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

A connecting road to be constructed in Panjshir province

Afghan Public Works Ministry reported that a connecting road would be constructed in Panjshir province, connecting several villages to the

Japan contributes $12mn to Afghanistan for irrigation, fiscal support

The Japanese government has pledged over USD 12mn to the Afghan government for the improvement of irrigation systems and to

Afghanistan acts to curb flight of capital

Afghanistan has taken new steps to combat rampant capital flight after the central bank found that the amount of dollars

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Your e-mail address will not be published.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*