- publish: 2 October 2021
- time: 2:46 pm
- category: Economy
- No: 18974
Over 100 factories halt operations in Herat
Officials at the chamber of industry and mines said that more than 100 factories have halted their operations due to economic challenges within past two months in the western province of Herat.
Officials said that economic challenges, shortage of raw materials and lack of proper sale market are the main reasons for reduction in operations of Herat industrial companies.
Local officials in Herat said that they have increased tariffs on imported goods to layout a good market for domestic products.
Experts warned that if the problems laid ahead of the investors and business owners were not solved immediately, an economic crisis would come into effect.
The private sector in Herat said that reduction of corruption in customs and ensuring of proper security on highways triggered a new wave of hope among investors to continue their businesses.