SBP to launch Roshan Apna Ghar Scheme

Web DeskWeb Editor

26th Aug, 2021. 01:28 pm

KARACHI: The State Bank of Pakistan (SBP) has announced the launch of Roshan Apna Ghar Scheme for Overseas Pakistanis, a statement said.

The State Bank of Pakistan will launch the scheme this week for non-resident Pakistanis for acquisition of property in Pakistan.

The non-resident Pakistanis can now purchase or obtain financing for a house in Pakistan through the Roshan Digital Account.

The Roshan Digital Account is a major initiative of the State Bank of Pakistan, launched on September 10, 2020, in collaboration with the commercial banks operating in Pakistan, it said.

These accounts provide innovative banking solutions for millions of the non-resident Pakistanis, seeking to undertake banking, payment and investment activities in Pakistan.

Under the initiative, several financial products have been provided to the overseas Pakistanis, including Naya Pakistan Certificate for investment, Roshan Apni Car financing and Roshan Samaaji Khidmat for donation to charities.

Roshan Apna Ghar is the new lifestyle banking product in the same category. The non-resident Pakistanis can now easily buy or obtain financing with the comfort of sitting in their houses abroad without the need to visit a bank branch, the statement said.

They can buy or finance a house from the bank’s pre-approved projects or any other property. The tax regime is simple and final. In case of sale of property, the principal amount invested can be remitted abroad without needing any permission.

The profit rates are attractive. Financing is available in both conventional and Shariah-compliant versions, it added.

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