ISLAMABAD: Afghan businessmen are planning to relocate some 80 factories that they currently operate in Karachi to Kandahar.
The move comes on the heels of several Pakistani industrialists and businessmen deciding to move their operating units from violence-hit Karachi to Sri Lanka and Bangladesh.
Apart from the unrest in Karachi, Afghan businessmen say they are also troubled by repeated power outages which have hamstrung both their efficiency and ouput.
“We have spent millions of dollars to set up factories in Karachi but are now planning to shift to Kandahar,” Vice-President of Kandahar Chambers of Industry Fiazulhaq Mashkani told The Express Tribune from Kandahar.
He said many workers of Afghan and Pakistani origin are working in factories owned by Afghan businesses, adding that in one of the factories owned by an Afghan businessman, some 3,200 Afghans and 1,200 Pakistanis are employed.
Capital outflow : Afghans plan to move 80 factories to Kandahar – The Express Tribune
The move comes on the heels of several Pakistani industrialists and businessmen deciding to move their operating units from violence-hit Karachi to Sri Lanka and Bangladesh.
Apart from the unrest in Karachi, Afghan businessmen say they are also troubled by repeated power outages which have hamstrung both their efficiency and ouput.
“We have spent millions of dollars to set up factories in Karachi but are now planning to shift to Kandahar,” Vice-President of Kandahar Chambers of Industry Fiazulhaq Mashkani told The Express Tribune from Kandahar.
He said many workers of Afghan and Pakistani origin are working in factories owned by Afghan businesses, adding that in one of the factories owned by an Afghan businessman, some 3,200 Afghans and 1,200 Pakistanis are employed.
Capital outflow : Afghans plan to move 80 factories to Kandahar – The Express Tribune

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