Business
Neighboring Countries Trying to Prevent Investment in Afghanistan: MoF
Afghan Ministry of Finance (MoF) says some of the neighboring countries are trying to prevent investment and domestic production in country.
Afghanistan is at risk of unwelcome external influences, its sovereignty and traditions vulnerable.
The finance minister, Eklil Hakemi declared the government committed to provide fields for the growth of economic sector to International Community in Brussels summit.
“Facilities and fields are ready for those Afghans who want to invest in Afghanistan and the government is committed. But some neighboring countries and political challenges caused the slow process and we are trying to solve this problem,” said Eklil Hakemi, finance minister.
UN Secretary-General for Afghanistan, Tadamichi Yamamoto says a big part of Brussels commitment has been fulfilled but the rest of them remain incomplete. The International Community and Afghan government should make further efforts in fighting terrorism based on Brussels commitments.
According to MoF information, big energy projects will be start for attracting investment in the current year and the ministry jointly works with National Council to pass the investment law in public and private sector.
Afghanistan’s emergence as a regional crossroads for trade and resource sharing in a post-Taliban era remains a distant though hopeful prospect. Endemic economic and physical constraints and retrogressive political developments block progress toward the region forming a vital new economic entity.
The Ministry of Interior said the governor of Herat province Islam Jar met with Alim Khan Yasin Gildaye, Ambassador of Kazakhstan to Afghanistan, to discuss various issues around trade.
According to the ministry, the two sides discussed the expansion of trade facilities, increasing the volume of trade exchanges between traders of the two countries, reducing customs tariffs, solving the challenges of traders and issuing visas to them.
The Afghanistan-Kazakhstan Chamber of Commerce has been opened in Herat in order to facilitate and increase trade between the two countries.
The Ministry of Industry and Commerce (MoIC) says Afghanistan has reached self-sufficiency in 45 sectors and the production of 133 items, and that the ministry is striving to change Afghanistan from an importing country to an exporting one.
The ministry officials said that for this purpose, supporting domestic products and attracting investment is essential.
The ministry’s spokesman Abdul Salam Jawad Akhundzada emphasized increasing the use of domestic goods and products in government and national projects and added that efforts have also begun to find a market for domestic products inside and outside the country.
“We have reached self-sufficiency in 133 items of production, which is 45 sectors, and also we reached the capacity of semi-self-sufficiency in 95 items of production, which is 27 sectors,” he said.
Meanwhile, the Chamber of Industries and Mines (ACIM) says over the past two and a half years, more attention has been paid to the development of domestic production and it is also expanding.
The chamber officials stressed expanding the culture of using domestic products in government projects.
“I think that the government is one of the biggest consumers in the market if it uses domestic products in all its development projects,” said Abdul Nasir Rashtia, a member of ACIM.
Economic experts also said that if the use of domestic products in government projects increases, Afghanistan will quickly move towards economic independence.
Da Afghanistan Bank (DAB) announced Monday that online exchanges are banned and legal action will be taken against anyone who violates the order.
DAB said in an announcement that it has not issued any license to any person or company to operate an online exchange, because such activities are illegal.
“Da Afghanistan Bank requests our dear compatriots to refrain from online exchange transactions due to the risks, damages and subsequent consequences of these transactions,” it said.
DAB added that the issue has been shared with intelligence and security institutions and legal action will be taken against violators.
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