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Inter-ministerial committee formed to streamline investment process
An inter-ministerial committee has been established to provide facilities to domestic and foreign investors.
This committee was created based on the decree of the leader of the Islamic Emirate of Afghanistan (IEA) and will operate under the Deputy Prime Minister for Economic Affairs.
In a newsletter on Saturday the Deputy Prime Minister for Economic Affairs, stated that the purpose of establishing this committee is to create transparency and speed in the investment process and effective coordination between investors and the relevant ministries.
The first meeting of this committee was held on Saturday. Various representatives of the department related to trade and investment issues attended the meeting.
“This committee operates under the umbrella of the Economic Vice-Chancellor, and its purpose is to create transparency and speed in the investment process and effective coordination between investors and relevant ministries during the stages of domestic and foreign investment projects under the direction of the unit,” said Zabehullah Naser, Chairman of the Technical Committee of the Economic Commission, who also leads the Inter-Ministerial Investment Committee.
The Ministry of Economy says that the establishment of this inter-ministerial committee will create transparency, speed up the investment process and boost effective coordination between investors and ministries.
“Our country has many advantages for foreign and domestic investment. The creation of an inter-ministerial investment committee for the purpose of facilitating the necessary facilities, during the stages of investment plans under the focus of the unit, creating transparency and speed in the investment process, effective coordination between investors and ministries has been established,” said Abdulrahman Habib, the spokesman for the Ministry of Economy.
Economic experts consider the establishment of this committee as a positive step for the growth of trade and investment and emphasize that if this committee can act with more authority, it will be effective in attracting investors.
“As much as the government can make investment easier, it can create more incentives for investment, and once the paperwork and waste of time can be avoided, more investment can be made in the country, and if this committee acts with much authority, it will undoubtedly benefit investment,” said Abdul Nasir Rashtiya, an economic expert.
After regaining power over Afghanistan, the Islamic Emirate has focused on growing Afghanistan’s economy because, according to experts, economic independence also guarantees political independence.
The Japanese Embassy in Afghanistan announced Thursday it will provide emergency relief to flood-hit people in northern Afghanistan.
According to a statement issued by the embassy, relief will be provided through the Japan International Cooperation Agency (JICA) in cooperation with the International Federation of Red Cross and Red Crescent Societies (IFRC) and Afghan Red Crescent Society (ARCS).
This relief includes tents, blankets and other essential items.
According to the statement, “Japan has decided to provide emergency assistance to Afghanistan to support people affected by the flood. We will always stand by the people of Afghanistan.”
The UN Office for the Coordination of Humanitarian Affairs (OCHA) has meanwhile reported that 8,975 homes were destroyed or damaged by floods in Baghlan, Badakhshan, and Takhar provinces following heavy rains.
Russia also pledged help if needed, while the Organization of Islamic Cooperation (OIC) appealed to Islamic countries and aid organizations to step in to help the flood victims.
Russia’s special envoy for Afghanistan Zamir Kabulov held talks with India’s external affairs minister JP Singh to discuss the situation in the country.
Kabulov met with Singh during a visit to India.
In a post on X, India’s external affairs ministry spokesperson Randhir Jaiswal said: “India and Russia held bilateral consultations on Afghanistan today in New Delhi.
“Amb. Zamir Kabulov, Special Presidential Envoy for Afghanistan, and JP Singh, Joint Secretary (PAI) discussed the current situation in Afghanistan and emphasized on the need to provide development assistance for the welfare of the Afghan people,” he said.
An official at the Russian embassy said Kabulov held talks with Singh under the framework of India-Russia foreign ministerial consultations on Afghanistan.
New Delhi has been pitching for providing unimpeded humanitarian aid to Afghanistan to address the humanitarian crisis in the country.
In June 2022, India re-established its diplomatic presence in Kabul by deploying a technical team in its embassy in the Afghan capital.
The Islamic Emirate says that due to the diplomatic efforts of the IEA, a good spirit of cooperation has been formed in the region towards Afghanistan, and the countries have understood that stable security and stability in Afghanistan is in the interest of all countries.
Zhao Xing, the Chinese Ambassador to Kabul, has invited political deputy prime minister Mawlavi Abdul Kabir to participate in the upcoming Trans-Himalayan Forum meeting.
The Chinese envoy said at a meeting Wednesday with Kabir that Beijing supports the Islamic Emirate in terms of attending international meetings, especially UN Security Council meetings.
Zhao also said China was committed to cooperating with the Islamic Emirate.
Kabir in turn expressed his gratitude for China’s support and cooperation across numerous sectors and said that as a responsible government, the Islamic Emirate is bound by commitments made and tries to play an active role in regional issues and the stability and development of the region.
Kabir also acknowledged China’s support of the Islamic Emirate and said Beijing’s cooperation can bring about positive changes and economic growth in the country.
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