Inter-Ministerial Committee Established to Streamline Investment Processes

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Sat, Sep 16 2023 5:50 PM
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In accordance with a special decree issued by Amir-ul-Momineen Sheikh-ul-Hadith Mawlawi Hibatullah Akhundzada, an inter-ministerial committee has been established under the purview of the Office of the Deputy Prime Minister for Economic Affairs. The primary objective of this committee is to facilitate and streamline processes for both domestic and foreign investors. This development comes as a result of the implementation of His Excellency's Decree, and the direction of the Deputy Prime Minister for Economic Affairs, in alignment with this year’s 2nd Resolution of the Economic Commission. The inaugural meeting of the inter-ministerial committee for investment facilitation took place on Saturday, the 16th of September. During this meeting, Maulvi Abdullah Azzam, Special Secretary of the Office of the Deputy Prime Minister for Economic Affairs, underscored Afghanistan's significant strides in the economic arena following the re-establishment of the Islamic Emirate. He expressed satisfaction with the positive outcomes achieved thus far. Mr. Azzam emphasized the abundant investment opportunities available in Afghanistan and affirmed that this committee's primary role will be to eliminate bureaucratic hurdles within Emirate institutions, providing essential support and a conducive environment for both local and foreign investors. Subsequently, Maulvi Zabehullah Naser, Chairman of the Technical Committee of the Economic Commission, who also leads the Inter-Ministerial Investment Committee, elucidated the committee's mandate. He outlined its core missions as focusing on refining investment procedures and policies, expediting and enhancing transparency in the investment processes, and fostering effective coordination between investors and relevant ministries. Concluding the meeting, it was decided that all relevant ministries would submit their written recommendations for enhancing the committee's operations to the committee's secretariat within three days. Consequently, they will consolidate these inputs to formulate a unified and comprehensive procedure for approval by the Economic Commission.

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