah Haidari, a member of the Taliban in Laghman province in the country’s east, told Arab News that the day marked a new chapter for Afghanistan.

“Our 20-year struggle and sacrifices pushed the US and all its allies out of Afghanistan. We achieved freedom,” he said.

The country is safer compared to when the Taliban were fighting against US-led troops and their Afghan allies, even as a local offshoot of Daesh has carried out several attacks in the past year.

But the UN has warned of a humanitarian catastrophe unfolding in the country, as its humanitarian chief Martin Griffiths told the Security Council on Monday that 6 million Afghans were at risk of famine.

When the US completed its military withdrawal from Afghanistan last year, its huge chaotic airlift left behind thousands of Afghans seeking an escape from Taliban rule.

The hasty exit led to millions of Afghans now facing an unprecedented crisis. The country’s aid-dependent economy has been in freefall since the Taliban took over, with billions of dollars in foreign aid suspended, and some $9.5 billion in Afghan central bank assets parked overseas still frozen.

Ajmal Hamidi, a former professional in the development sector in Kabul, said cutting development funds overnight led to the economic collapse in Afghanistan.

“In 20 years, our country has become fully dependent on foreign aid due to inappropriate policies,” Hamidi told Arab News.

“When the US forces left Afghanistan, the development projects were halted and millions of Afghans lost their jobs, income but, more importantly, their hope.

“The international community could make this a responsible and decent withdrawal, but they didn’t want to do so.”


Britain needs ‘AI stress tests’ for financial services, lawmakers say

Updated 20 January 2026
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Britain needs ‘AI stress tests’ for financial services, lawmakers say

  • Lawmakers urge AI-specific stress tests for financial firms

LONDON: Britain’s financial watchdogs are not doing enough to stop artificial ​intelligence from harming consumers or destabilising markets, a cross-party group of lawmakers said on Tuesday, urging regulators to move away from what it called a “wait and see” approach.
In a report on AI in financial services, the Treasury Committee said the Financial Conduct Authority and the Bank of England should start running AI-specific stress tests to help firms prepare for market shocks triggered by automated systems.
The committee also called on the FCA to ‌publish detailed guidance ‌by the end of 2026 on how ‌consumer ⁠protection ​rules apply to ‌AI, and on the extent to which senior managers should be expected to understand the systems they oversee.
“Based on the evidence I’ve seen, I do not feel confident that our financial system is prepared if there was a major AI-related incident and that is worrying,” committee chair Meg Hillier said in a statement.

TECHNOLOGY CARRIES ‘SIGNIFICANT RISKS’

A race among banks to adopt agentic AI, which ⁠unlike generative AI can make decisions and take autonomous action, runs new risks for retail customers, the ‌FCA told Reuters late last year.
About three-quarters ‍of UK financial firms now use ‍AI. Companies are deploying the technology across core functions, from processing insurance claims ‍to performing credit assessments.
While the report acknowledged the benefits of AI, it warned the technology also carried “significant risks” including opaque credit decisions, the potential exclusion of vulnerable consumers through algorithmic tailoring, fraud, and the spread of unregulated financial advice through AI chatbots.
Experts ​contributing to the report also highlighted threats to financial stability, pointing to the reliance on a small group of US tech ⁠giants for AI and cloud services. Some also noted that AI-driven trading systems may amplify herding behavior in markets, risking a financial crisis in a worst-case scenario.
An FCA spokesperson said the regulator welcomed the focus on AI and would review the report. The regulator has previously indicated it does not favor AI-specific rules due to the pace of technological change.
The BoE did not respond to a request for comment.
Hillier told Reuters that increasingly sophisticated forms of generative AI were influencing financial decisions. “If something has gone wrong in the system, that could have a very big impact on the consumer,” she said.
Separately, Britain’s finance ‌ministry appointed Starling Bank CIO Harriet Rees and Lloyds Banking Group ‘s Rohit Dhawan as “AI Champions” to help steer AI adoption in financial services.