A support fund for the private sector was officially launched on Thursday in the presence of Mullah Abdul Ghani Baradar, the Deputy Prime Minister for Economic Affairs of the Islamic Emirate of Afghanistan, Nooruddin Azizi, acting Minister of Commerce in Industry, officials of various ministries and members of the private sector.The private sector support fund has been established to achieve sustainable economic growth and development, reduce unemployment, create new job opportunities, trade balance, reduce obstacles and threats to private sector activities, and provide facilities in the trade and transit process.Also, having a reliable financial source for implementing projects and programs related to the private sector, financing programs related to the National Ports Committee, building the required facilities in ports and crossings, creating laboratories and purchasing equipment for testing the quality of imported and exported goods, are among the main aims of this initiative.Baradar said at the event that with this system, the level of unemployment will decrease and work opportunities will be provided for citizens.He asked members of the private sector to speed up their &activities and perform them with better quality&.Azizi in turn said: &The projects that are prioritized through the leadership committee of the fund and in consultation with the private sector will surely increase trade, reduce prices for consumers, and accelerate imports and exports.He said the Ministry of Commerce and Industry is committed to providing grounds for the development of the private sector.The private sector support fund is meanwhile made up of leaders and technical committees.The members of these committees consist of representatives of the Deputy Prime Minister for Economic Affairs, General Directorate of Affairs, Ministries of Commerce and Industry, Finance, Agriculture, Irrigation and Livestock, Economy, Energy and Water, Telecommunications and Information Technology, Mines and Petroleum, and sectorial chambers.The main duties of the committee are leading, approving or rejecting proposed projects, determining the contribution amount for the fund, prioritizing the projects, monitoring the activities of the technical committee, monitoring the implementation of the projects, and submitting a report on the expenses of the projects to the highest authority.This fund is financed through the help, assistance and donations of people and organizations at a national and international level and a small amount on taxes on imported and exported goods will go towards the fund.The post New support fund officially launched for private sector first appeared on Ariana News.