Saturday, 1 July 2017

BLS International signs 5 Gulf country contract for Islamic Republic of Afghanistan

BLS International Services Ltd. has signed a contract with Embassy of Afghanistan in UAE, representing the Afghanistan Mission in UAE, Qatar, Oman, Bahrain and Kuwait. Under this partnership, BLS International will be providing consular services through registration of Afghan citizens, etc. The contract was signed by Afghanistan Ambassador in UAE, H.E Abdul Farid Zikria in the presence of Deputy Head of Mission, Naser Jamal along with senior officials from BLS International.

As per the contract, BLS international will open Application Centers in UAE, Kuwait, Oman, Bahrain and Qatar for the Embassy of Afghanistan. This contract has been signed to provide services to Afghan citizens who are living in Gulf Zone Countries.

On this occasion, Shikhar Aggarwal, Joint MD, BLS International Services Limited said, “Our endeavour has always been to facilitate state-of the-art services to our clients by creating value for our stakeholders around the globe. We have reinvented the wheel of citizen services by making it a holistic solution with dedicated and professional teams that bring highest level of customer satisfaction. We are glad to partner with Afghanistan Embassy in UAE to provide a framework to enable registration and identification Management for Afghan citizens in Gulf countries.”

While signing the contract, Afghanistan Ambassador in UAE, H.E Abdul Farid Zikria, said, “We have partnered with BLS International looking at their outreach across the world and strong foothold in Gulf region and we hope this association to be fruitful. We intend to provide quality services with efficient processes to our citizens in Gulf countries in which BLS has expertise.”

With this contract, the registered citizens can exercise rights such as the one to property, privacy, freedom of movement and obtaining passport, person’s eligibility to vote and free choice of place of residence, as well as access to social services like education, health care and retirement pension.

Shares of the company have soared by over 21 per cent since its listing on NSE last week and the company is looking to list on the BSE as well in future.

After getting listed on NSE on June 14, the stock opened at Rs 895 the next day and touched an intra-day high of Rs 939 apiece before closing at Rs 875 -- a rise of 22 per cent. 

The stock closed at Rs 872 in the last trading session on Friday, maintaining a gain of 21.3 per cent from its pre-listing price. 

On the company's future plans, Aggarwal told PTI in an interview, "Next year, we are planning to achieve 30-40 per cent growth and around 30 per cent at the profit level." 

BLS has operations in more than 22 countries and is providing services through 101 offices worldwide. It handles close to 3 million applications annually. 

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