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The government has decided to offer permanent residency to foreign investors, especially to fetch heavy investments from wealthy Afghans, Chinese and American Sikhs, Dawn reported.


In a tweet late Friday night, Information Minister Fawad Chaudhry said: “In line with new National Security Policy, through which declared geo-economics as core of its national security doctrine, the government has decided to allow permanent residency scheme for foreign nationals, new policy allows foreigners to get permanent resident status in lieu of investment.”





The government believes it will fetch billions of dollars of foreign investment by giving Pakistani nationality and proprietary rights to the foreign investors, the Dawn news report said.


An informed source told Dawn that the government wanted to attract heavy investments from the wealthy Afghan nationals who were presently investing in countries such as Iran, Turkey and Malaysia.


They said the government also hoped that US-based Sikh nationals would be happy to make investment in different sectors in due to their affection with Sikh religious sites in the country, the report added.


Also, Prime Minister Imran Khan in his recent statements hinted that he wanted to attract top Chi­n­ese investors who relocated their industries to other countries in the region.


The government also hoped that the rich Arabs rulers, who used to visit Pakistan every year for hunting purpose, would like to have Pakistani citizenship.


–IANS


san/ksk/


 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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