Taliban plans to turn former foreign bases into special economic zones

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The Taliban administration will transfer forward with plans to show former foreign military bases into particular financial zones for companies, the performing deputy prime minister for financial affairs stated in a press release on Sunday.

The performing commerce minister had informed Reuters in December that his ministry was engaged on the plan for former American bases and would submit it to each the financial committee led by acting Deputy Prime Minister Mullah Abdul Ghani Baradar and to the cupboard for approval.

“Following an intensive dialogue, it was determined that the Ministry of Trade and Commerce ought to progressively take management of the remaining navy bases of the international forces with the intention of changing them into particular financial zones,” Mullah Baradar stated within the assertion.

He added a pilot plan would start to transform bases within the capital Kabul and in northern Balkh province.

Afghanistan’s economy has struggled and help companies are warning of a extreme humanitarian crisis because the Taliban took over in 2021 as international troops withdrew after 20 years of battle.

The takeover sparked a lower in improvement funding, the freezing of foreign-held central financial institution belongings and sanctions enforced on the banking sector.

The Taliban administration’s choice to bar most female NGO workers from work final 12 months prompted many help companies to partially droop operations whereas hundreds of thousands stay depending on humanitarian help.

The Taliban have stated they’re targeted on boosting financial self-sufficiency by commerce and funding. Some international traders have expressed considerations over a sequence assaults, together with at a lodge widespread with Chinese language businessmen, claimed by Islamic State.

Nonetheless, the World Financial institution has additionally famous that exports rose and the Taliban administration managed to maintain revenues largely regular in 2022.

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