Business
ACCI Blasts Government over Growing Unemployment
An official in the Afghanistan Chamber of Commerce and Industries (ACCI) on Tuesday claimed that unemployment crisis will continue in Afghanistan unless the government has not provided the investment opportunities for the private sector.
“The unemployment problem increases in the country day by day and we urge the government to pay serious attention to this issue,” ACCI Deputy Chief Khan Jan Alokozay said.
According to Mr. Alokozay, if government pave the way for the private sector, Afghan businessmen can solve this issue.
“We have capital in Afghanistan. Our capital is in Dubai and other foreign countries. If there is an opportunity inside the country, we can invest in Afghanistan and eradicate unemployment ,” he added.
Meanwhile, the Ministry of Labor and Social Affairs (MoLSA) says that the unemployment rate has peaked to 22.4 percent in Afghanistan, adding that the number is rapidly growing as more youths are graduating from educational institutions.
“If the development budget is spend completely and effectively, we can create about 300-400 thousand jobs annually,” MoLSA Minister Faizullah Zaki said.
Mr. Zaki emphasized that he is committed to work in coordination with the private sector in order to eliminate the unemployment issue.
As insecurity, lack of jobs in government and the private sector organizations increase, thousands of Afghans are fleeing the country to find a job and a peaceful life abroad.
The Ministry of Commerce and Industry said Thursday it has signed cooperation agreements with ten institutions to support the development of small and medium-sized enterprises.
Nooruddin Azizi, Acting Minister of Commerce and Industry, said: “In the implementation of projects, we must pay special attention to our activities and actions and try to make useful use of the projects according to the requirements and benefit the beneficiaries.”
These ten institutions are to present their projects, the total value of which is around over $1.1 million. The projects will be carried out in Kabul, Baghlan, Ghor, Herat, Logar, Nangarhar, Balkh, Badakhshan and Jawzjan provinces and provide direct jobs for about 1,000.
To date, the ministry has signed MoUs for 72 projects in total, collectively valued at about $53.6 million.
These agreements have been signed with domestic and foreign companies for the establishment of small and medium-sized businesses.
In accordance with the principles and laws of the Islamic Emirate and prioritizing the implementation of projects for immigrants and returnees and internally displaced people, the ministry said 635,865 people will benefit through jobs directly and over 4.3 million will benefit indirectly in 25 provinces once these projects are implemented.
The National Statistics and Information Authority (NSIA) confirmed Tuesday that in the last month of solar year 1402, (March 2024) Afghanistan’s exports totaled $141.1 million and imports totaled $789.6 million.
This was down from $174 million for exports in the same period in 1401. However, imports increased by $99.2 million in 1402, up from $690.4 million.
Most exports in the last month of 1402 went to Pakistan, India and the United Arab Emirates, while in the last month of 1401 exports went to Pakistan, India and China.
The Ministry of Interior said the governor of Herat province Islam Jar met with Alim Khan Yasin Gildaye, Ambassador of Kazakhstan to Afghanistan, to discuss various issues around trade.
According to the ministry, the two sides discussed the expansion of trade facilities, increasing the volume of trade exchanges between traders of the two countries, reducing customs tariffs, solving the challenges of traders and issuing visas to them.
The Afghanistan-Kazakhstan Chamber of Commerce has been opened in Herat in order to facilitate and increase trade between the two countries.
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