Editor in Chief: Moh. Reza Huwaida Friday, March 29th, 2024

WJ Approval Needed Before Investment on Mines: Experts

WJ Approval  Needed Before Investment  on Mines: Experts

KABUL - Afghan Parliament's approval is necessary before mines are invested on, some economic experts said on Saturday.
Experts believe that current parliament may not be able to technically evaluate the mines, but if future parliaments approve or disapprove the current contracts, it will discredit Afghanistan.
The comments come as Afghan government is focusing on investment on Afghan mines.

The experts asked Afghan Ministry of Economy to guarantee the safety of the multi-billion dollar contracts by enforcing accurate laws. They believe that approving such contracts through parliament could be a guarantee for their safety.

"Parliament should go through all major contracts," Sayed Massoud, Professor of the faculty of Economics at Kabul University said. "It's ok that they are not aware of it technically, but if future parliaments disapprove such contacts, it will create global problems for Afghanistan."

But Afghan Ministry of Mines says only major mines could be contracted after approval from Parliament and investments on mines will be done on the basis of Mines Law.

"As per Mines Law, investment on Ainak copper mine was approved by parliament," a spokesman for the Ministry of Mines, Jawad Omer, said. "According to this law, Afghan Ministry of Mines was authorized to sign the contract."

Mines Monitoring Units have been formed by Afghan Ministry of Mines.
Besides, monitoring the mines, the units are obliged to provide necessary facilities for the investors.