Two Islamabad sectors to be dedicated for overseas Pakistanis

 Finance Minister Senator Muhammad Ishaq Dar directed the Security Exchange Commission of Pakistan (SECP) to draft necessary regulation for the setting up of a Real Estate Regularity Authority to regulate the real estate sector on par with modern jurisdiction.

 He made these observations during the presentation by the SECP at the Finance Ministry on Monday. Senator Ishaq Dar said that the government had decided to dedicate two sectors in Islamabad where overseas Pakistanis could purchase plots of land for which payment would be made in foreign currency. The overseas Pakistanis, the finance minister said, should have the comfort that their investment was secure and the process was transparent.

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Federal Ombudsman’s steps for Pakistani expatriates appreciated

Associated Press of Pakistan

The representatives of overseas Pakistanis on Monday appreciated the initiative of Federal Ombudsman for setting up an exclusive cell to address the complaints of Pakistani expatriates. The members of Board of Governors of Overseas Pakistani Foundation (OPF) in a meeting with Federal Ombudsman (Wafaqi Mohtasib) Salman Farooqui said that the step was significant in redressing the grievances of overseas Pakistanis. The Federal Ombudsman has established a cell in his secretariat to deal with the complaints being received by the Pakistani expatriates.

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ECP opposes online voting facility for overseas Pakistanis

Election Commission of Pakistan (ECP) Monday came out openly opposing online voting facility for overseas Pakistanis in the next elections. ECP said without a proper mechanism in place, enabling overseas Pakistanis to vote would compromise the polls’ transparency

In a report made public on Monday, the ECP said that without a proper mechanism in place, enabling overseas Pakistanis to vote in the coming general election would compromise the transparency of the election process.

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National Savings: Investment by overseas Pakistanis

   PROCEDURE OF INVESTMENT FROM ABROAD

A nonresident Pakistani can make investment in National Savings Schemes from abroad by sending Cheque / Draft in any currency in favour of Officer In-charge of National Savings Centre along with the application form duly filled in and copies of Passport and National Identity Card. The Bank Draft got prepared in Pak rupee from abroad are cleared much earlier than those in foreign currency. It would be more proper if these are also payable at the same city to the National Savings Centre where the investment is intended to be made.

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