Investment has always been the major factor in the advancement of lifestyle by making an increase in wealth. The investment is done in Pakistan will be the best thing to ponder. As the economy is at boom and our economic policies are being appreciated by the economic forum of the world, so it will be a golden opportunity not only for Pakistanis but also for our overseas residents.
In the current year, P.M Imran Khan has initiated the idea regarding investment policies. He issued investment certificates to boost the foreign exchange reserves for the country. This certificate is basically termed as Naya Pakistan Certificate.
This scheme will facilitate both residents and non-residents of Pakistan, who have declared their assets abroad.
Following the criteria of the plan, investment done in US Dollars will be granted a 7% return and if the investment is done in Pakistani Rupee, the scheme will give an 11% return.
The minimum amount adjusted in the Dollars denominated certificate is $5000 without any maximum limit. While the Pakistani Rupee will be about RS. 100,000 and only then it can become part of the scheme which will increase by 10%.
Islamic Housing Finance for Overseas Pakistani’s:
Islamic Financing scheme is at its peak regarding its importance. NRP is having a strong impact on the economy, as people are financed more through this scheme. The total housing finance in Pakistan is Rs. 110 Billion and Shariah-compliant financing is about Rs. 65 Billion.
Construction activities in the construction sector have a cemented impact on various industries of the country resulting in an increase in employment opportunities.
Roshan Digital Account Scheme:
The overseas Pakistanis can invest through Roshan Digital Account, which is being activated since 2019. State Bank of Pakistan with the collaboration of other 8 banks is playing an initial role in the advancement of the scheme by giving the facility of Digital Payment System. This initiative will facilitate expatriates in opening their bank accounts easily by sitting at home through online procedures.
Roshan Apna Ghar Scheme for NRP’s is offering 2 types of financing facilities.
Lien Based Non- Lien BasedLein Based financing means that the NRP’s can avail of the opportunity of house finance against a lien on their Roshan Digital account deposit balances or Naya Pakistan certificates. Roundabout 100 % property value will be financed on buying or construction of Real Estate.
Non-Lien-based financing refers to typical housing finance offered against the mortgage of the property. Bank will provide up to 85% property value for buying and constructing a house while 30% of the property value of renovating the house.
Pakistan has always worked for the comfort of its residents and for overseas residents. We should appreciate such successful steps taken by the Government which is actually boosting the economy of the country.
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