Friday, March 1, 2024

Initiative underway to allocate land for returning traders and investors

Immigration News

Fidel Rahmati
Fidel Rahmatihttps://www.khaama.com
Fidai Rahmati is the editor and content writer for Khaama Press. You may follow him at Twitter @FidelRahmati

Acting Minister of Industry and Commerce, Nooruddin Azizi, along with the head of the committee for facilitating the return of businessmen, met with Abdul Salam Hanafi, the administrative deputy to the acting prime minister.

The committee’s primary objective is establishing industrial parks and allocating land for returning businessmen and investors.

The committee is contemplating tax exemptions as part of its strategy to entice them.

Abdulsalam Jawad Akhundzada, a Ministry of Industry and Commerce spokesperson, reiterated the committee’s goals.

Abdul Salam Hanafi emphasized the administration will provide facilities for entrepreneurs and investors, encouraging Afghan businesspeople abroad to invest in the country.

Afghanistan Chamber of Industries and Mines’ deputy head, Sakhi Ahmad Payman, highlighted the potential for investments to thrive in Afghanistan, given its consumer market and capacity.

Efforts by the joint chamber of commerce of Afghanistan and Pakistan are focused on relocating Afghan investments from Pakistan to Afghanistan, with hopes for facilitation by the Taliban administration of Afghanistan.

The current investment climate in the country remains unfavourable, primarily attributed to issues such as the absence of legitimacy, political isolation, and an unrecognized administration.

Experts assert that to attract local and foreign investors, the Taliban must prioritize respecting human and women’s rights, promoting education and employment opportunities, and establishing an inclusive government that can inspire trust.

Only once these critical conditions are met will the interest of both local and foreign investors be piqued, potentially leading to increased investment in the country.

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