To help ailing financial system, Pakistan presents everlasting residency to wealthy overseas nationals


To draw funding and support it’s ailing financial system, Pakistan on Saturday has determined to supply a everlasting residency scheme for rich overseas nationals. These could embody Sikhs, Afghans and Chinese language.

Though it could be an try to spice up nationwide progress, solely time will inform how many individuals truly go for it contemplating the quite a few points the nation has been going through.

Additionally Learn: PM Imran Khan launches Pakistan’s first-ever nationwide safety coverage

With the assistance of an in a single day tweet, Data Minister Fawad Chaudhry stated that the brand new scheme was according to the brand new Nationwide Safety Coverage, which was formally launched by Prime Minister Imran Khan on Friday.

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“In step with new Nationwide Safety Coverage, by means of which Pakistan declared geo-economics because the core of its nationwide safety doctrine, the federal government has determined to permit everlasting residency scheme for overseas nationals, the brand new coverage permits foreigners to get everlasting resident standing in lieu of funding,” the tweet stated.

Additionally Learn: Watch | Didn’t anticipate ‘participant’ Imran Khan to tax condoms: Bilawal Bhutto

This scheme seems to focus on the Sikhs, who’re dwelling in Canada and USA and need to put money into non secular websites, like Kartarpur Hall. It additionally goals to draw wealthy Afghans, who’re relocating to Malaysia, Turkey and different international locations, after the takeover of Taliban.

It would additionally goal Chinese language nationals, who want to set up industrial items in Pakistan.

“It is a historic step, for the primary time within the historical past of Pakistan, foreigners are being allowed to put money into the actual property sector,” he stated.

(With inputs from businesses)

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