Inauguration of Afghanistan Commercial Companies and Investors Union in Kabul. (PHOTO: Social media)

Kabul, Afghanistan – The Afghanistan Commercial Companies and Investors Union claims that the former government owes 60 billion afghanis to the union members through bank guarantees, remittances and for security, asking the Islamic Emirate for a special approach to address their loans.

Seeking the Taliban government’s consideration, head of the union Mohammad Baz Ghairat vowed to double investments in Afghanistan and increase job opportunities for locals if their loans are handed back to investors.

“Given the country’s high unemployment and homelessness rates, we assure you that if these loans are given to us, we will raise the number of factories in the investment sector from hundreds to thousands,” said Ghairat, as TOLOnews quoted.

Ghairat urged the Islamic Emirate to establish a special commission in order to facilitate the return of Afghan investors from neighboring countries, which will pave the way for investments in Afghanistan without any security or financial threats.

“We urge the Islamic Emirate to establish a special commission to facilitate the return of Afghan investors from abroad, similar to the Commission for the Return of Political Figures, so that they can return to the country with complete confidence and invest,” he added.

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Meanwhile, the Afghan Chamber of Industries and Mines (ACIM) says the banking problem has yet to be addressed, where investors are unable to transfer money for raw materials, saying “in terms of remittances, the Central Bank of Afghanistan works closely with the private sector.”

“Unfortunately, the mediator bank, the City Bank of America, does not always pass the identical TTs of private enterprises or industrialists in a timely manner, and this problem remains,” said Sakhi Ahmad Peyman, ACIM head.

“Afghanistan’s banking problems are still there. There is no Afghan bank that can effectively transfer money from Afghan businessmen to enterprises on the other side, neither private nor state-owned,” said the deputy of the chamber of commerce, Khairuddin Mayel, as local media reported.

According to the Chamber of Commerce and Investments, some businessmen are now sending money abroad to buy items due to a banking problem.

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