December 6, 2021
1 min read

Unemployment surges as construction projects over $5bn on hold

The country is going through economic turmoil after the Taliban took over. With the deteriorating economy, many development, welfare and construction projects have been put to a halt….reports Asian Lite News

Construction projects in Afghanistan over USD 5 billion are on hold, stated the union of private constructions companies in the country.

The Union is urging the Taliban government to appoint a minister of urban development and housing, to address the uncertainty of construction projects in Afghanistan, reported TOLOnews.

The country is going through economic turmoil after the Taliban took over. With the deteriorating economy, many development, welfare and construction projects have been put to a halt.

The members of the union of private constructions companies on Sunday showed frustration and revealed that construction companies have not been paid despite investments on the projects, reported TOLOnews.

TOLOnews quoted Farid Tatar Head of the union as saying, “Projects that are worth approximately five billion dollars remain unfished. Every day we appeal to the prime minister and deputy ministers. Despite making pledges, they have not found a solution for our problems.”

The majority of the people working for construction companies are unemployed now. There are nearly 2500 active construction companies in Afghanistan, who are facing the brunt of the prevailing halt and uncertainty in the industry after the Taliban swept into Afghanistan.

A member of the union said, “Today everything has stopped. The winter approaches and the projects face collapse but no one cares about the projects.”

Adding to the list of surging unfulfilled commitments and pledges, the Islamic Emirate again pledged that it would soon introduce the minister of urban development and housing.

“The selection of the cabinet is still on track. The authorities are attempting to select professional figures who have the capacity and good quality. We expect the appointment of the (minister) soon,” TOLOnews quoted Bilal Karimi deputy spokesman for the Islamic Emirate as saying. (ANI)

ALSO READ: Pakistan struggles to pay Chinese debts

Previous Story

Cambodia removes ban from 10 African countries

Next Story

Global Covid caseload tops 265.8 mn

Latest from -Top News

Sundar Pichai Sees AI Boom for India

Alphabet CEO noted Google’s potential to closely collaborate with India on digital transformation….reports Asian Lite News Following his meeting with Prime Minister Narendra Modi on the sidelines of the AI Action Summit

India Highlights Social Priorities in NY

India highlighted its efforts in fostering social cohesion through inclusive policies, gender equality, and social protection programmes…reports Asian Lite News India actively participated in the 63rd session of the Commission for Social

‘Right Time to Invest in India,’ Says Modi

Addressing the 14th India-France CEO Forum here, PM Modi said this meeting is a confluence of the best business minds from India and France….reports Asian Lite News Prime Minister Narendra Modi on

Modi, Vance Meet in Paris Ahead of US Trip

The meeting took place on the sidelines of an AI summit in Paris..reports Asian Lite News The United States announced on Tuesday that Vice President J.D. Vance and Prime Minister Narendra Modi

Bangladesh Hopes for Yunus-Modi Meet

This gives hope for the first-ever in-person meeting between Yunus and Prime Minister Narendra Modi on the sidelines of the summit…reports Asian Lite News Bangladesh interim government led by Muhammad Yunus is
Go toTop

Don't Miss

UN in talks with India for food supplies to Afghanistan

Last year, India had agreed to send 50,000 tonnes of

Why is TTP giving Islamabad a big headache?

The Tehrik-e-Taliban Pakistan, a dangerous terror group is committed to