April 13, 2024 02:21 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Amid unemployment, inflation issues, PM Modi's leadership likely to help his third consecutive term at govt: Survey | AAP to support INDIA bloc 'unconditionally' in UP for Lok Sabha election | Amid threats from Iran, Israel launches massive strike on Gaza | Centre advises citizens to avoid travel to Iran, Israel | Jammu and Kashmir assembly polls soon, statehood to be restored: PM Modi in Udhampur
Afghanistan: 50 pct factories have stopped functioning as market drops Afghanistan Factory
WIKIMEDIA COMMONS

Afghanistan: 50 pct factories have stopped functioning as market drops

India Blooms News Service | @indiablooms | 14 Jan 2022, 09:19 am

Kabul: Afghanistan's  Chamber of Industry and Mines as said nearly  50 percent of factories have halted operations due to banking problems and the lack of raw materials as well as the drop in market demand.

“Due to less demands in markets, banking problems, and electricity problems, 40-50 percent of activities have been stopped,” Mohammad Karim Azimi, an official at the Chamber of Industry and Mines, tld Tolo News.

Some owners of the factory have also raised their concerns over the lack of electricity to run their operations.

Khalid Mohammd Tajik is the owner of a factory that has recently stopped its activity.

“Due to the recent changes in the country, there is a problem with the raw material and also the lack of good markets. We do construction work, but construction has stopped now,” he was quoted as saying by the news portal.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.