The Afghan Business Council in the United Arab Emirates (UAE) said that on the second day of their meeting, discussions were held regarding the economy and how to create job opportunities for the country’s citizens.
Haji Obaidullah Sader Khail, head of the Afghan business council in the UAE, highlighted that holding such meetings is crucial for solving the country’s economic challenges.
Haji Obaidullah Sader Khail said: “At this conference, the focus was on how to create job opportunities for the Afghan people. Everyone agreed that instead of aid, projects should be established to provide jobs for the people.”
Discussions during the two-day meeting of the Afghan Business Council revolved around topics such as the banking and financial sector, foreign direct investment in the mining, production, and industrial sectors, how the international community can address Afghanistan’s current challenges, the country’s assets, and how to make use of their profits.
“The conference discussed Afghanistan’s banking and financial sector, as well as foreign direct investment in the mining, production, and industrial sectors, and the economic challenges that exist, along with how the international community can address Afghanistan’s current challenges,” Sayed Quraishi, an economic analyst told TOLOnews.
Meanwhile, the Chamber of Commerce and Investment said that such meetings should persuade global organizations to resume their activities in Afghanistan.
Khan Jan Alokozay, a member of the ACCI’s board of directors, said: “International institutions, including the World Bank and the Asian Development Bank, have many unfinished projects in Afghanistan, with some reaching up to 90% completion. These projects need to be completed, but they are deteriorating day by day due to a lack of funding. It is a serious need for these organizations to return and restart charity projects, construction projects, and development projects.”
Since the Islamic Emirate took power in the country, the freezing of Afghanistan’s assets, economic and banking restrictions, and the suspension of development aid have led to an increase in poverty in the country.