English | دری

Afghan Cabinet approves the new industrial policy

in Afghan Business

Afghan Cabinet approves the new industrial policy

The Cabinet has approved the new industrial policy which has been prepared to meet the needs of the country’s industrialists.

Commerce and Industries Minister Dr. Anwarul Haq Ahadi announced the government’s acceptance of the industrialists’ request for extending loans. Minister Ahadi said an 8% mark-up will be charged as opposed to 18% that was previously paid by loanees.

The policy encourages growth to the manufacturing sector by hiking the import duty on the domestically produced items, in a bid to encourage the people to purchase Afghan products.

Mr. Ahadi in a news conference asked industrialists to exploit the increased duties on imports over the next few years and focus on meeting the domestic demands and expanding their businesses.

He further added that the decision on entrepreneurs’ demand for tax holiday till their business become self-sustaining is yet pending.

Afghanistan Industrialists’ Association Chief, Abdul Jabbar Safi, hailed the new policy and its potential to help boost the industrial units in the country.

Related Articles

The Rise & Fall of the Deserts of Southwest Afghanistan & its Impact on Migration, Poppy and Stability

The Afghanistan Research and Evaluation Unit (AREU) has recently published its recent synthesis paper, “When the Water Runs Out: The

Gas dealers selling gas at high prices penalized

The Pajhwok Afghan News reports that Ministry of Commerce and Industries has banned a gas company and sealed 10 gas

Afghanistan will be removed from banking gray list in a month

Da Afghanistan Bank (DAB), Afghanistan’s national bank, has announced that Afghanistan will be taken off the gray list of the

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*