English | دری

Afghan new mines law approved after a long impasse

in Afghan Business

Afghan new mines law approved after a long impasse

afghanistan mining lawsThe Lower House of Parliament approved the new mines law that had faced a number of long frustrating delays.

The new mines law, consisting of 20 chapters and 117 articles, are believed to be critical to attract foreign investors to Afghanistan.

In the last-minute before the final approval, a new article was added that states 5% of mining income should go towards development projects in the areas where mines are located.

This comes as the country is facing great uncertainty regarding its future economy. Afghanistan is preparing itself to become self-sufficient as foreign troops are pulling out and foreign aid is winding down. Eyes are on the mining sector to steer the country towards economic development.



Related Articles

Ministry of Transport’s objection to Afghanistan's transportation problems

Minister of Transport and Aviation Daud Ali Najfi strictly objected the transportation system in Afghanistan for its non-standard roads. “The

Kabul hosts the first ever India-Afghanistan Innovation Partnership Fair

The first ever India-Afghanistan Innovation Partnership Fair is convened in Q-Kabul Hotel from 4th to 5th December with collaboration from

Afghanistan caps US dollar outflow to Iran

With Iranian Rial plunging, Afghan authorities have imposed a limit of USD 1,000 travelers can take out of Afghanistan to

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.