ISLAMABAD – Prime Minister Imran Khan on Friday launched ‘Roshan Apna Ghar’ program for overseas Pakistanis to acquire property in Pakistan through their Roshan Digital Accounts.
Addressing the launching ceremony on Friday, the prime minister said that the initiative will brought economic benefits for the overseas and will prove a game-changer project.
He termed overseas Pakistanis as huge asset of the country, adding that unfortunately, potential of the overseas Pakistanis has never been tapped.
PM Imran said that worth of nine million overseas Pakistanis’ assets abroad is equal to the total GDP of the country.
He highlighted that Ease of Doing Business has improved in the country and efforts are on to enhance it further.
The prime minister said the Roshan Apna Ghar scheme will provide a guarantee to the investors and will bring dollars to reduce current account deficit.
Non-resident Pakistanis can now easily buy or obtain financing with the comfort of sitting in their houses abroad without the need to visit a bank branch. They can buy or finance a house from bank’s pre-approved projects or any other property.
The tax regime is simple and final. In case of sale of property, the principal amount invested can be remitted abroad without needing any permission, the State Bank of Pakistan said in a statement.
