English | دری

Embezzlement remains an issue in Afghan mining industry

in Afghan Business

Embezzlement remains an issue in Afghan mining industry

Afghanistan’s Finance Minister Eklil Hakimi has called on relevant government organizations to address the issue of embezzlement in the mining sector as incomes are reducing.

He alleged that mining industry’s incomes are being embezzled by powerful individuals and urged the government to put in place effective plans to protect national incomes.

This comes as the Afghanistan Extractive Industries Transparency Initiative (AEITI) indicated in its latest report that Afghanistan must have USD 3.5bn annual revenue from the mining industry, given the nation’s large mineral resources.

Meanwhile, the Ministry of Mines and Petroleum said that revenues of the sector have declined due to a pause in mining contracts and the large debts owed by contracted companies.



Related Articles

Afghan, Tajik trade turnover 59.6% lower than last year

Tajikistan’s Minister of Economic Development and Trade Sharif Rahimzoda and Afghanistan’s Minister of Commerce Mohammad Shakir Kargar exchanged perspectives on

Herat hosts conference on saffron cultivation

Afghanistan’s leading province in saffron cultivation, Herat, is currently hosting a 3-day conference on saffron cultivation. The conference is attended

Yet another report on Afghanistan's corruption unveiled

A report by the Afghan Independent Media Consortium (AIMC) and 8am Newspaper has revealed extensive corruption and misuse of power

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Your e-mail address will not be published.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.