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

Kidnappings Harming Business in Afghanistan

KABUL, Afghanistan — Shour Niazi says the armed men who abducted him wore the uniforms of the National Security Directorate,

China-built hospital helps Afghan war victims

The Global Times-The protracted war and conflicts have converted a China-built general hospital in Kandahar to a main surgical center

President Ghani attends SCO Summit in Uzbekistan

President Ashraf Ghani led a high-level delegation on Thursday afternoon to attend the two-day Shanghai Cooperation Organization (SCO) summit in

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Your e-mail address will not be published.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.