ISLAMABAD: Special Assistant to the Prime Minister (SAPM) on OverseasPakistanis and Human Resource Development (OP&HRD) Sayed Zulfikar AbbasBukhari Monday exhorted the expatriates to refrain from investing in thehousing societies, selling land without obtaining No Objection Certificates(NOCs) from the relevant departments.
Addressing the inauguration ceremony of Pakistan Overseas Real EstateForum, he said the Pakistani diaspora was a major contributor of ForeignDirect Investment that was why protection of their assets was government’spriority.
He said the government was all set to launch first-ever fast-track court toensure speedy retrieval of the expats’ lands from land grabbers. Theinitiative, which was in its final phase, would help dispose of their caseswithin a time-frame of 30 days, he added.
The SAPM said the OP&HRD ministry would launch a drive next week to makesure that all the development authorities would post details of the housingsocieties, having NOCs, on their websites to facilitate the expats inmaking safe and secure investment in the country.
He urged the expats to be vigilant of fraudulent elements and do someresearch before investing in the real estate sector.
Zulfikar Bukhari also asked the developers to only advertise and promotethose schemes that had NOCs, and take advantage of the incentives offeredby the government for affordable housing in line with the vision of PrimeMinister Imran Khan.
He said the government had been offering subsidies and loans to promotemass housing projects so that every middle class and lower-middle classperson could own his/her own house in the ‘Naya Pakistan’, envisioned bythe prime minister.
Pakistan Tehreek-e-Insaf senior leader Senator Faisal Javed Khan saidPakistanis were very fortunate that they had had an honest man at the helmof affairs, who was committed to welfare of poor people and development ofthe country.
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Mentioning start of development work on two dams, he said the country hadbeen changed as historic initiatives were taken in the tenure of presentgovernment.
The senator said prudent economic policies of Prime Minster Imran Khan werepaying dividends as the country was moving forward briskly towardsindustrialization.
He said despite the coronavirus pandemic, the economic indicators werepositive and on upward trajectory and it was just due to the vision andfar-sightedness of the prime minister.
Faisal Javed said the economy was booming as exports went up, currentaccount recorded surplus for the five consecutive months and textileindustry was revived.
He asked the investors to invest enthusiastically in the country as “It isthe right time to invest in Pakistan.”
