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04-01-2022
Bureau Report
KABUL/ ISLAMABAD/ TEHRAN: Factory owners are seeking to move their business operations to Iran or Pakistan, Kandahar’s Chamber of Commerce and Industry said on Monday.
“Some have the intention to go to the neighboring countries. In addition to electricity, there are other problems that are affecting the private sector,” said Niamatullah Niamat, deputy of the Kandahar chamber.
The joint Afghanistan-Pakistan Chamber of Commerce said that Islamabad is considering issuing a five-year visa for Afghan businesspeople.
“There is a five-year visa for investors who want to invest in Pakistan,” said Naqibullah Sapai, head of the joint chamber.
Economists warned that the transfer of Afghan business investment to foreign countries is not in the interest of Afghanistan.
“In fact, Pakistan wants to extend its control and take control of Afghan trade and markets and open a way to Central Asia,” said Sayed Masoud, an economist.
A factory owner who invested $3.5 million was forced to halt his business operations due to a lack of electricity.
“We are lost about what to do and which direction to follow. Nothing happened during the past 20 years,” said Mohammad Naeem, owner of the factory.
To prevent the tranfer of investment from Afghanistan to neighboring countries, the Chamber of Commerce and Industry said the Islamic Emirate must provide essential facilities for the businesspeople.
“We don’t want other countries to give licenses to our merchants. We want our businesspeople to remain in the country, but the Islamic Emirate should provide essential facilities,’ said Mohammad Younus, head of the chamber.
Younus said that many Afghan investors moved their businesses abroad mainly to Turkey and the UAE.
