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.
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.
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.
Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.
