Since the Islamic Emirate (IEA) takeover in mid-August 2021, investment in the country’s mining sector has increased unprecedentedly. The increase in investment in the mining sector and revenue of the Ministry of Mines is good news for the future of Afghanistan as increasing the investment in the mining sector enables the government to implement major development projects in the country. It is natural when the investment in the mining sector increases, the revenue will also increase. This will further create job opportunities for the young generation in the country and hopes are increasing as the Islamic Emirate is making efforts towards attracting more investment in this sec tor. This comes amid of increasing efforts being made by the country’s ministry of mines and petroleum. Acting Minister of Mines and Petroleum, Shaikh Shahabuddin Dilawar, has informed that a total of $148 million would be invested in the mining sector in northern Sar-e-Pul province. During his visit to Qashkari Oil Field on Wednesday, the acting minister of mines and petroleum said that the amount would be invested in the mining sector in the province in the next seven months. He said that the purpose of his trip to the northern provinces was to assess the condition of mines and the oil extraction process of Qashkari oil project. On the other hand, acting governor of Sar-e-Pul, Mohammad Nader Haqjo, tribal leaders and the people of the province stressed for the speedy extraction of oil and development of mines in the province. It is worth mentioning that last year, the acting minister of mines and petroleum, Shaikh Shahabuddin Delawar and Deputy Prime Minister, Mullah Abdul Ghani Beradar, inaugurated the Kashkari oil extraction project during his visit to the province. The contract of the project has been awarded to a Chinese company. The Islamic Emirate is committed to invest its revenue on development of the country’s economy, reduction in poverty and the implementation of national and basic projects in the country. In the past year, the revenue that has been collected from the mining sector has increased unprecedentedly. According to the country’s ministry of mines and petroleum, nearly 17.4 billion Afghanis in revenue has been collected during the year 1401, showing a double increase comparing to the year 1400. The ministry has recently reported that extraction work on hundreds of different minerals has been started in almost all provinces of the country during the past one year. It is worth mentioning that there are trillions of dollars of capacity in Afghanistan’s mines. It is not time that investment should be increased on the country’s mining sector. Mohammad Daud
Increasing investment in Afghanistan’s mining sector
