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Pakistan offers permanent residency scheme for rich foreigners

PAKISTAN has decided to offer a permanent residency scheme for wealthy foreign nationals, including Sikhs living in the US and Canada, to attract investments, it emerged on Saturday (15).

Information minister Fawad Chaudhry through an overnight tweet announced that the new scheme was in line with the new National Security Policy, which was formally launched by prime minister Imran Khan on Friday (14).

Foreign direct investment increases 20pc in July-December

KARACHI: Foreign Direct Investment (FDI) increased 20 per cent year-on-year in the first half of 2021-22, reflecting an improvement in the investment environment.

In the first half of the current fiscal year, FDI amounted to $1.05 billion against the inflow of $879.7 million in the same period of 2020-21.

The inflow in December 2021 jumped 29pc year-on-year to $218.7m, data released by the State Bank of Pakistan (SBP) showed on Tuesday.

BOI implements 100 reforms to facilitate businesses

Remaining reforms, out of 168 proposed, at various stages of implementation

The Board of Investment (BOI) has completed 100 reforms out of the 168 proposed reforms under Regulatory Reforms and Guillotine Initiatives (PRMI) that aim to identify, simplify, modernize or eliminate the regulatory bottlenecks for facilitation of businesses, particularly Small and Medium Enterprises (SMEs).

M3 Industrial City's SEZs To Bring In Rs 11.5b Investment

Special Economic Zone committee of M3 Industrial City has approved three companies for zone enterprise status to catalyse economic activity in the province

LAHORE, (UrduPoint / Pakistan Point News - 10th Jan, 2022 ) :Special Economic Zone committee of M3 Industrial City has approved three companies for zone enterprise status to catalyse economic activity in the province.