Legal Question in Real Estate Law in Pakistan
My question is simple: according to Pakistani law, can a non-Pakistani (European Union) national buy and own real estate or a plot of land in Pakistan?
Thank you
1 Answer from Attorneys
Dear Jennifer,
received you mail, contents noted. please note that there is no provision of law under which a foreigner (individual) can purchase property in Pakistan .but companies can and even investors type of companies are encouraged to invest in projects for which you can visit the web site of (Board of Investment)www.pakboi.gov.pk.
in recent years single member company is being introduced with other form of corporate entities as well like partnership, private or public limited companies. that can be used as SPV (special purpose vehicle)
if you require any actual professional help, feel free to contact or details.
best of regrads.
Sheikh Mohammed Akram Nazir
Attorney at Law