CM Punjab Approves Online Property Transfer Service for Overseas Pakistanis LAHORE: Punjab Chief Minister Maryam Nawaz has announced plans to develop an online property transfer service designed exclusively for overseas Pakistanis, with the goal of protecting expats from potential fraud. The newly elected provincial leader stressed the importance of this endeavor while chairing a special meeting of...
CDA to Launch New Housing Scheme For Overseas Pakistanis Islamabad: The Capital Development Authority (CDA) is reportedly preparing to launch an exclusive state-of-the-art home property for overseas Pakistanis in the federal capital's attractive Mauza Kuri sector. The project, which is located on a sprawling 14,000 kanal of land near Park Road, promises to...
Gwadar Is Expected To Become A Regional Logistics Center Within Five Years ISLAMABAD, Pakistan: Gwadar will be a logistic center in the area in the next five years, playing a vital role in developing Pakistan's national economy, said Zhang Baozhong, Chairman of China Overseas Port Holding Company, while assessing the project's five-year trip. Zhang Baozhong, Chairman of China Overseas Port Holding...
Investing in Real Estate by Pakistanis Living Abroad Overseas Pakistanis contribute significantly to the national economy. Remittances paid by Pakistanis living abroad assist to stabilize the country's foreign currency reserves and encourage Foreign Direct Investment (FDI). There are around nine million Pakistanis living in various countries, with the majority residing in the Gulf area, including the...
Islamabad: Foreign Minister Shah Mahmood Qureshi urged Egyptian companies to invest in Pakistan by highlighting the incentives the government is offering to foreign investors in various sectors, including housing, energy and health, Radio Pakistan reported on Wednesday, February, 2021. The FM is on an official two-day visit to Egypt at the invitation of it’s Egyptian counterpart, Sameh Hassan...
MODEL ECONOMIC ZONE TO BE SET UP UNDER CPEC: Minister A model economic zone will be set up under the second phase of China-Pakistan Economic Corridor (CPEC) to captivate the interest of overseas Pakistani and Chinese investors’. LAHORE: A model economic zone will be established under the China-Pakistan Economic Corridor (CPEC) to maintain the interests of overseas Chinese and Pakistani investors, while...
SBP allows housing loan on personal guarantee KARACHI: In order to make it easier for banks to extend the financing of low-cost housing, the State Bank of Pakistan (SBP) has allowed banks to accept a personal guarantee from a third party to finance low-cost housing to cover the risks of the mortgage. The news reported on Tuesday, February, 16, 2021 Currently, applicants face...
Imran Khan thanks Overseas Pakistanis for ‘record-breaking’ month of remittances ISLAMABAD: Prime Minister Imran Khan thanked Pakistanis overseas after seeing a record breaking month of remittances of up to $ 2.27 billion in January 2021. Prime Minister Imran Khan said in his Twitter posts: "Good news from the industrial sector, which shows sustained growth." He said large-scale manufacturing saw...
The country took another step towards the digital world with the launching of Raast initiative. It is Pakistan’s first instant payment system. Thus, it enables end-to-end digital payments among individuals, businesses and government entities within seconds. Prime Minister Imran Khan launched the Raast at a ceremony. The initiative is part of the prime minister’s “Digital Pakistan Vision”....
FUNDS SENT BY OVERSEAS PAKISTANIS Prime Minister Imran Khan on Thursday said that funds sent by overseas Pakistanis through Roshan Digital Accounts, crossed $200 million yesterday. State Bank of Pakistan launched Roshan Digital Accounts. "The pace is accelerating," PM Imran said. " First $100 million came in 76 days. In addition, the next $100 million came in only 28 days." Moreover, calling them a...
ILLEGAL HOUSING SOCIETIES IN PAKISTAN There are more illegal than legal housing societies in Pakistan.Over 69% of the country's housing societies are not registered, government documents revealed Tuesday. According to official documents, out of a total of 8,767 housing societies, 6,000 are not registered with the concerned institutions. These 6,000 housing societies are on bogus papers or their papers are...