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New bill designed to encourage investment in Afghanistan

in Afghan Business

New bill designed to encourage investment in Afghanistan

finance ministryAfghan Ministry of Finance has drafted a bill incorporating financial incentives aimed at increasing investment in Afghanistan in the next two years.

Investors are concerned about the security situation and the country’s future post 2014.

Experts believe that concerns over the aftermath of the foreign troops’ withdrawal can discourage investors to invest in Afghanistan.

The Afghan government is striving to win the investors’ confidence and to ensure them that there will be investment opportunities for them post 2014.

As part of their efforts, the government has listed financial incentives for encouraging investment in a form of bill. The bill will be presented to the parliament for approval.

On the basis of the bill, investors who are investing in Afghanistan for the next two years will be exempted of certain taxes and may even be able to purchase lands at lower prices.

Najibullah Manalai, communications advisor at the Ministry of Finance, believes that the bill would be impactful after the parliament’s approval.

He further added that the exit of foreign troops may not have drastic effects on the economy of Afghanistan.

Meanwhile, Head of the Afghanistan Chamber of Commerce and Industries Azrakhsh Hafizi cited two major obstacles to investment in Afghanistan: insecurity and endemic corruption.

Afghanistan is endowed with priceless natural resources that are believed to turn around the country’s economy. Insecurity and graft, however, remain to be the major challenges impeding the extraction of these resources.



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