Investment in Paktia at risk due to insecurity

in Afghan Business

Investment in Paktia at risk due to insecurity

GardezzzBusinessmen in Paktia have expressed concerns over the deteriorating security situation in Paktia and have warned of withdrawing capital and investment if the government failed to address the issue.

Provincial head for the Afghanistan Chamber of Commerce and Industries (ACCI) told Pajhwok Afghan News (PAN) that traders had been robbed of over 100 million AFN in different parts of the province.

If the situation persisted, businessmen would shift their investment to other countries.

Acknowledging traders’ concern, provincial police chief Col. Zalmai Oryakhel said measures were being taken to award weapons’ licenses to businessmen for their protection.

Eng. Nazir Ahmad, an economist, said investment in industrial parks and power sector has not taken place due to lack of security.

Meanwhile, Deputy Governor Abdul Wali Sahi told PAN that meetings had been held with businessmen and a piece of land had been allocated for an industrial park in Gardez, capital of Paktia province, that would be handed over to traders soon.

Paktia is among the restive provinces in eastern Afghanistan that border Pakistan and have endured some of the highest levels of fighting during the US-led 12-year war in Afghanistan.



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