English | دری

Afghanistan mining revenue reaches 6bn AFN

in Afghan Business

Afghanistan mining revenue reaches 6bn AFN

The Afghan Ministry of Mines and Petroleum (MoMP) has recorded over 6 billion Afghanis in revenue this year, showing a considerable increase over 2016.

According to MoMP spokesperson Abdul Qadir Motafi, in 2016 the total revenue had reached 4.7 billion Afghanis.

Transparency improvement in revenue collection is cited as the main reason behind the significant hike in mining revenue.

The Ministry established a new registration (data) center this year to ensure transparency in revenue collection.

However, illegal mining continues to be a major threat to the country’s mining sector.

As many as 2000 sites are currently being excavated illegally, in particularly sites in Taliban-controlled areas like Helmand, Nangarhar, Badakhshan and several other provinces.



Related Articles

22,000 Citizens Benefit from Improved Infrastructure in Samangan

Officials of Samangan’s Public Works Department, representing the respective ministry in the province, and the Afghan-German Cooperation signed a contract

Korean constructed model farm handed over to local authorities in Parwan

Constructed by the Korean Bagram Office and Korea International Cooperation Agency (KOICA), a model farm was handed over to local

President Karzai discusses Afghanistan’s economy with presidential runners

President Hamid Karzai chaired a high-level meeting on Thursday to confer on Afghanistan’s current economic situation. The meeting was attended

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Your e-mail address will not be published.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*