Winners of the annual Emirates Labour Market Award spoke about how they plan to use the money to build their dream houses, start businesses
uae8 hours ago
Pakistan prime minister Imran Khan on Thursday launched two new schemes – Roshan Apni Car (car finance) and Roshan Samaji Khidmat (charity) – for overseas Pakistanis who have Roshan Digital Accounts (RDAs).
Khan said the government attracted $1 billion through 120,000 RDAs and there are around nine million Pakistanis working abroad which can be tapped to attract more foreign exchange reserves.
“If we tap two out of nine million overseas Pakistanis, these remittances figures can be much higher. You have to have think out of box,” Khan said at the launch of new schemes in the presence of senior public and private sector officials.
“In the past one year, we received record remittances and it is just tip of the iceberg of what we have tapped,” he said, adding that tapping overseas Pakistanis is key to fill the current account deficit gap and kept afloat the national economy.
He pointed out that the current account deficit devalues the rupee and also have a negative impact on foreign investments.
Roshan Apni Car
Roshan Digital Account was launched seven months ago to connect on-resident Pakistanis to Pakistan's banking system digitally. RDAs allows NRPs to invest in stock market and real estate sector, pay utility bills and fees.
Senator Faisal Javed Khan said Roshan Digital Account holders can avail financing under Roshan Apni Car at very attractive terms to purchase a car for their loved ones in Pakistan. “Banks are offering both conventional and Islamic modes of financing at attractive mark-up rates starting from seven per cent with priority delivery,” he said.
Dr Reza Baqir, governor of State Bank of Pakistan, said under the Roshan Apni Car scheme, the overseas Pakistanis would be a one click away to digitally purchase a car for their families and friends in Pakistan on reduced mark up and delivery time.
While the second charity scheme – Roshan Samaji Khidmat – would offer a simplified mode for expatriates to send charity and donations to Pakistan, including to its flagship Ehsaas socio-welfare project, said Dr. Baqir.
-waheedabbas@khaleejtimes.com
Winners of the annual Emirates Labour Market Award spoke about how they plan to use the money to build their dream houses, start businesses
uae8 hours ago
10 lucky fans will have the once-in-a-lifetime chance to meet the eight-division world champion
uae attractions9 hours ago
ASAS 2024 brought together over 1,000 young talents from 50 nationalities under the theme 'Art and Innovation'
kt network9 hours ago
While President-elect Trump's administration originally filed the search case against Google during his first term, he indicated he might not break up the company
tech10 hours ago
The gathering explored the cutting edge of cinema, new media, PR and marketing, IT technologies, eSports, and game development
kt network10 hours ago
Passengers were currently being prevented from entering the building
world10 hours ago
Users will be able to select transcript language, too; here's how the new smart tool works
tech10 hours ago
With the new tariff, Yango Ride users can expect comfortable, modern limo vehicles starting from a minimum fare of Dh15.6
kt network10 hours ago