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Fire gutted a shop and warehouse in Kabul market

in Afghan Business

Fire gutted a shop and warehouse in Kabul market

fireA fire blaze reportedly caused by an electric short circuit broke out in a market in Kabul city in Qawa-e-Markaz at around 9:00pm.

According to reports, the blaze inflicted 14mn AFN in losses on the owner.

The owner, Abdul Wahid, urged the government and other relevant departments to support him after he lost all his commodities that he had purchased on loaned money.

He alleged firefighters arrived too late were not able to control the flames immediately.

 Meanwhile, Col. Mohammad Kazim, Kabul fire bridge department chief, rejected the allegation and said his staff arrived at the scene soon.

Following several fire incidents that inflicted millions of dollars of losses in various provinces, the Council of Ministers settled on making fire insurance coverage compulsory on all companies and businesses.

Currently, there are more than 400 manufacturing plants operating in Afghanistan. More than four of them were gutted by fire last year.

Fire insurance has been made mandatory on all local and foreign companies and businesses. However, a limited number of companies have bought insurance to cover their businesses against fire and other perils.

Lack of insurance culture among the public has been a major factor hindering insurance growth.

Tags assigned to this article:
fire in kabul marketKabul fireKabul markets

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