ISLAMABAD, Pakistan: Prime Minister Imran Khan on Friday launched Roshan Apna Ghar, an initiative aimed at making it easier for Overseas Pakistanis to buy a house in Pakistan.
The initiative is being launched as part of the Roshan Digital Account with a view to counter difficulties faced by Overseas due to a host of manual procedures, the requirement of the physical presence of the buyer, and frauds and forgeries.
Further, there has been almost no financing facility for Overseas Pakistani to buy houses for their families in Pakistan.
Now, the Roshan Apna Ghar initiative will allow Overseas Pakistanis to invest in Pakistan’s real estate sector or obtain financing from banks at very attractive rates.
The whole process of lodging investment/financing request, loan approval, documentation, and disbursement is digital enabling the buyers to buy the properties or obtain finance digitally in Pakistan from anywhere in the world.
While addressing the launching ceremony in Islamabad, Prime Minister Imran Khan said that the Roshan Apna Ghar scheme will provide a guarantee to the investors and will bring dollars to reduce current account deficit, which will also help to have a sustainable growth in the Country.
Terming Overseas Pakistanis as huge asset of the Country, he said that unfortunately, potential of Overseas Pakistanis has never been tapped.
The prime minister said that worth of nine million Overseas Pakistanis’ assets abroad is equal to the total GDP of Pakistan which is a big source of investment to Pakistan.
Imran Khan said that huge impediment in investment from Overseas Pakistanis is corruption in the Country. He said that ease of doing business has improved in the Country and efforts are on to enhance it further.
