Thursday, June 13, 2024
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Afghan factories to go bankrupt duet to frozen assets: industrialists

Immigration News

Najibullah Lalzoy
Najibullah Lalzoy
Najibullah Lalzoy is a journalist and editor at Khaama Press. He has a BA degree in journalism.

Officials of Afghanistan’s Chamber of Industry and Mines in a press conference in Kabul said that the lack of cash and freezing assets by the US have put their factories on the verge of bankruptcy.

The officials said that the US has frozen nearly ten billion dollars of Afghanistan’s funds that also including $2.5 billion of Afghan investors and industrialists.

Deputy of the Chamber Sherbaz Kaminzada said that over 5,000 factories are now facing a dearth of raw material that will lead to the closure of these factories if not addressed the problems.

Kaminzada said that thousands of workers have been trained and are now busy working at the factories who will also be in danger of losing their jobs.

“We have trained thousands of workers and have invested in Afghanistan for tens of years. Why should my factories go bankrupt? We will go to UN and will also file complain in the international court.” Said Kaminzada.

The officials called on the US and the International Community to release the assets of Afghanistan to prevent a humanitarian disaster in the country as the move only impacts the common people.

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