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Updated September 2023
In a bid to safeguard its economic stability amid ongoing challenges, the Pakistani government has unveiled a streamlined visa policy, Wego reports. This pivotal decision emerged following a two-day consultation convened by the Special Investment Facilitation Council (SIFC) and was subsequently announced during the SIFC’s fifth apex committee meeting by Caretaker Prime Minister Anwaar-ul-Haq Kakar, conveyed through a recorded message.
The newly introduced policy is strategically designed to attract foreign entrepreneurs by simplifying the process of obtaining visas for Pakistan. Under this policy, foreign entrepreneurs will now require only a single document, which can be issued by their home country or international business organizations. This streamlined approach is poised to facilitate their expansion of business operations within Pakistan, thereby bolstering the country’s economic prospects. For more detailed information on how you can travel to Pakistan for business purposes, please refer to our dedicated Pakistan business visa article.
By attracting foreign businessmen to expand their operations in Pakistan, the government hopes to improve the country’s economic situation. The streamlined process is part of a broader strategy to foster economic stability during challenging times.
The government’s efforts to strengthen economic ties with other countries were also highlighted. Caretaker Foreign Minister Jalil Abbas Jilani expressed the government’s intention to expand relations with economically established countries, including China, the United States, and Middle Eastern countries.
While the new visa policy and international relations are part of Pakistan’s strategy to boost its economy, it’s important to note that these efforts are separate from other initiatives like the China-Pakistan Economic Corridor (CPEC). The CPEC, which has received significant funding from China, focuses on infrastructure and energy projects.
In conclusion, Pakistan’s new streamlined visa policy represents a significant step towards encouraging foreign investment and boosting economic growth. By simplifying the visa process for entrepreneurs, Pakistan is positioning itself as an attractive destination for international business.
