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 Wireless Launches Afghanistan’s First 4G/LTE Communications Network
Afghan Wireless Communication Company (AWCC), Afghanistan’s first mobile communications company, announced the launch of the Afghan Wireless 4G/LTE Network—Afghanistan’s first
Alokozay company to invest $350mn in six factories in Afghanistan
Alokozay Group of Companies, one of the leading Fast Moving Consumer Goods (FMCG) companies in the world, received 144 acres
Abattoir built in Maimana, Faryab
Municipality of Maimana city in Faryab province inaugurated the first abattoir in the city. Addressing the inaugural ceremony, Faryab Governor