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President Karzai Assigns a High Council to Monitor Economic Growth

in Afghan Business

President Karzai Assigns a High Council to Monitor Economic Growth

President Hamid Karzai has set up a High Economic Council, led by the president himself, to boost the country’s economy.

The Council would include three representatives from the private sector, university scholars and the Cabinet.

Minister of Commerce and Industries Anwarul Haq Ahadi said the president set up the body to evaluate the economic development of post 2014.

Minister Ahadi believed that Afghanistan’s economy would be able to improve post 2014, when many of the foreign troops would withdraw Afghanistan.

Afghanistan currently depends heavily on imports. The Council would want to ensure that Afghanistan would be able to produce its essential commodities domestically.

The private sector is seen as the main driver of the economic growth, and Minister Ahadi promised that the government would provide them all possible facilities, including land plots, power supply and lower taxes.

The Council would frame a viable policy focusing on facilitating private investment, said Minister of Economy Abdul Hadi Arghanidwal.

Head of the Chamber of Commerce and Industries Mohammad Qurban Haqjo hoped the Council would help overcome the main obstacles to the economic growth- administrative corruption and lack of coordination between the government and the private sector.

Investment in Afghanistan has gone up by 20%, announced Mr. Ahadi.

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