English | دری

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.



Related Articles

Afghanistan and India to sign coal exploration pact

According to Indian government officials, a high level Indian delegation is due to visit Kabul to ink a pact with

India funds 5 new projects under Small Development Program

Afghan Ministry of Economy, Ministry of Energy and Water and Ministry of Rural Rehabilitation and Development of Government of Islamic

Herat Airport launches its first international flight

Herat International Airport witnessed its first international flight from Kabul to New Delhi, India on 16 November 2013. “We launched

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Your e-mail address will not be published.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*

Time limit is exhausted. Please reload the CAPTCHA.