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Business climate improves in Afghanistan, finds ACCI survey

Business climate improves in Afghanistan, finds ACCI survey

Jul 26, 2016 - 21:44

KABULinfo-icon (Pajhwok): The Afghanistaninfo-icon Chamber of Commerce and Industries (ACCI) on Tuesday said business climate had improved in the country during the ongoing solar yearinfo-icon compared to the previous year.

ACCI CEO Attiqullah Nusrat told a press conference in Kabul that they conducted a three-month survey in Kabul, Balkh, Kandahar, Heart and Nangarhar provinces, interviewing 600 mid-level investors about the situation of their businesses.

He said the survey showed the business climate in the country had improved during the first three months of the solar year from minus 23 to minus 6.

The survey found that the business situation in a number of provinces like Nangarhar, Kandahar and Heart was progressing and it was opposite in Kabul and Balkh. But in overall, all investors were optimistic about their business future.

Nusrat said investors had expressed their satisfaction with regard to government’s promises with them, but they identified insecurity and market collapse as big problems.

“Those interviewed said due to insecurity businessmen are unwilling to invest because whenever there are suicide attacks, blasts, kidnappings, robberies and murders, these create hurdles to businesses and lead to the collapse of bazaars.”

He said though practical steps in support of the private sector were yet to be taken, yet investors and businessmen were optimistic about their future.

He urged the government to pay special attention to their findings and prioritize problems being faced by the investors.

But Seema Aziz Tayeb, director of a business firm, Milli Aziz Mobile and Furniture, said the purchase level of their products had drastically dropped.

She said people’s economy had weakened and goods from foreign countries having lower rates had affected their products.

Aziz said the government should pay special attention to local industry and exempt local industry from taxes for the next five years in order to help them stand on their own feet.

Afghanistan Investment Support Agency (AISA) head Qurban Haqju said insecurity remained the key challenge to businesses and finding market for local products had become problematic.

He said though the situation was good this year compared to the previous year, corruption continued to keep the investors at bay.


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