Are you a Non-Resident Pakistani who is looking to invest in Residential or Commercial property in Pakistan?
With Meezan Roshan Digital Account, a Non-Resident Pakistani can buy his/her desired property by paying directly to the seller or constructor without any hassle.
Meezan Roshan Apna Ghar (Self Investment)
To facilitate Non-Resident Pakistanis (NRPs) with owning real estate in Pakistan, the Meezan Roshan Apna Ghar enables NRPs with a Meezan Roshan Digital Account (RDA), allowing them to invest in any residential and commercial property in the Country on repatriable basis.
Some key features of the arrangement are:
- All funds will be invested from Meezan Roshan Digital PKR Account.
- All payments (token money, down payment/advance, payments made in full, partial, tranches, etc.) must be made from RDA – PKR to fully repatriate the proceeds/disinvestments in future.
- A customer can invest in his/her own name or jointly with eligible family members
- (which includes parents, brother, sister, wife, children—lineal ascendant and descendant only).
- Payment to be made directly in favor of seller only.
- Full repatriation of proceeds*.
The Meezan Bank shall conduct proper due diligence and require the customer to submit documents as per the Bank’s internal processes and regulatory guidelines.
*In case of disinvestment before three years, the customer can repatriate funds up to the lower amount of sale proceeds or principal investment amount in PKR on the date of the investment, while the differential amount, if any, and any profit/return earned from eligible investments made out of this amount may be repatriated after the expiry of three years from the date of investment.
