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Public-private sectors assess challenges to investment

Public-private sectors assess challenges to investment

Oct 18, 2016 - 19:34


KABULinfo-icon (Pajhwok): The public and private sectors on Tuesday discussed challenges investment faced in Afghanistaninfo-icon and finding solutions to them.

A joint government-private sector meeting organized by the Afghanistan Chamber of Commerce and Industry (ACCI), Center for International Private Enterprise (CIPE) and National Center for Policy Research (NCPR) assessed challenges in the way of investment in the country and how to deal with them.

Atiqullah Nasrat, ACCI executive director, said studying challenges investors faced in Afghanistan and finding solutions to them was helpful for economic development of Afghanistan.

The lack of proper security and infrastructural resources, administrative corruption, absence of industrial parks, intolerable high taxes and tax fines and absence of proper export-oriented policies were main problems of investors, he said.

Hamidullah Noor Abbas, NCPR head, said domestic products were important for economic development of the country, and the government should pay attention to it.

The country’s economic development had been very low in the past 15 years and there had been no domestic products that met people’s needs, he said.

However, he said the telecommunications, transportation and hotel business had somehow improved, but agricultureinfo-icon and industrial activities were neglected.

Currently more than 90 percent of consumable items were imported from foreign countries, Abbas said, adding that investment in agriculture and industries would help increase domestic products and generate job opportunities for a large number of people.

Deputy commerce and industries minister, Abdul Bari Rahmani confirmed challenges to investment in Afghanistan and said his ministry was interested to take action for resolving the challenges in coordination with the private sector.

He said business affairs could be improved if exports were paid more attention and industries strengthened to produce competitive products.



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