Islamabad, December 11, 2023 – In a significant move to enhance economic ties and attract foreign investment, Caretaker Prime Minister Anwaar-ul-Haq Kakar announced the launch of a new visa regime for Pakistan on Monday.
The unveiling took place in Islamabad, where the Prime Minister emphasized the importance of rationalizing and liberalizing the country’s visa policy.
During the announcement, Prime Minister Kakar highlighted the crucial role visas play in fostering economic relationships with other nations. He underscored the necessity of opening up to the world to overcome challenges and create an environment conducive to attracting foreign investment and developing robust trade partnerships.
“The visa is the cornerstone of economic relationships,” stated Prime Minister Kakar, emphasizing the need to streamline and improve the visa policy for the benefit of both Pakistan and potential foreign investors. He acknowledged that a more open and flexible visa regime is instrumental in creating a favorable climate for international collaboration and economic growth.
Prime Minister Kakar expressed confidence in the Interior Ministry’s ability to contribute valuable suggestions for further refining and enhancing the new visa policy. The government is keen on incorporating feedback and insights from various stakeholders to ensure that the visa regime aligns with the country’s economic goals and facilitates increased foreign investment.
The launch of the new visa regime signals Pakistan’s commitment to positioning itself as an attractive destination for global investors. By removing barriers and simplifying visa processes, the government aims to create an environment that encourages foreign businesses to explore opportunities in the country.
The move is expected to not only boost foreign direct investment but also foster collaboration across various sectors, contributing to economic development and job creation. A more accessible visa policy is likely to attract skilled professionals, entrepreneurs, and investors who can bring expertise, capital, and innovation to Pakistan.
As the government takes this proactive step to open its doors to the international community, it aligns with broader efforts to enhance Pakistan’s global standing and economic competitiveness. The unveiling of the new visa regime reflects a commitment to modernize policies and remove impediments to foreign investment, marking a positive stride towards a more inclusive and dynamic economy.
The business community and stakeholders are anticipated to welcome this initiative, as it signifies a forward-looking approach to economic development. The success of the new visa regime will be closely monitored as Pakistan endeavors to leverage the benefits of increased foreign investment for sustainable growth and prosperity.
