Islamabad: Prime Minister (PM) Imran Khan inaugurated the ‘game changing’ Roshan Apna Ghar scheme for overseas Pakistanis last Friday (August 27). Under this initiative, non-resident Pakistanis will be able to get easy financing through their Roshan Digital Accounts (RDA) and will be able to purchase, build, and renovate their properties located within authorised housing projects.
During the inauguration ceremony, PM Khan presented awards to Meezan Bank, Habib Bank, and Bank Alfalah for their work in attracting investments. Addressing the event, PM Khan said that Pakistan could benefit from the expertise, technical skills, work ethics and investments of expats. He added that corruption had been the biggest challenge in attracting investments and that, even though the overseas Pakistanis wanted to buy property in the country, they had serious concerns. However, the PM assured that investments made through the Apna Ghar scheme would be safe due to the guarantees provided by the local banks.
The scheme will attract a lot of investment through the reforms and incentives we have in mind, said Khan. He hoped that the expats will help bridge the gap between imports and exports to support the national economy.
Finance Minister Shaukat Tarin also spoke on the occasion, and expressed his appreciation for the efforts of the State Bank of Pakistan (SBP) for increasing the RDA remittances to USD 2 billion. He said that the most significant achievement in this regard was uniting all the banks to operate under one platform.
For his part, SBP Governor Raza Baqir said that the scheme would help expats make safe real estate investments at standard and fixed tax rates, and that they could now invest in programmes supported by the banks or any project of their choosing.
Iqra holds BS in International Relations and is passionate about writing engaging content on trending real estate topics. When not working, she is either spending time with family, shopping, or discussing shows & movies.
