Pakistani-US Investor’s blueprint for success in Pakistan’s real estate

It wasn’t long ago when the exchange rate of the US dollar against the Pakistani rupee stood at just PKR100. However, in a matter of a few years, the dollar soared to unprecedented heights, peaking at PKR300. Despite various efforts to stabilize the rupee, the exchange rate has stubbornly refused to dip below PKR270.

The pressing question is: How can Pakistan bring down the dollar’s value? Numerous strategies have been proposed, but one of the most prominent solutions revolves around bolstering the country’s foreign reserves. For this purpose, successive governments have repeatedly turned to overseas Pakistanis, urging them to send more remittances to Pakistan.

To their immense credit, overseas Pakistanis have consistently stepped up to support their homeland. For example, in 2024 alone, remittances from overseas Pakistanis surged by an impressive 34 percent, showcasing their unwavering commitment to Pakistan’s economic well-being.

While overseas Pakistanis continue to play their part, a crucial question remains unanswered: Is Pakistan doing enough to provide these expatriates with the facilities and incentives they need to invest in the country?

The primary demand of overseas Pakistanis is the creation of a business-friendly and investment-friendly environment that allows them to channel their resources into large-scale projects back home. This demand is neither unfair nor unrealistic—it is their right. Moreover, meeting this demand would not only benefit overseas Pakistanis but also open up significant economic opportunities within Pakistan.

Interestingly, the devaluation of the rupee, which has burdened citizens within Pakistan, has created a unique advantage for expatriates. With increased purchasing power, overseas Pakistanis now have a golden opportunity to invest in Pakistan on a larger scale than ever before.

However, Pakistan’s investment landscape remains limited. Secure and profitable options are few and far between. While some may argue that the booming stock market or surging Bitcoin prices following Donald Trump’s political comeback, these options are inherently speculative and carry significant risks. They lack the stability that investors, especially expatriates, seek when putting their hard-earned money into a foreign economy.

In contrast, the real estate sector stands out as a relatively stable and reliable investment option. Unlike speculative ventures, real estate involves tangible assets, offering investors clarity and control over their purchases. Yet, this sector is not without its challenges. The risk of fraud in land transactions remains a major concern. However, the entry of trustworthy players could revolutionize this sector and unlock its true potential.

One such reliable name is Dr Anosh Ahmed, a Pakistani-American entrepreneur who has already made a mark in healthcare, real estate, and philanthropy in the United States. Having recently expanded his operations to Dubai, Dr Anosh is now setting his sights on Pakistan.

Dr Anosh is the founder of Anosh Inc., a private equity investment firm specializing in healthcare, telehealth, and other sectors. Established in 2006, the firm has facilitated deals worth over $150 million, partnering with medical schools, clinics, hospitals, and real estate projects.

Dr Anosh envisions a real estate sector in Pakistan that not only offers affordable and sustainable housing but also provides essential infrastructure such as hospitals, schools, and other critical facilities.

Before turning to Pakistan, Dr Anosh chose Dubai for its business-friendly environment, particularly its attractive tax policies. He highlights that the UAE’s zero corporate and income tax policies for most industries make it a magnet for global investors.

He firmly believes that if Pakistan adopts similar investor-friendly policies and ensures a seamless infrastructure, the real estate sector could flourish.

He plans to launch his investments in Pakistan with an initial focus on Islamabad and Lahore. Recognizing that buying a home is often a once-in-a-lifetime investment involving an individual’s life savings, Dr Anosh emphasizes the importance of delivering high-quality projects that offer real value for money.

For him, real estate is not just about construction; it is about fulfilling dreams. He advocates for developing projects that provide affordable, comprehensive solutions, ensuring residents have access to all essential facilities. Moreover, he is committed to sustainability, designing eco-friendly developments that address Pakistan’s vulnerability to climate change.

Given his proven track record in the United States and his rapid success in Dubai, Dr Anosh’s vision for Pakistan’s real estate sector holds immense promise. Countries like the US and UAE uphold stringent standards for real estate projects, and his experience in adhering to such protocols makes him a credible and dependable investor for Pakistan.

The arrival of entrepreneurs like Dr Anosh in Pakistan’s investment landscape is a promising development—not only for local citizens but also for overseas Pakistanis. For years, expatriates have sought secure and viable investment opportunities in their homeland, but many have been deterred by a lack of options.

Now, the onus is on the Government of Pakistan to act decisively. By offering incentives and ensuring a secure investment environment, the government can boost investor confidence and encourage economic growth. With the right policies in place, Pakistan’s real estate sector has the potential to drive national development and create prosperity for all stakeholders involved.