Efforts underway to set up joint-stock company in Afghanistan: Ministry

The Ministry of Industry and Commerce (MoIC) says efforts have begun to establish a joint-stock company in the country.

The ministry officials said that those who have less money can become partners in this company, and after its creation, profits will be given according to the investors’ share.

“Our goal of establishing a joint-stock company is that some of our businessmen who return and come back to the country can work together with other companies that have a large activity so that their business grows,” said Abdul Salam Jawad Akhundzadah, spokesperson of MoIC.

Meanwhile, the Chamber of Commerce and Investment (ACCI) welcomes the establishment of a joint stock company, saying that with the creation of this company, investment in large and small projects will be provided.

ACCI officials added that the leadership of this joint stock company should be given to the Central Bank so that the shareholders can be sure that their funds will not be wasted.

“It is good that a bank should guarantee this company,” said Khanjan Alokozai, a member of ACCI.

Economic experts also stated that the more large companies are created, the more they can play a bigger role in the country’s economic growth. According to them, however, big companies need better management.