INSUBCONTINENT EXCLUSIVE:
A support fund for the private sector was officially launched on Thursday in the presence of Mullah Abdul Ghani Baradar, the Deputy Prime
Minister for Economic Affairs of the Islamic Emirate of Afghanistan, Nooruddin Azizi, acting Minister of Commerce in Industry, officials of
various ministries and members of the private sector.The private sector support fund has been established to achieve sustainable economic
growth and development, reduce unemployment, create new job opportunities, trade balance, reduce obstacles and threats to private sector
activities, and provide facilities in the trade and transit process.Also, having a reliable financial source for implementing projects and
programs related to the private sector, financing programs related to the National Ports Committee, building the required facilities in
ports and crossings, creating laboratories and purchasing equipment for testing the quality of imported and exported goods, are among the
main aims of this initiative.Baradar said at the event that with this system, the level of unemployment will decrease and work opportunities
will be provided for citizens.He asked members of the private sector to speed up their &activities and perform them with better
quality&.Azizi in turn said: &The projects that are prioritized through the leadership committee of the fund and in consultation with the
private sector will surely increase trade, reduce prices for consumers, and accelerate imports and exports.&He said the Ministry of Commerce
and Industry is committed to providing grounds for the development of the private sector.The private sector support fund is meanwhile made
up of leaders and technical committees.The members of these committees consist of representatives of the Deputy Prime Minister for Economic
Affairs, General Directorate of Affairs, Ministries of Commerce and Industry, Finance, Agriculture, Irrigation and Livestock, Economy,
Energy and Water, Telecommunications and Information Technology, Mines and Petroleum, and sectorial chambers.The main duties of the
committee are leading, approving or rejecting proposed projects, determining the contribution amount for the fund, prioritizing the
projects, monitoring the activities of the technical committee, monitoring the implementation of the projects, and submitting a report on
the expenses of the projects to the highest authority.This fund is financed through the help, assistance and donations of people and
organizations at a national and international level and a small amount on taxes on imported and exported goods will go towards the fund.The
post New support fund officially launched for private sector first appeared on Ariana News.
