Ministry: nearly 2,800 business permits distributed in past year

KABUL (Tolonews): The Ministry of Industry and Commerce (MoIC) said that it has distributed nearly 2,800 business permits to businesspeople in the country in the past year.

According to the Ministry of Industry and Commerce’s spokeswoman, Akhundzada Abdul Salam Javad, more than a hundred of these investment permits have been obtained by businessmen from other countries.

“2,679 new permits have been distributed, 7,228 permits have been extended, 333 permits have been canceled, 106 foreign permits have been issued, 137 foreign licenses have been renewed, and for convenience, 19 letters for passports have been issued,” Javad said.

In the meantime, some economists believe that the Islamic Emirate needs to support investors in the country to increase investment.

“To attract domestic and foreign investment, it is necessary to establish supportive policies to ensure the financial security of the investor in Afghanistan,” said Shakir Yaqoobi, an economist.

The Ministry of Economy said that it is trying to promote economic growth and employment opportunities in the nation in order to attract foreign investment.

Investment can be crucial in helping Afghanistan overcome its economic problems and to become self-sufficient, according to Abdul Latif Nazari, deputy of the Ministry of Economy.

“Investment in small and medium industries, as well as investment in agriculture, food, and organic resources, can be beneficial for Afghanistan’s self-sufficiency as well as in the economic growth and development of the country,” Nazari noted.

Previously, officials of the Islamic Emirate, particularly the Prime Minister’s Economic Commission, urged all Afghan businesspeople abroad to make investments in Afghanistan.