English | دری

Afghanistan’s unemployment rate hits 56%

in Afghan Business

Afghanistan’s unemployment rate hits 56%

unemployment in AFGThe National Union of Afghanistan Workers, Employees said about 60% of eligible workers in Afghanistan are suffering from unemployment.

Impasse in signing the Bilateral Security Agreement (BSA) between Washington and Kabul and elections deadlock are cited by the Union as the causes of high unemployment in the country.

Addressing a press conference in Kabul, the Union’s Head Maarof Qaderi expressed optimism that after the end of the elections’ crisis investors would gain back the confidence to invest in the country.

“I am hopeful that both local and foreign investors would get back on track and have the confidence to resume investing in Afghanistan. A high number of our youth are suffering from unemployment. We know of families who cannot afford food for themselves,” said Qaderi.

According to Qaderi, over 30,000 workers were laid off from Bagram Airfield and had now joined the unemployed pool.

He added that employment rate would pick up once the construction and investment sectors revived.

In the meantime, the Afghanistan Chamber of Commerce and Industries (ACCI) have also expressed concerns at the capital flight and said Afghanistan’s trade volume had reduced by 20%.

A number of economic pundits have called on the government to work on strengthening economic infrastructure to tackle the problems of unemployment in the country.

Related Articles

Ministry of Counternarcotics to meet the demands of Maidan Wardak

The Ministry of Counternarcotics has agreed to launch development projects at a cost of USD 2.4mn in central Maidan Wardak.

Colombia's Jose Antonio Ocampo exits World Bank race

Colombia’s Jose Antonio Ocampo has pulled out of the race to be the next president of the World Bank. “It

Afghanistan, India strengthen economic bond through Trade and Investment Show

In an effort to strengthen commercial and economic ties between Afghanistan and India through trade and investment, the Governments of

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Your e-mail address will not be published.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.