Afghan new mines law approved after a long impasse
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.
The Prime Minister of India, Dr Manmohan Singh called the President of Islamic Republic of Afghanistan Hamid Karzai today to
Neighboring country Iran is ready to export its natural gas through a pipeline into Herat, Afghanistan, as per agreement signed