ISLAMABAD - In an effort to attract investors and promote business, Pakistan's caretaker regime has decided to ease the visa policy for businessmen.
In this regard, Caretaker Prime Minister Anwaar-ul-Haq Kakar directed on Saturday to ease the visa policy for businessmen while he was chairing the fifth apex committee meeting of the Special Investment Facilitation Council (SIFC) in Islamabad.
The prime minister said the government would ensure the easy provision of visas to businessmen, adding that Pakistan was entering a new era with these measures.
People related to investment institutions will also have easy access to visas in this regard, the premier said.
Addressing a joint press conference alongside other ministers after the SIFC meeting, Caretaker Foreign Minister Jalil Abbas Jilani announced that the government would issue long-term visas to the business community on investment.
Although further details on the matter are yet to be finalized by the respective ministries and departments, experts are of the opinion that the businessmen would be prioritized in granting visas.
Besides the visa issue, the caretaker foreign minister said the country’s trade with all the countries increased during the recent months, adding that SIFC’s key objective was addressing investors’ problems.
The minister said the government is taking steps to remove the problems of foreign investors.
“Pakistan’s defence, political and economic ties [with the world] are improving,” he elaborated.
Minister Jilani opined that like China, Pakistan also had close trade relations with the US, adding that Gulf Cooperation Council (GCC) has also shown interest in investment in Pakistan.
Meanwhile, the caretaker Interior Minister Sarfraz Bugti said the Interior Ministry has made the visa policy business-friendly and investors will be given visas on easy terms.
Pakistani rupee advanced its winning momentum against US dollar, and other currencies in the open market amid strong economic cues.
On Saturday, the US dollar was being quoted at 285.15 for buying and 287.95 for selling.
Euro moves down to 309.9 for buying and 310.5 for selling. British Pound rate stands at 359.4 for buying, and 360.05 for selling.
UAE Dirham AED also moved down to 77.45 whereas the Saudi Riyal drops to 75.82.
|UK Pound Sterling||GBP||359.4||360.05|
|Hong Kong Dollar||HKD||36.38||36.48|
|New Zealand Dollar||NZD||173.44||175.44|
The price of gold fell by thousands of rupees as precious metal lost shine despite an upward trend in the international market.
On Saturday, the price of a single tola of 24-karat gold stands at Rs217,300 and 10 grams of 24k gold costs Rs186,300.
Meanwhile, single tola of 22 Karat gold costs Rs199,190, 21 karat rate costs Rs190,138 and 18k gold rate is Rs162,975.
Globally, gold prices hover at around $2072, gaining $32 on Saturday.
|Lahore||PKR 217,300||PKR 2,705|
|Karachi||PKR 217,300||PKR 2,705|
|Islamabad||PKR 217,300||PKR 2,705|
|Peshawar||PKR 217,300||PKR 2,705|
|Quetta||PKR 217,300||PKR 2,705|
|Sialkot||PKR 217,300||PKR 2,705|
|Attock||PKR 217,300||PKR 2,705|
|Gujranwala||PKR 217,300||PKR 2,705|
|Jehlum||PKR 217,300||PKR 2,705|
|Multan||PKR 217,300||PKR 2,705|
|Bahawalpur||PKR 217,300||PKR 2,705|
|Gujrat||PKR 217,300||PKR 2,705|
|Nawabshah||PKR 217,300||PKR 2,705|
|Chakwal||PKR 217,300||PKR 2,705|
|Hyderabad||PKR 217,300||PKR 2,705|
|Nowshehra||PKR 217,300||PKR 2,705|
|Sargodha||PKR 217,300||PKR 2,705|
|Faisalabad||PKR 217,300||PKR 2,705|
|Mirpur||PKR 217,300||PKR 2,705|