Islamabad: According to news sources, Prime Minister (PM) Imran Khan on Friday (August 27) inaugurated the ‘game changer’ Roshan Apna Ghar scheme for overseas Pakistanis. Non-resident Pakistanis can purchase/build their house in the country’s authorized housing projects and acquire easy financing through their Roshan Digital Accounts.
While speaking at the inauguration ceremony, PM Imran Khan stated that Pakistan could benefit from the investment of the expatriate community and its accumulated professionalism, expertise, and technical skills. He suggested that incentives should provide to the overseas Pakistanis so those top professionals could return to Pakistan. Moreover, he added that non-resident Pakistanis are its most significant assets, and its full potential is not utilized.
According to PM, the expatriates want to own a house in Pakistan. Capturing the land mafia has now encouraged them to trust the system; corruption was also a Hurdle in boosting the investments. All properties bought by the overseas Pakistanis will be safe from illegal occupation as the banks will provide assurance.
Furthermore, Imran Khan (PM) said that t this program will attract a lot of investment through various reforms and incentives. He added that overseas Pakistanis would help bridge the gap between imports and exports in the short term to keep the national economy balanced.
SBP Governor Raza Baqir said that the Roshan Apna Ghar program would address all the real estate problems facing non-residents Pakistanis at the occasion. He revealed that it would include standard rates for loans, fixed tax rates, and tax deduction at the source.
The governor stated that the overseas Pakistanis could invest in the projects of their choice or the programs supported by their banks. The non-resident Pakistanis can have a sense of security for their investment in this way.
PM also presented awards to Habib Bank, Meezan Bank, and Bank Alfalah for attracting investment from the expatriate community at the ceremony. At the ceremony, Finance Minister Shaukat Tarin also appreciated the State Bank of Pakistan (SBP ) efforts to increase remittances inflow to USD 2 billion under the Roshan Digital Account. He said that about the challenges, bringing all the banks to operate under one platform was the biggest hurdle.