To facilitate overseas Pakistanis for the purchase of residential and commercial property in Pakistan, the State Bank of Pakistan has announced the launch of the Roshan Apna Ghar scheme. The scheme is a part of the product offering under Roshan Digital Accounts for overseas Pakistanis. Under the Roshan Apna Ghar Scheme, non-resident Pakistanis will be able to purchase or obtain financing for a house in Pakistan through RDA.
The Roshan Digital Account has improved the methods of investment for overseas Pakistanis. It has diversified its services in the banking, investment and automobile purchase sector. Now it will also include the purchase of the residential and commercial property.
According to the SBP, the Roshan Apna Ghar is a new lifestyle banking product as it will help overseas Pakistanis buy property from the comfort of their homes. Anyone can buy or finance a house from a bank’s pre-approved projects or any other property. Since the tax regime is simple, the principal amount invested can be remitted abroad without any permission. The profit rates offer good financial incentives and the investment can be carried out in conventional and Shariah-compliant methods.