抖阴短视频

ISLAMABAD: 抖阴短视频鈥檚 green-lighting of a new residency scheme for expatriates is a game-changer for 2.7 million Pakistanis living in the Kingdom, business officials and experts said, and might finally give expatriates who can pay a required fee the right to live, work and own business and property in the Kingdom.
The new residency scheme, officially known as a 鈥淧rivileged Iqama鈥� and commonly referred to as the Saudi 鈥済reen card,鈥� was first mentioned by Saudi Crown Prince Mohammed bin Salman nearly three years ago. Those eligible will be able to choose between an annual renewable option or permanent residency, with indefinite leave to remain in exchange for a higher, one-off fee. Saudi government officials have told Arab News that the scheme now awaits cabinet approval. 鈥淭his is a very positive and long-awaited step,鈥� Sehr Kamran, President of the Center for Pakistan and Gulf Studies, told Arab News. 鈥淚t will give confidence to the expatriate community, especially the investors, since many people had been losing their businesses to Kafeels (Saudi sponsors).鈥�
Once approved, this new system will end the need for expatriates to have a local sponsor, or 鈥渒afeel.鈥� For those who already bend the rules by constantly renewing limited visitor visas, there will no longer be 鈥渧isa runs鈥� every few months. It will also eliminate long queues at embassies.
Without a Kafeel, a foreigner cannot do business in 抖阴短视频, and a local sponsor has controlling share over businesses, often leading to disputes.
鈥淭he biggest benefit [of the new scheme] is that Pakistanis who have been living there are aware of their language, and they can invest in small and medium size businesses and employ other Pakistanis without relying on local partners,鈥� Rizwan-ul-Haq, former Ambassador to 抖阴短视频 told Arab News.
鈥淚f mid-to-large scale businesses are assured of legal rights and a conducive environment, they would definitely move to 抖阴短视频. The educational and hospitality sector can boom,鈥� he added.
Pakistan鈥檚 bilateral trade with 抖阴短视频 stood at $1.871 billion in 2017-18 with exports amounting to $170 million and imports at $1.7 billion. Since 1971, Pakistanis have contributed toward building the Kingdom鈥檚 infrastructure. They remit nearly $6 billion from 抖阴短视频 every year.
In order to be eligible for the new green card scheme, expatriates must meet several criteria including having a valid passport, clean criminal record, financial solvency, and authentic credit and health reports.
Farhan Ahmed, the CEO of an Islamabad-based travel and tourism company, said Riyadh鈥檚 decision was encouraging for Pakistan鈥檚 business community.
鈥淭his is a very positive and encouraging move. It gives hope to the business community to go and invest there without concerns over the protection of their investment,鈥� Ahmed said, adding that he would definitely consider availing the opportunity 鈥渁fter proper consideration.鈥�