Javed Noorni: Afghan government doesn’t have information about its extractive sector

Javed Noorni: Afghan government doesn’t have information about its extractive sector

 

In this sitting held to increase transparency in the extractive sector at New Dehli, Mr Javed Noorani, a reasercher in mining sector presented his findings to the members of the parliament; he presented the summary of his various findings including information and his research regarding contracts and the lack of a unified and central system to register contracts was called the main issue and challenge for the Government and investors.

Mr. Noorani said that unfortunately the Government didn’t have any information with regard to extractive sector and has taken no concrete measures in legal framework to present a solution to these problems. He said that in the past one and a half decade the Government has updated mineral law three times but still the problems and challenges in the extractive sector persisted and hasn’t been able to provide a permanent solution to those issues and challenges.

 

Mr. Noorani called for an international registry and financial system for active contracts for transparency and evaluation and along that an informational database should be developed which could be accessed by general public and investors.

 

 

According to a NASA geolocial survey report, has approximately an estimate worth of 3 trillion dollars of natural resources but currently out of 1000 legal contracts has been able to get an annual revenue of only 50 million dollars from the sector, which according to him is nothing and has no contribution to the economy.