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Mining revenue reaches 7 billion afs in 2017: Nehan

Mining revenue reaches 7 billion afs in 2017: Nehan

Feb 10, 2018 - 19:22

KABULinfo-icon (Pajhwok): The Ministry of Mines and Petroleum (MoMP) on Saturday said its annual revenue reached over seven billion afghanis in 2017 from  2016’s 271 million afs.

Acting Mines and Petroleum minister Nargis Nehan told reporters here that the MoMP collected its revenues from contracts with companies, enterprises and exploitation of small natural reservoirs.

She said: “Revenue collected from enterprises in 2017 was over 4.5 billion afghanis, from big contracts over 2.2 billion afghannis and from small mines 461 million afghanis.”

The revenue collected from three sources doubled in 2017 compared to 2016 returns, she said, adding the ministry income stood at 271 million afghanis in 2016.

The difference between 2017 and 2016 revenue was three billion afghanis --- a huge increase and a testimony of reforms and performance of the employees of the ministry, she said.

Nehan said illegal mining and denial of taxes by some companies prevented a large amount of revenue from reaching the ministry.

She said a list of individuals involved in illegal demining had been prepared and would be presented in the next meeting of the council of ministers.


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