In an effort to foster a business-friendly environment that encourages investment, Caretaker Prime Minister Anwaar-ul-Haq Kakar has instructed the easing of visa policies for businessmen.
The caretaker premier issued these directives while presiding over the fifth apex committee meeting of the Special Investment Facilitation Council (SIFC) in Islamabad today.
He stated that the government would streamline the visa process for businessmen, emphasizing that these measures mark the beginning of a new era for Pakistan.
During a joint press conference alongside other ministers following the SIFC meeting, Caretaker Foreign Minister Jalil Abbas Jilani announced that the government would grant long-term visas to members of the business community who invest.
Describing the European Union (EU) as a “significant partner” for Pakistan, he noted that the country’s trade with all nations had increased in recent months.
He highlighted that trade with the United States (US) had grown by $3 billion and stressed that one of SIFC’s primary objectives was to address investors’ issues.
Caretaker FM Jilani explained that the government is taking steps to resolve problems faced by foreign investors, emphasizing that Pakistan’s relations with regional and international communities are strengthening in defence, politics, and the economy.
Referring to SIFC as a “revolutionary step,” the caretaker foreign minister mentioned Pakistan’s strong trade relations with the US, similar to those with China. He also noted the Gulf Cooperation Council’s (GCC) interest in investing in Pakistan.
Additionally, he shared that the government is working to enhance bilateral trade with the EU and African nations.