The Ministry of Industry and Commerce announced the establishment of a fund to support the country's private sector.

Nooruddin Azizi, the acting minister for the Ministry of Industry and Commerce, said that this fund has been approved by the leader of the Islamic Emirate after it was proposed and reviewed by the Economic Commission of the Prime Minister's Office.

Mullah Abdul Ghani Baradar, deputy prime minister for economic affairs, also mentioned during the opening ceremony of the fund that with its activation, trade, transit, and industry in the country will develop, creating job opportunities for many.

The Deputy Prime Minister for Economic Affairs and the acting Minister of Industry and Commerce described the establishment of this fund as impactful for achieving self-sufficiency and advancing trade and transit.

Regarding this fund, Mullah Abdul Ghani Baradar said: "With the creation of this fund, in addition to supporting the private sector, the progress of trade, transit, industry, and domestic production will accelerate. Alongside this, job opportunities for citizens will be provided."

Nooruddin Azizi, the acting Minister of Industry and Commerce, said: "The Private Sector Support Fund has been established to achieve sustainable economic growth and development, reduce unemployment, balance trade, reduce obstacles and threats to private sector activities, and facilitate trade and transit processes."

Meanwhile, officials from the Chamber of Commerce and Investment, while expressing their support for the establishment of the Private Sector Support Fund, called on the Islamic Emirate authorities to seriously consider reducing taxes on the country's merchants.

"The Private Sector Support Fund by the private sector will undoubtedly lead to economic growth," said Mohammad Younis Momand, first deputy of the Chamber of Commerce and Investment.

Officials from the Chamber of Industries and Mines, the Chamber of Agriculture and Livestock, and the Chamber of Crafts also said the establishment of the Private Sector Support Fund by the Ministry of Industry and Commerce was a significant step.

"Financial support for national and effective programs of the private sector, sectoral chambers, and other matters proposed by the leadership committee should be supported," said Khan Mohammad Frotan, the head of the Chamber of Agriculture and Livestock.

A week ago, the Ministry of Finance also announced the implementation of the leader of the Islamic Emirate's decree on tax exemption and reduction for 206 types of small businesses, including craftsmen and shopkeepers. According to this decree, no tax will be taken from those classes that have annual sales of up to two million afghani.