Government Announced PR Scheme in Pakistan

The Government of Pakistan has revealed a new scheme for foreign nationals to get permanent residency in Pakistan. The country is a place of history, culture, and tourism and is visited by tourists worldwide to admire the beauty it offers. With this new initiative, foreigners can now become permanent residents and enjoy the facilities.

PERMANENT RESIDENCY IN PAKISTAN

A permanent residency of any country means that a person has a legal certificate to live there. A permanent resident can live in that country without getting a visa or any additional document from the state. 

Federal Minister for Information and Broadcasting Fawad Chaudhry has announced that permanent residency in Pakistan will be offered to foreign nationals who invest in real estate. In light of the current progress of the real estate industry in Pakistan, this is a fantastic opportunity for all foreigners to invest and become permanent residents and make significant gains.

In line with new Nat Security policy through which Pak declared GeoEconomics as core of its Nat security doctrine,Government has decided to allow Permanent residency scheme for foreign nationals,new policy allows foreigners to get permanent resident status in lieu of investment

— Ch Fawad Hussain (@fawadchaudhry) January 14, 2022

The federal minister added that the country has declared geo-economics as the core of its National Security Policy and will allow foreigners to acquire permanent residence in Pakistan. However, for foreigners to apply for this PR scheme of the government, they need to make a minimum investment of USD 100,000 to USD 300,000 in the country’s real estate sector.

WHO WILL BENEFIT FROM THE PR SCHEME IN PAKISTAN

The PR scheme for foreigners in Pakistan replicates a model implemented in Turkey, which allowed foreigners to buy property in the country. Through this PR scheme, foreigners can buy houses, land and hotels and, therefore, is rightly termed the ‘game-changer’ initiative.

Now you can become a permanent resident of Pakistan by making real estate investments.

This PR scheme is an excellent opportunity for Afghans seeking permanent residence in other countries for better stability among these foreigners. They can become permanent residents of Pakistan and live in a similar culture. In addition, since Pakistan is home to many gurudwaras, special provisions are being made to facilitate the Sikh community. 

This is the first time any government has taken the initiative to invite foreign applications for permanent residency in Pakistan. This also incentivizes Chinese investors to set up the industry and settle here. Billions of dollars in foreign investment are expected to be brought to the country through this scheme.