Private Sector Support Fund Launched

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Thu, Jun 06 2024 3:57 PM
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On June 6, 2024 - Deputy Prime Minister for Economic Affairs, Mullah Abdul Ghani Baradar Akhund, inaugurated a fund established to support the private sector. The ceremony was attended by the Minister of Industry and Commerce Nooruddin Azizi, industrialists, businessmen, and several government officials.

In his speech, Deputy PM Mullah Baradar Akhund emphasized the significance of the fund in bolstering the private sector and providing necessary facilities. He stated that the fund aims to enhance trade, transit, industry, and domestic production, thereby accelerating growth and development. This initiative is also expected to create job opportunities for citizens.

Mullah Baradar Akhund reiterated the Islamic Emirate's commitment to supporting the private sector, facilitating investment opportunities for domestic and foreign investors, and advancing the development of local industries. He highlighted that, as part of this commitment, His Excellency the Amir Ul Mo’mineen Sheikh Hibatullah Akhundzadah has waived taxes for small businesses and initiated the payment of guarantees to companies.

Furthermore, the Deputy PM noted that to support domestic production, the Islamic Emirate has increased customs tariffs on imported goods that are produced locally and can meet the needs of the population.

In conclusion, he urged representatives of the private sector to expedite their activities and enhance their quality, adhering to accepted standards.

The Private Sector Support Fund has been designed to secure reliable financial resources for project implementation, provide financial backing for programs related to the standardization of domestic products, support the organization of national and international exhibitions, establish specialized export centers, and finance various effective private sector initiatives. The initiative has been warmly welcomed by the private sector.

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