{"id":58133,"date":"2019-11-29T15:17:58","date_gmt":"2019-11-29T15:17:58","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=58133"},"modified":"2020-01-29T12:33:03","modified_gmt":"2020-01-29T12:33:03","slug":"senate-allow-foreigners-purchase-property-pakistan","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/senate-allow-foreigners-purchase-property-pakistan.html","title":{"rendered":"Senate for allowing foreigners to purchase property in Pakistan"},"content":{"rendered":"<p>Islamabad: The Senate Standing Committee on Law and Justice reviewed the amendment to the Constitution Bill, 2019 (insertion of Article 253-A) regarding the authorization for foreigners to purchase land in any part of the country, according to news sources. As per the publication, this proposal had originally been introduced by Senator Mushtaq Ahmed.<\/p>\n<p>The committee members called for this revision of the regulations to be introduced as an independent law, instead of as an amendment to the constitution. In addition, the meeting sought further details about the current property purchase mechanism for granting permission to foreign companies or individuals.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-notifies-pkr-330-mn-tax-collection-on-foreign-funds-transfer.html\" target=\"_blank\" rel=\"noopener noreferrer\">FBR notifies PKR 330 mn tax collection on foreign funds transfer<\/a><\/p>\n<p>Subsequently, it was decided that Secretary Interior, Board of Investment, provincial revenue boards, and Securities and Exchange Commission (SECP) would be invited to the next meeting regarding this issue, so that they could collectively determine whether federal or provincial authorities had jurisdiction over this matter or not. The meeting also intends to find out how many foreign nationals currently own property in Pakistan.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/declaration-of-foreign-assets-income-must-for-pakistanis-fbr.html\" target=\"_blank\" rel=\"noopener noreferrer\">Declaration of foreign assets, income must for Pakistanis: FBR<\/a><\/p>\n<p>The senate body meeting was attended by several high profile dignitaries, including Senators Mushtaq Ahmed, Musadik Malik, Mushahidullah Khan, Dr Ghous Niazi, Sana Jamali, and Mian Ateeq Sheikh, as well as relevant officials from the law ministry, National Health Services and Regulations, and the State Life Insurance Corporation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Senate Standing Committee on Law and Justice reviewed the amendment to the Constitution Bill, 2019 (insertion of Article 253-A) regarding the authorization for foreigners to purchase land in any part of the country, according to news sources. As per the publication, this proposal had originally been introduced by Senator Mushtaq Ahmed. The committee members called for this revision of the regulations to be introduced as an independent law, instead of as an amendment to the constitution. In addition, the meeting sought further details about the current property purchase mechanism for granting permission to foreign companies or individuals. Read:\u00a0FBR notifies PKR 330 mn tax collection on foreign funds transfer Subsequently, it was decided that Secretary Interior, Board of Investment, provincial revenue boards, and Securities and Exchange Commission (SECP) would be invited to the next meeting regarding this issue, so that they could collectively determine whether federal or provincial authorities had jurisdiction over this matter or not. The meeting also intends to find out how many foreign nationals currently own property in Pakistan. Read:\u00a0Declaration of foreign assets, income must for Pakistanis: FBR The senate body meeting was attended by several high profile dignitaries, including Senators Mushtaq Ahmed, Musadik Malik, Mushahidullah&hellip;<\/p>\n","protected":false},"author":75,"featured_media":34938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[14196],"persona":[],"class_list":{"0":"post-58133","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-details-on-senate-to-allow-foreigners-to-purchase-property-in-pakistan","9":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Senate for allowing foreigners to purchase property in Pakistan - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Senate Standing Committee on Law and Justice reviewed the amendment to the Constitution Bill, 2019 (insertion of Article 253-A) regarding\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/senate-allow-foreigners-purchase-property-pakistan.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Senate for allowing foreigners to purchase property in Pakistan - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Senate Standing Committee on Law and Justice reviewed the amendment to the Constitution Bill, 2019 (insertion of Article 253-A) regarding\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/senate-allow-foreigners-purchase-property-pakistan.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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