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Insecurity Increases Capital Flight From Country

Growing insecurity, ransom demands and threats to traders and investors in the recent months has tripled security expenses of their businesses, officials of the Industries Association said on Monday.
 
This has led to a number of investors leaving the country due to the lack of safety, the Association added.
 
“Problems have increased recently. Our investors spend lots of money maintaining their security,” said Sakhi Ahmad Paiman, head of industries association.
 
“Our investors cannot expand their investments in such bad conditions. The Government should change the situation,” said Atiqullah Nusrat, deputy head of Afghanistan Chamber of Commerce and Industries.
 
Najibullah, owner of a factory in Pul-e-Charkhi industrial parks, who was kidnapped last year, said although he had increased security measures around his house and factory, he still does not feel safe.
 
“My family is tired of being under constant heavy guard, but I have to intensify my own and my family security’s day by day,” he said.
 
A number of investors said the insecurity in private sector has grown and this caused a number of investors to take their families to the United Arab Emirates or to Turkey.
 
The Ministry of Interior has said it maintains security of investors and their properties.
 
“We ask those investors who have been threatened to share the information with us. We now have the capacity to identify those people who threaten investors,” said Sediq Sediqqi, spokesman of the ministry.
 
The new concerns over security has been raised after the industries association had earlier said investment in production in Afghanistan has decreased by 20% percent this year. That the figure was however rejected by the Ministry of Commerce and Industries.

Insecurity Increases Capital Flight From Country

Traders and investors says that cost of demands for ransom and other threats tripled in recent months

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Growing insecurity, ransom demands and threats to traders and investors in the recent months has tripled security expenses of their businesses, officials of the Industries Association said on Monday.
 
This has led to a number of investors leaving the country due to the lack of safety, the Association added.
 
“Problems have increased recently. Our investors spend lots of money maintaining their security,” said Sakhi Ahmad Paiman, head of industries association.
 
“Our investors cannot expand their investments in such bad conditions. The Government should change the situation,” said Atiqullah Nusrat, deputy head of Afghanistan Chamber of Commerce and Industries.
 
Najibullah, owner of a factory in Pul-e-Charkhi industrial parks, who was kidnapped last year, said although he had increased security measures around his house and factory, he still does not feel safe.
 
“My family is tired of being under constant heavy guard, but I have to intensify my own and my family security’s day by day,” he said.
 
A number of investors said the insecurity in private sector has grown and this caused a number of investors to take their families to the United Arab Emirates or to Turkey.
 
The Ministry of Interior has said it maintains security of investors and their properties.
 
“We ask those investors who have been threatened to share the information with us. We now have the capacity to identify those people who threaten investors,” said Sediq Sediqqi, spokesman of the ministry.
 
The new concerns over security has been raised after the industries association had earlier said investment in production in Afghanistan has decreased by 20% percent this year. That the figure was however rejected by the Ministry of Commerce and Industries.

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