ISLAMABAD – Prime Minister Imran Khan Friday launched ‘Roshan Apna Ghar’ program for overseas Pakistanis, enabling them to acquire property in Pakistan through Roshan Digital Accounts.
Speaking on the occasion, the premier termed overseas Pakistanis as huge asset of the country, adding that previous governments failed to tap the full potential of overseas Pakistanis.
He termed the program would prove game-changer for the expatriates.
He highlighted that assets held by overseas Pakistanis abroad are equal to the total GDP of the country, adding that they can be a major source of investment in Pakistan.
Terming corruption a major obstacle in investment from overseas Pakistanis, PM Imran said that efforts are being made to improve ease of doing business in the country.
— Prime Minister's Office, Pakistan (@PakPMO) August 27, 2021
PM Imran hoped that the dollars sent by overseas to acquire property will help Pakistan reduce its current account deficit.
Addressing the ceremony, Finance Minister Shaukat Tarin said that the scheme will help to retain the money coming from Roshan Digital Account. He said a massive investment is expected in real estate sector.
Earlier highlighting salient features of the scheme, Governor State Bank of Pakistan, Reza Baqir said overseas Pakistanis can now buy or obtain financing for property in Pakistan from anywhere in the world.
He said they can apply remotely and digitally to procure banks’ pre-approved projects or any other property.
Reza Baqir said the investment made through this initiative will be fully repatriable and no question will be asked in this regard.