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IEA sets up independent agency for regulation of state-owned companies
The Deputy Prime Minister for Economic Affairs Mullah Abdul Ghani Baradar addressed a gathering focused on the establishment of an independent agency aimed at enhancing the strength and integration of state-owned corporations, the deputy prime minister office said in a statement.
Baradar said this decision aligns with the decree of the Islamic Emirates’ supreme leader, aiming to improve the management of state-owned corporations, boost national revenues, and prevent monopolies.
Baradar emphasized the significance of establishing this institution and said: “Government corporations in Afghanistan were highly effective a few decades ago, contributing up to 60 percent of the national budget. Their services surpassed those of the private sector, handling tasks with professionalism and strength that the private sector might have struggled with. Unfortunately, over the past 40 years, along with other parts of Afghanistan, government corporations faced challenges that were seldom discussed.”
He hailed the creation of an independent agency for state-owned corporations as a key achievement, clarifying that all government corporations will now operate under a single agency for improved efficiency and positive outcomes.
In this meeting, Abdul Latif Nazari, deputy economy minister also said that the IEA is trying to bring Afghanistan to economic self-sufficiency by implementing large infrastructure projects.
Nazari added that the coordination of companies under a single and independent umbrella is an important principle for national interests, growth and economic development of the country.
Meanwhile, a number of participants said that the establishment of an independent agency will lead to healthy competition between companies and the ground for attracting investment.
In the last four decades, many government companies were either destroyed or their equipment was plundered due to the war and conflicts in the country.
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Continued aid to Afghanistan vital for regional security: Kazakh president
Kazakhstan’s President Kassym-Jomart Tokayev has emphasized the continuation of humanitarian assistance to Afghanistan, stating that the ongoing provision of such aid plays an important role in ensuring regional security.
Speaking at the international conference “Peace and Trust” in Ashgabat, the capital of Turkmenistan, Tokayev described addressing complex humanitarian challenges and the reconstruction of Afghanistan as a necessity.
“To ensure regional security, we consider it essential to continue providing assistance to Afghanistan, including by strengthening international efforts to address complex humanitarian issues and the reconstruction of this country. Kazakhstan remains committed to supporting the people of Afghanistan through humanitarian aid, educational projects, trade development, and food security initiatives,” he said.
Meanwhile, experts believe that sustainable improvement of the humanitarian situation in Afghanistan requires broad cooperation from the international community and support for the country’s economic development.
“Investment can be defined as one of the fundamental drivers of the economic cycle, and whenever Afghan traders do not take their money out of the country and instead invest domestically, it naturally leads to greater growth and dynamism in Afghanistan’s economy,” said Abdul Zahoor Modabber, an economic analyst.
As the humanitarian crisis in Afghanistan continues, reports by international relief organizations indicate that millions of citizens of the country are in urgent need of food, health, and livelihood assistance.
The reduction in funding for aid organizations, the impacts of climate change, and the return of migrants have increased concerns about a further deterioration of the humanitarian situation in the country.
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Islamic Emirate declines to attend Tehran meeting on Afghanistan
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Sirajuddin Haqqani: A government that intimidates its people is not a true government
Khalifa Sirajuddin Haqqani, Minister of Interior of the Islamic Emirate of Afghanistan, said during a visit to Khost province on Friday that any government which rules through fear cannot be considered a true government.
“A government is one that is loved by its people, one that serves them with respect and compassion, and from whose behavior people learn ethics and sincerity,” he said.
Haqqani also stressed that Afghans who opposed the Islamic Emirate in the past should be tolerated and treated in a way that helps eliminate hostility and animosity, paving the way for national cohesion.
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