Financial Minister Proposes Development Of New Sector For Overseas Pakistanis

As of late, Finance Minister Ishaq Dar led a state meeting to review a portion of the issues being faced by Overseas Pakistanis and considered the possibility of developing a housing sector for them in Islamabad. While talking about the exponential development of real estate sector in Pakistan, the minister showed full confidence this venture for overseas Pakistanis would offer an invigorating chance of a secure investment besides offering excellent residential facilities with all state of the art amenities.

The main reason behind this decision is to acknowledge the vital role played by the overseas Pakistanis in stabilizing Pakistan's economy. Besides, all the concerned authorities have also emphasized on numerous occasions the part and capacity of abroad Pakistanis in the smooth working of the nation by expanding the foreign exchange of Pakistan through remittances. Moreover, isn't it true that without their powerful commitment, the nation would have been confronting financial crisis and backwardness?

Their remittances have turned into a major source of external cash inflow for the Pakistan economy in the background of drowsy exports and discontinuation of IMF loan. However, it is such a pity that concerned authorities in Pakistan give no consideration to the issues of overseas Pakistanis and their families back home while Pakistani missions abroad stay careless to their predicament in the host nations. Pakistani embassies work like kingdoms in foreign countries and don't really try to create or keep up contacts with Pakistanis living in these nations.

Also, according to Foreign Minister's plan of opening a residential sector for them, it is a decent suggestion in given condition as real estate business is these days booming in Pakistan. Therefore, overseas Pakistanis would be keen on making investments into protected and secure ventures back in their home country.

Not simply Capital Development Authority (CDA) has a poor reputation in building new sectors in the capital buy it has also failed to deliver on promised housing schemes numerous times. A few sectors that were opened a long time back are still waiting for significant development while allottees have lost their hopes.

We trust that Finance Minister and Minister of State for CADD would guarantee that the same would not be repeated for the proposed sector for overseas Pakistanis.