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Small, medium investments can overcome unemployment

Small, medium investments can overcome unemployment

Sep 16, 2015 - 19:13

KABULinfo-icon (Pajhwok): Participants of a day-long conference in Kabul on Wednesday insisted on encouraging small and medium businesses in the country to create more job opportunities for the youth and newly-graduated students.

The gathering “Academic Conference on Development of Small and Medium Investments” was held at Karwan University with government officials and economic experts in attendance.

Masoud Turshtwal, the academic chairperson of the conference, said more than 400,000 youth were studying in higher educational institutes, but had less hope for employment.

According to the Labour and Social Affairs Ministry currently more than four million Afghans are on jobs and 400,000 more join them annually.

Turshtwal said in order to reduce unemployment in the country, it was necessary to encourage small and medium businesses. “If the small and medium investments are not encouraged and no specific programmes undertaken to creat jobs then over the next four years we should await a big crisis.”

He said currently there was a huge gap between investors, traders and government. “Unfortunately now the government views private investors as rivals.”

He added in today’s conference status, challenges and opportunities for small and medium enterprises in Afghanistaninfo-icon and creation of job opportunities would be discussed and a set of constructive suggestions would be submitted to the government.

Hamidullah Faroqi, an economics professor, insisted the government should support these investments and should have practical programmes in hand.

Mohammad Qurban Haqjo, Afghanistan Investment Support Agency (AISA) head, said the lack of a proper strategy, bureaucracy and administrative graft were reasons that did not allow small and medium investments to flourish during the past 14 years.



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