The Federal Cabinet is likely to approve a policy for the grant of long-term residency to foreign investors. A meeting of the cabinet will be held on Tuesday under the chair of Prime Minister Shahbaz Sharif. Board of Investment will present the summary with regard to policy.
Sources said that the purpose of granting long-term residency to foreigners is to bring investments to the country. The government also wanted to attract investments from UAE, Qatar, and Saudi Arabia, therefore, it is offering residency, especially to investors hailing from these countries.