Govt announces to launch 400 kanals housing project for overseas Pakistanis

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ISLAMABAD – The federal cabinet has approved a housing project covering an area of 400 kanals for overseas Pakistanis.

Federal Information Minister Fawad Chaudhry announced it while briefing media about decision taken by the cabinet in today’s meeting chaired by Prime Minister Imran Khan.

He said that overseas Pakistanis can procure apartments in this project through Roshan Digital Accounts, a facility introduced by the State Bank of Pakistan for expats.

Chaudhry said the government will fetch around $2 billion through this project. He said the cabinet also directed to frame a policy to enable foreigners to procure land in Pakistan.

The minister said the federal cabinet also approved electricity tariff adjustment of one rupee per unit for next three months to provide relief to the people. Besides, Science, Technology, and Innovation policy, Sambarial-Kharian Motorway, import of urea from China, and privatization of Guddu and Nandipur power plants were approved.

He said it has been decided that no lockdown will be imposed in the country due to coronavirus as Pakistan’s economy cannot afford such moves. He, however, appealed the people to observe precautionary measures to prevent the spread of virus.

Regarding Electronic Voting Machines, he said Ministry of Science and Technology has been directed to provide EVMs to the Election Commission to hold next elections in Islamabad through these machines to ensure transparency.

Read more: https://pakobserver.net/expats-transferred-3-160b-throu-roshan-digital-account-farrukh/

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