Pakistani businessmen hail UAE golden visa service

This file photo shows passengers on escalators at the airport in Dubai on Dec. 26, 2018. (REUTERS)
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Updated 04 January 2020

Pakistani businessmen hail UAE golden visa service

  • Investors, entrepreneurs and professionals will now be able to get long term residence visas
  • Pakistan should adopt the UAE model to attract foreign investment, say businessmen

ISLAMABAD: Pakistan’s business community has applauded the United Arab Emirates (UAE) Golden Visa Portal, saying it has made it extremely convenient for investors, entrepreneurs and professionals to apply for long-term visas of five or 10 years.

The UAE Federal Authority for Identity and Citizenship launched a purpose-built portal to receive golden visa applications on December 16, 2019. The website allows business owners to enjoy a wide range of services and facilities along with unprecedented privileges and multiple options to manage and develop their investments.

A “Gold Residency Visa” or “Gold Card” grants the holder five or 10 years of residency in the UAE.

“It is a great step in this global world where every state is focusing on trade and investment. The UAE wants to attract foreign investors from across the world, including Pakistan,” Mian Anjum Nisar, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), told Arab News on Friday.

“The facility previously lacked in the UAE system: People who had invested a lot still could not cherish the benefits of residency in the Gulf state. This step will further improve the business and investment environment in Emirates,” Nisar said.

Director-General of Pakistan’s Bureau of Emigration and Overseas Employment Kashif Noor concurred with him, saying it was a good opportunity for Pakistani businessmen and entrepreneurs.

“Presently only high net worth individuals can benefit from the scheme, yet it can be a good opportunity for wealthy businessmen from Pakistan who have always wanted to invest in the UAE,” he said, adding it could also benefit the families of golden visa holders who would be able to obtain long-term visas for their dependents as well.

Waheed Ahmed, Patron-in-Chief of All Pakistan Fruit and Vegetable Exporters, Importers and Merchants Association (PFVA), said people all over the world wanted to live and run their businesses in Dubai.

“The UAE is also arranging Expo 2020, so it is a good time to introduce such service as the whole world will be focusing on Dubai for six months. So it is a good strategy to give an attractive message to investors all over the world,” Ahmed told Arab News on phone from Karachi, adding that it would also open plenty of new avenues and opportunities for Pakistani businessmen, investors, and talented professionals.

“Pakistan should also follow the UAE model to ease the business environment and attract foreign investment,” he added.

A Pakistani expat and managing partner of Alliot Group, Dr. Hadi Shahid, who has been living in the UAE for the last 40 years, told Arab News on phone from Dubai that the new scheme would be very helpful for Pakistanis running their businesses in the UAE since they would not have to go for visa renewal every two to three years.

“It will also curb the feeling that the UAE does not offer permanency like other countries of the world despite huge investments by individuals. This will be beneficial for those who have properties above 500 million dirhams or have made other heavy investments,” Shahid said.


King Salman congratulates President Alvi on Pakistan’s Independence Day

Updated 13 August 2020

King Salman congratulates President Alvi on Pakistan’s Independence Day

  • The Saudi king wished the Pakistani president good health and prayed for the prosperity of Pakistani people
  • Saudi envoy in Islamabad also recorded an Independence Day message in Urdu that went viral on social media

ISLAMABAD: King Salman bin Abdulaziz Al Saud sent a message of felicitation to Pakistan’s President Dr. Arif Alvi on Thursday, congratulating him on the 74th Independence Day of his country that will be celebrated on Friday.
The king reached out to the Pakistani head of the state on behalf of his government and people of Saudi Arabia, wishing him good health and praying for the progress and prosperity of the people of Pakistan.
Saudi Ambassador to Pakistan Nawaf bin Said Al-Malki also recorded an Independence Day message in Urdu that went viral on social media. 

Pakistan and Saudi Arabia have always enjoyed cordial relations with each other. The Kingdom has been among of the biggest job providers to Pakistanis and the greatest source of foreign remittances for the South Asian nation.
The two countries have also witnessed leadership level exchanges since the Pakistan Tehreek-e-Insaf government assumed the political leadership of Pakistan. Crown Prince Mohammed bin Salman undertook a high-profile visit to Islamabad in February 2019, and Prime Minister Imran Khan also went to the Kingdom several times during his tenure in the office.
The Saudi king and ambassadors are also among the first foreign leaders and envoys who have issued the Independence Day messages to congratulate the government and people of Pakistan.