English | دری

Afghan national income reduced by 20% due to elections

in Afghan Business

Afghan national income reduced by 20% due to elections

afghan economyAfghan Finance Ministry official announced Saturday that the national income was reduced by 20% due to the prolonged election process.

The Ministry’s spokesperson Abdul Qader Jailani said economic activities have been declining since the beginning of elections with imports reduced by 8%.

The prolongation of the election process has caused businesses to refrain from investing in the country.

Consumers are suffering from high commodity prices, which began to escalate ever since elections kicked off.

Meanwhile, the Afghanistan Chamber of Commerce and Industries (ACCI) expressed concerns about the dull economic activities and said the election process has had a negative impact on the nation’s economy.

The final results of the presidential run-off elections are expected to be announced on July 22nd by the Independent Election Commission (IEC).

 President Hamid Karzai has said the transfer of power to next elected president of the country will take place on 5th day of Eid.



Related Articles

Districts of Herat receive development projects

Various development projects have been completed in Adraskan, Shindand, Enjil, Ghorian and Gulran districts of Herat province. Costing 62,198,170 AFN,

AFGHANISTAN MOVES TO SALVAGE ANCIENT BUDDHIST CITY MES AYNAK — AND ITS ECONOMY

MES AYNAK, Afghanistan — It had the potential to be another Afghanistan Buddha disaster, recalling the Taliban’s destruction of two

Pakistani Bank interested in buying New Kabul Bank

A delegation from the Muslim Commercial Bank of Pakistan is visiting Kabul to explore the option of buying the New

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.