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Businesses hard hit by delay in poll results: ACCI

Businesses hard hit by delay in poll results: ACCI

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Nov 07, 2019 - 17:36

KABULinfo-icon (Pajhwok): Afghanistaninfo-icon Chamber of Commerce and Industry (ACCI) officials have warned further delay in the announcement of the presidential election result may harm businesses.

The presidential ballot was conducted on September 28 and the initial result was expected to be announced on October 29. But the election panel said the preliminary outcome would be unveiled on November 14.

Khan Jan Alokozay, the ACCI deputy head, told Pajhwok Afghan News that insecurity and delay in the announcement of the election result had put traders in trouble.

He said businesspeople, who hat spent a lot on their security, did not supply goods to the market and were waiting for the poll results to be announced.

The trade leader added the situation would worsen, as entrepreneurs were reluctant to invest in the current situation. Delay in the election result was negatively impacting trade, he argued.

In response to a question, he said: “We will face no economic crisis, but prices of all commodities will surge if the result is further delayed.”

Zmarai Safi, head of the food item traders union, agreed the election process had negatively impacted businesses.

He tied the businesses activity to the economic and political situation. A political crisis always impeded businesses, he opined.

Mohammad Ibrahim Shams, a political analysis, also emphasised on the early announcement of the presidential vote soon. Businesses would face a crisis if the result was not announced soon, he warned.

Fazal Ahmad Joya, a teacher at the Economics Faculty of Kabul University, told Pajhwok the country was going through a bad economic situation.

He added elections in other countries helped improve the overall situation, but they created challenges to the economy and problems in other areas.

On the other hand, citizens also voiced concern over the election process. Ahmadullah, a resident of Kabul, complained prices of all commodities had soared and people were faced with big challenges. “The price of a bag of flour has risen from 1,300 to 1,600 afs.”

Usman, a shopkeeper in Jalalabad, said prices of food and non-food items had increased. Other citizens held similar views on the issue.

sa/mud

 

 

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