ACCI Business Tendency Survey reveals that the business condition has extremely deteriorated during last three months & the comparison of the last three surveys shows that the enthusiasm created after the establishment of the National Unity Government is fading.
Balkh and Nangarhar enjoys comparatively better business condition compared to Herat, Kabul and Kandahar.
Manufacturing remains confident while construction, trade and services have extremely suffered during last three months.
The survey shows that Majority of the surveyed companies say that they hire fewer people than three months ago & Security condition has deteriorated across the regions.
The call for administrative reforms has gradually increased in last four surveys and for the first time it is ranked more urgent than infrastructural developments.
This survey covers sample sizes from trade, manufacturing, construction and service sectors in Kabul, Balkh, Kandahar, Nangarhar and Herat regions.
ACCI released the 7th Business Tendency Survey on 4 August 2015 with presentation of Mr. Humayoon Rasaw, Minister of Commerce and Industries, Mr. Abdul Sattar Murad, Minister of Economy, Mr. Khalil Sediq, Governor of the Central Bank and Mr. Gul Maqsood Sabet, Deputy Minister of Finance and 150 representatives of private sector from different sectors specially who have taken part in the survey.
Representatives of private sector had opportunity to openly dialogue and to share out the challenges facing their businesses over the past ten months. In sector-wise, each after another spoke about access to land, access to finance, high price of power, swayed power in industrial parks, Pakistan has already increased custom tariff on Afghan fresh fruits, extortion by local powers in high ways, transport obstacles in Pakistan, non-transparent taxation system, banking bureaucratic system and lack of control on imported medicines.
And then, the government officials responded the questions and complains. They pledged to try their best to overcome the challenges and move forward to real economy in the country in partnership with private sector.
The Business Climate is an indicator for GDP growth tendencies. Usually this indicator is leading; it indicates GDP changes in advance (on average a few months if no unexpected change in frame conditions occurs).
Since 2012, the ACCI Business Monitor Project has recived technical assistance from Afghan-German Cooperation.
For more information please read the full report on ACCI website:http://acci.org.af/surveys-and-studies.html
To view the event photos click here.