SBP to initiate Roshan Apna Ghar scheme this week

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KARACHI: The State Bank of Pakistan (SBP) is set to launch Roshan Apna Ghar scheme this week. The scheme will allow non-resident Pakistanis to buy real estate in their homeland. 

The SBP released the plan on Wednesday through a statement. 

“The non-resident Pakistanis can now purchase or obtain financing for houses in Pakistan through the Roshan Digital Account,” the statement said. “The Roshan Digital Account is a major initiative of the State Bank of Pakistan, which was launched on September 10, 2020 in collaboration with commercial banks operating in the country.”

The central bank pointed out that these accounts provided innovative banking solutions for millions of non-resident Pakistanis seeking to undertake banking, payment and investment activities in Pakistan.

Under the scheme, the government has introduced several financial products – Roshan Apni Car for car financing, Naya Pakistan Certificates for investment and Roshan Samaaji Khidmat for contributions to charities. 

“Roshan Apna Ghar is a new lifestyle banking product in the same category,” the statement further said. “Non-resident Pakistanis can now easily buy or obtain financing from the comfort of their homes abroad without the need to visit a bank branch.”

 

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