Thursday, June 20, 2024

Frozen assets will lead to unemployment of 1.5 million Afghans: Afghan industrialists

Immigration News

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

Head of the Chamber of Mines and Industries of Afghanistan Sherbaz Kaminzada said that factories in the country which are on the brink of collapse will completely close if the assets of Afghanistan do not get unfrozen.

He warned that lack of cash and the restrictions on the banking system that has made difficult procurement of raw material will leave 1.5 million people out of jobs, over 500,000 of them women.

Sherbaz Kaminzada expressed the remarks in his meeting with the UN Secretary-General’s special representative to Afghanistan Deborah Lyons on the sideline of the Economic Conference in Kabul on Wednesday, January 19, 2022.

Kaminzada said that Afghanistan had an unreal and fragile economy during the past twenty years and asked the Islamic Emirate of Afghanistan and the International Community to cooperate with Afghan industrialists for the growth of the economy.

“Hundreds of factories in Afghanistan do not have raw material that has directly affected the workers, investors, and common people.” Said Kaminzada.

The special representative assured Afghan industrialists of raising their voice and will return from the UN headquarter with positive outcomes.

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