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Investment committee approves 48 projects worth 35b afs

KABUL (Pajhwok): The Inter-ministerial Investment Committee has so far reviewed and approved 48 domestic and foreign investment projects worth 35 billion afghanis across various economic sectors, the Office of the Deputy Prime Minister for Economic Affairs said on Tuesday.

In a post on X, the office said the committee assessed 48 investment proposals from local and foreign investors in the electricity, infrastructure, construction, agriculture, transport and information technology sectors.

Following approval by the Economic Commission, the projects were endorsed by the leadership.

It said the projects are currently being implemented in several provinces, with a total investment value of 35 billion afghanis. Their execution has created thousands of direct and indirect jobs and boosted the domestic construction materials market.

The committee includes the Ministry of Finance (MoF), Ministry of Commerce and Industry (MoCI), Ministry of Mines and Petroleum (MoMP), Ministry of Energy and Water (MoEW), Ministry of Agriculture, Irrigation and Livestock (MoAIL), and the investment support authority.

Established in 2022 under the Deputy Prime Minister for Economic Affairs, it continues its work to facilitate investment approvals, improve inter-ministerial coordination, remove bureaucratic hurdles, attract and support investment and enhance the business environment and economic growth.

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