"This task force, made up of representatives of the government, civil society and companies operating in the
extractive industries sector, will be tasked with putting in place an action plan to prepare for this accession," Minister of Industry and SMEs Slim Feriani told reporters.
The decision was made at a meeting of Azerbaijan's
Extractive Industries Transparency Commission (EITC), which took place July 12 in the SOFAZ.
Therefore, it is recommended that Pakistan should conceive a standard for monitoring compliance with revenue-transparency criteria to ensure that companies publish what they pay to the government and the government disclose what it receives from
extractive companies.
The
Extractive Industries Transparency Initiative (EITI) is the global standard to promote the open and accountable management of oil, gas and mineral resources.
Emerging technologies and implications for accountability in
extractivesOn the contrary, the goal of achieving institutional inclusivity is undermined by
extractive institutions.
The event was launched by a presentation from UNU-WIDER's researcher Alan Roe (https://www.wider.unu.edu/expert/alan-r-roe) entitled '
Extractives as a catalyst for economic transformation: issues from African experiences (http://igmozambique.wider.unu.edu/sites/default/files/Event/Roe_Alan.pdf)'.
The Conference is intended to discuss and find answers to burning issues arising from the use of Africa's lucrative
extractive industries, including how ownership transparency can be key to preventing tax evasion, mitigating illicit financial flows and raising revenues from
extractives.
Tomothy Kabba in his statement said the launching ceremony presented an undefining moment in the country's collective efforts towards maximizing the beneficial impact of non-renewable
extractive assets.
For a long time, authorities have tried to balance the need for quarrying and certain other
extractive activities with environmental protection.
It has been oft said that the
extractive indAusAtry of mining and quarries in the country is riddled with many ills such as fragmentation (small-scale mining) and 'outdated manaAgement techniques, inadequate capital and antique technical know-how' as stated in the latest Economic Survey.
The Open Veins of Africa: The Dynamics of
Extractive Accumulation by Dispossession in 21st Century Africa
