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.
“In line with new National Security Policy, through which Pakistan declared geo-economics as the core of its national security doctrine, the government has decided to allow permanent residency scheme for foreign nationals, the new policy allows foreigners to get permanent resident status in lieu of investment,” the tweet said.
The Express Tribune newspaper reported that while sharing the background of the scheme, a key federal minister said that one of the purposes of opening the PR scheme was to attract rich Afghans, who were moving to Turkey, Malaysia and some other countries following the fall of Kabul last August.
“They needed to be incentivised,” Chaudhry said.
In addition, the minister said, the scheme targets the Sikhs living in Canada and USA, who were willing to invest in religious sites, especially in Kartarpur Corridor but had no option to do so.
He said the third objective of the scheme was to incentivise the Chinese nationals, who wish to move or establish industrial units in Pakistan.