Roshan Apna Ghar Scheme Launched for Overseas Pakistanis
Prime Minister (PM) Imran Khan recently inaugurated the “game-changing” Roshan Apna Ghar program for foreign Pakistanis in Islamabad. Under this plan, non-resident Pakistanis will have access to cheap financing through their Roshan Digital Accounts (RDA) and will be able to acquire, construct, and renovate properties located within authorized housing projects.
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During the opening ceremony, Prime Minister Khan honored Meezan Bank, Habib Bank, and Bank Alfalah with honors for their efforts to attract investments. Prime Minister Khan stated in his address that Pakistan could benefit from the expats’ expertise, technological skills, work ethic, and investments.
Through the proposed changes and incentives, the plan will attract substantial investment, Khan stated. He anticipated that the expats would assist in bridging the gap between imports and exports in order to bolster the nation’s economy.
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On this occasion, Finance Minister Shaukat Tarin also addressed, expressing his thanks for the State Bank of Pakistan’s (SBP) efforts to increase RDA remittances to USD 2 billion. According to him, the most significant accomplishment in this regard was the consolidation of all banks onto a single operating platform.
Governor of the SBP Raza Baqir stated that the scheme will allow foreigners make secure real estate investments at regular and established tax rates, and that they may now invest in any project or program backed by the banks.
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