KABUL – Afghanistan will have to face an other threat in economic matter after the insurgents Taliban as withdrawal of NATO forces form Afghanistan is not a fruitful deal for the country, PakistanTribe received international media reports.
Withdrawal of North Atlantic Treaty Organization (NATO) has once again put the Afghanistan into another critical stage as the economic condition of Afghanistan is too poor to make the country stable.
Taliban insurgency may still be raging but the poor state of the economy could pose a bigger threat to Afghanistan’s long-term viability, and huge mineral reserves are unlikely to offer a quick fix.
In Kabul’s Sarayee Shahzada market, money exchangers wave thick bundles of Afghanis, dollars, rupees and dirhams, but the customers are not packing the alleyways like they used to and business is well down on two years ago.
After a decade of near double-digit growth, the Afghan economy has stalled in the last two years, hit by adisputed presidential election and the end of NATO’s combat mission, which formally closed on Sunday.
Omiad Khan, sitting in his family business in the market, told that more money was leaving Afghanistan these days, and less coming in.
“As the withdrawal got nearer, investors in Afghanistan moved their money abroad — they transferred it to Dubai, China, Pakistan, India, Turkey,” he said.
A recent survey of more than 9,000 Afghans by the Asia Foundation, a US NGO, found unemployment and a weak economy were the biggest concerns, beating insecurity and corruption.
It is pertinent to mention that Obama -US President – said in his Christmas message that Afghanistan is now Stable and US is withdrawing its forces as the mission has successfully completed.
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