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Gov’t passes bill for stone investments

AT News Report-KABUL: Government has passed a bill which will facilitate investments in mining and processing granite and marble stones, officials said on Friday. The bill will also allow establishing marble industry in the country. Marble depositsin Afghanistan, according to surveys, are worth $150 billion and 25 extraction and 108 processing companies are operating in the field.

President Ghani chaired a meeting on Thursday with the High Economic Commission and approved the strategy on marble industry stressing on transparent technical standards. The president demanded firms with high standard operations be exempted from taxed. According to a statement from the Presidential Palace, Ghani encouraged investments on stones.

The president granteda contract of marble stones mining and processing to Natural Sang Processing Company. It is pertinent to mention that the company would invest $15 million for the mega project.

The meeting also discussed establishing dry ports in the county. In this regard, the president said limits, opportunities and standard should be clarified. The president directed the ministries of transport and finance to evolve a comprehensive strategy regarding infrastructural affairs in coordination with the public and private sectors under the supervision of the presidential advisor.

Ghani said a committee should be created to monitor quality of construction of installations because dry ports were established to facilitate exports and imports and that the proposed committee should have the required capabilities. Under the strategy, dry ports should have facilities like car parking areas, warehouses, loading, unloading, customs offices, transport, cold storages and other related facilities.

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