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Apart from insecurity and increase in crime incidents, Kabul residents are left in shock as food and fuel prices have soared unprecedently over the last few days following the massive fire
Insecurity Remains ‘Major Challenge’ for Investors
A sharp increase in insecurity in Kabul, especially IED explosions and other security incidents, has turned into a major challenge for the business community and has pushed some of them to leave the country.
Amir Mohammad Akbari, the owner of a factory in Kabul where dozens are working, said there will be no option for him but to take his investment out of the country if the situation prevails.
“It will be difficult to continue if the situation does not improve. It will be very difficult to resume business. Those who are here, are about to leave,” he said.
Investors Seek End to Land Problem in Kabul Industrial Park
A group of investors on Friday called on the government to address the land problem in the Pul-e-Charkhi industrial park in Kabul, raising their concerns about the allotment of land to those who are not associated with any business.
Some of the investors said they pay $3,000 per month for property rent at the industrial park.
The investors said less has been done by the government for the business community and factory owners in terms of land allotment over the last two decades.
“At least 60 percent of factory owners run their business on leased land,” said Abdul Jabbar Safi, the head of Industrialists Union.
Afghanistan, Pakistan Eye New Railway Link Project
Nisar Ahmed Faizi Ghoryani, the Afghan Minister for Industry and Commerce, on Wednesday met Pakistan’s Prime Minister Imran Khan in Islamabad and the two discussed issues around bilateral relations including the expansion of a railway line project between the Afghan cities of Mazar-e-Sharif – Kabul and Peshawar, the capital of Pakistan’s Khyber Pakhtunkhwa province.
“The Prime Minister mentioned the Trans-Afghan railway line project, “Mazar-e-Sharif – Kabul – Peshawar,” and highlighted Pakistan’s support to Uzbekistan’s efforts to secure financing for the project. In this regard, he mentioned that he had signed a Joint Appeal Letter addressed to the Heads of various International Financial Institutions (IFIs) by Heads of State/Government of Uzbekistan, Afghanistan and Pakistan,” the office of Pakistan’s Prime Minister said in a statement on Wednesday.