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Installation of standard systems enhances investment in Afghanistan

in Afghan Business

Installation of standard systems enhances investment in Afghanistan

FO-AGRICULTUREAccording to Afghanistan’s Investment Support Agency (AISA), Afghanistan witnessed an investment amount of USD 300mn in the first quarter of current fiscal year.

The investments were made in the agriculture, mines and industries sectors of Afghanistan.

This comes as AISA has facilitated the licensing procedure of the companies.

Head of AISA Wafiullah Iftikhar said establishment of an information center in the Agency and installation of standard systems have enabled investors to access information on the country’s investment process much more quickly.

The investors are now able to obtain their licenses online and find information about companies and their validity via the internet.

“The process of getting license will be possible in hours while it took days in the past and also we will prevent fraud in license by using this database,” Mr.  Iftikhar said.

According to Tolo News, AISA has undertaken plans to require companies to hire local staff and cut down on recruiting foreign staff, if the local staff offers the required human resource.

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