Govt to introduce residential schemes for expats

January 15, 2021 (MLN): The federal government is going to introduce residential schemes under the smart housing concept to facilitate the nine million overseas Pakistanis, Farrukh Habib, Minister of State for Information and Broadcasting said on Friday, as reported by APP. 

The federal cabinet has given approval for launching the state-of-the-art residential projects for overseas Pakistanis, he added. 

He said Pakistani expats might purchase the apartments through Roshan Digital Accounts (RDA). The project was aimed at attracting remittances through RDA, he noted.

Overseas Pakistanis sent $30 billion in terms of remittances annually through RDA which showed their full trust in the leadership of Prime Minister Imran Khan.

Commenting on the voting rights to Pakistani expats, he said it was the first time that any govt recognized the expats services to the country. All credit goes to PM Imran who was a strong proponent of Pakistanis rights living abroad, he said.

On the sustainability of Naya Pakistan Housing Project, he said nobody can roll back public interest projects, adding that the government engaged the private sector for the purpose.

Banks were taking lead in the government residential schemes as they had distributed loans worth Rs40 billion and approved loans worth over Rs120 billion and loan applications worth over Rs160 billion were received, he added.

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