What is Roshan Apna Ghar Scheme?

What is Roshan Apna Ghar Scheme? Prime Minister Imran Khan introduced on Friday, the “game-changing” Roshan Apna Ghar scheme for Pakistanis living overseas. On-resident Pakistanis can use the Roshan Digital Account to get financing options, according to the State Bank of Pakistan (SBP).

Roshan Apna Ghar Scheme

The State Bank of Pakistan (SBP) announced ‘Roshan Apna Ghar Scheme’, a unique financing facility with easy and reasonable monthly installments, to facilitate abroad Pakistanis (Non-Resident Pakistanis) to invest in residential real estate in Pakistan, in collaboration with commercial banks in Pakistan.

Roshan Apna Ghar Scheme

Prime Minister Imran Khan, Minister of Financial Mr. Shaukat Tarin, Governor State Bank of Pakistan (SBP), Chairman Standing Committee on Information and Broadcasting Mr. Faisal Javed, and other significant figures from the business, finance, and real estate sectors attended the inaugural ceremony. While introducing the package, Governor SBP stated, “The effort of SBP for Non-Resident Pakistanis (NRPs) to buy, build, or repair their properties in Pakistan through own investment or bank financing.”

Minister of Finance Mr. Shaukat Tarin praised the efforts of the SBP and Overseas Pakistanis, saying, “This collaboration is aimed at achieving the bigger goal of promoting investment by overseas Pakistanis — one of Pakistan’s major assets.” He announced that the Ministry of Finance will support the central bank’s efforts to open up new investment opportunities for Pakistanis living overseas.

“Their investment will be totally repatriable, and the transaction will be conducted remotely and digitally. Housing finance is accessible at attractive rates for a duration of 3 to 25 years in both conventional and Sharia-compliant variations, with financing rates starting as low as 3%,”

Roshan Apna Ghar offers simple and accessible options for obtaining housing financing in manageable monthly installments. Customers who want to keep their investment as a claim against their net loan amount as property or get financing without cash collateral will be able to use this facility. Furthermore, as per the already stated criteria under respective tiers, this will be available to all customers of the Govt Mark-up Subsidy Scheme (G-MSS) for housing finance.

What Is Roshan Digital Account?

Roshan Digital Account

The Government of Pakistan (GOP), in collaboration with the State Bank of Pakistan (SBP), introduced ‘Roshan Digital Accounts,’ a digital banking solution for Overseas Pakistanis that provides our highly respected living abroad ease of payment and investment facilities in various sectors of Pakistan, including real estate, stocks, and so on, to enjoy genuine services in their respective countries.

What is the Main Objective of Roshan Digital Account?

Roshan Digital Account is very important Both overseas and in Pakistan. It help overseas to Manage their Investment in their home Land Pakistan. Since its introduction in September last year, the banking system has served over 215,000 foreign Pakistanis and garnered over $2,050 million. Within 8 months, $1 billion in remittances were received, whereas $1 billion was received in less than 4 months.

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