Housing for Overseas Pakistanis

A high level meeting, chaired by Finance Minister Ishaq Dar, on Sunday reviewed some of the problems being faced by Overseas Pakistanis and deliberated upon a proposal for opening a housing sector for them in Islamabad. The Minister expressed the confidence that proposed sector for overseas Pakistanis would offer them an opportunity of safe and secure investment besides providing them quality residential facility with all amenities.
It is acknowledged and emphasised time and again by almost all concerned that Overseas Pakistanis are playing a crucial role in economic development of the country. Had it not been for their hefty contribution in the shape of remittances, the country would have been pushed into an abyss of financial crisis and backwardness. Their remittances have become a major source of external inflows and assume special significance in the backdrop of sluggish exports and dwindling foreign aid besides discontinuation of IMF loan. However, it is a pity that relevant officials in Pakistan pay scant attention to their problems back home while Pakistani missions abroad remain negligent to their plight in host countries. Our embassies operate like kingdoms and do not bother to maintain contacts with Pakistanis living in those countries. As for Minister’s direction about opening a housing sector for them, it is a good proposition in given environment as real estate business attracts investment and overseas Pakistanis would definitely want to invest in safe and secure ventures. However, we may point out poor track record of CDA in opening new sectors or delivering on promised housing projects. Some sectors that were opened decades back are still waiting for proper development while allottees have lost their hopes. We hope that Finance Minister as well as Minister of State for CADD would ensure that the same is not repeated in case of proposed new sectors including the one for Overseas Pakistanis.

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