January 16, 2022
1 min read

Pakistan to lure Afghan, Chinese investors

Government also hoped that US-based Sikh nationals would be happy to make investment in different sectors in Pakistan due to their affection with Sikh religious sites in the country…reports Asian Lite News

 The Pakistan 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 Pakistan 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 Pakistan 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.

ALSO READ: Pakistan unveils public version of National Security Policy

Previous Story

Global Covid caseload tops 325.7 mn

Next Story

Pakistan’s first national security focuses on India

Latest from -Top News

Chad Ends French Military Presence

In November 2024, Chad announced the end of the security and defence cooperation agreement with France…reports Asian Lite News Chad on Thursday announced a full withdrawal of French troops from the Central

UAE receives first Rafale jet 

In a landmark deal with France’s Dassault Aviation, the UAE Ministry of Defence has inaugurated its first Rafale fighter jet, marking a major step in modernizing its military capabilities. The acquisition includes

DXB sets new benchmark, targets 100m passengers 

Dubai International (DXB) has broken its own record, welcoming 92.3 million passengers in 2024, reaffirming its place as the world’s busiest airport for international travel.    Dubai International (DXB) has marked a

Third Gaza hostage exchange complete 

A significant moment unfolded as Palestinian prisoners were welcomed in Ramallah, while Israeli Prime Minister Netanyahu celebrated the return of three Israeli hostages freed from Gaza.  On Thursday, a significant moment unfolded
Go toTop

Don't Miss

Ailing Musharraf unlikely to return to Pakistan

Musharraf has been hospitalized for the last three weeks due

Young zealots pose grave threats to minorities in Pakistan

The state, especially the army, had created and supported extremely