Last Updated on: 18th July 2023, 06:43 am
Federal Govt Will Approve Long-term Residence Policy For Foreign Investors
The federal cabinet should agree to a permanent residence regulation for foreign investors.
The sources said that a cabinet meeting chaired by Prime Minister Shahbaz Sharif will be held on Tuesday, and the Board of Investment will present the summary on the policy of granting long-term stays to foreign investors.
The sources said that the purpose of granting long-term residency to foreigners is to attract investment to the country.
In January this year, the previous government also announced a permanent residency program for foreigners and linked it to its investment in real estate. The sources said the government is also interested in attracting investment from the United Arab Emirates, Qatar, and Saudi Arabia. For this reason, it offers residencies to investors from these countries in particular.
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