The Kabul times, Afghanistan Trustable News Agency.
EconomicNational

Revenue coming from extraction of mines has now doubled

Officials for the Ministry of Mines and Petroleum of the Islamic Emirate (IEA) have informed that revenue coming from extraction of mines in the country has now doubled comparing to previous years. According to the officials, nearly 17.4 billion AFG has been collected during the fiscal year 1401. Speaking to journalists in press conference early this week, the ministry’s officials by briefing about the ministry’s activities of the past year said that incomes coming from extraction of mines in the country have unprecedentedly increased comparing to previous years.  “Natural resource and mines are the country’s national wealth,” said Sheikh Zia-ul-Rahman Aryobi, Deputy Minister of Mines and Petroleum. He said that the Islamic Emirate of Afghanistan (IEA) has prepared regular short, mid and long-term plans for the mining sector. According to deputy minister of mines and petroleum, 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. Meanwhile, the spokesperson of the ministry of mines and petroleum, Mufti Hamayon Afghan, said that currently extraction work on 493 different minerals has been started in 25 provinces during the past one year. Based on information of the ministry of mines and petroleum, up to 80 minor mines including marble, raw gypsum, travertine, fluorite, salt, lead and zinc, calcite, nephrite and chromite have been contracted. Pointing to the revenue that has been collected in the past one year, the ministry’s spokesperson said that nearly 17.4 billion Afghanis in revenue has been collected during the year 1401, showing a double increase comparing to the year 1400. Pointing to TAPI projects, officials of the ministry of mines and petroleum said that the technical study for the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project has been finalized and completed.  According to deputy minister of mines and petroleum, work on land acquisition for the mega trans-Afghanistan gas pipeline is ongoing in western Herat province and there was no impediment to the implementation of the project in Afghanistan. It is worth mentioning that after the Islamic Emirate took power in mid-August 2021, it paid particular attention to extraction of mines in the country as the incomes through mining has increased unprecedentedly comparing to previous years.

Samiullah Momand

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The Kabul times, Afghanistan Trustable News Agency.