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Pakistan Tehreek-e-Insaf (PTI) government deserves credit for creating a scheme for overseas Paksitanis through which it has accumulated over $500 million of much needed foreign exchange and facilitated the diaspora.

Tahir Malik Profile Tahir Malik

Roshan Pakistan Accounts are without a doubt one of the best steps taken by the incumbent government.

At a ceremony to mark the occasion, Prime Minister Imran Khan said that over 88,000 accounts had been opened from 97 countries within five months. He said that overseas Pakistanis were a big asset for the country. As for the $500 million, he said that unless the rupee becomes stronger, the econmy won’t prosper.

The greenback is, after all, like oxygen for the country. The government claims it has returned loans worth Rs. 6,000 billion. On the other hand, loans increased by Rs.1, 000 billion.

The bitter truth of the matter is that for now, Pakistan’s economy is heavily reliant on dollars. Accumulating foreign reserve through overseas Pakistanis is one way of elevating the lives of the people within the country. The treasury needs Roshan Pakistan Accounts. It is one of those rare economic phenomenon, within which lies just victory, with no foreseeable adverse effects.

What exactly is the scheme? Pakistanis who live or work abroad or have declared assets abroad can open online accounts in nine of the biggest banks in Pakistan. Through these accounts they can deposit money or invest in treasury bonds, stock exchange or Naya Pakistan certificates. All that is required are photos, ID cards, passport copies and proof of living or working abroad.

Previously, it was a tedious and difficult process to open a bank account in Pakistan if one lived outside the country. One of the baffling requirements was to be present inside Pakistan. But now, within 48 hours, every overseas Pakistani can have an account, wherever he may be working or living.

Through the Naya Pakistan certificate, nonresident Pakistanis can get a profit of 7% if they invest in the greenback for 5 years. For tenures of 6 months, the rate of return is 6%. If they choose to invest in Pakistani Rupee, they can avail profit of 11% for a 5 year tenure and 10% for a 6 month tenure. Such generous returns on safe investment are. Right now, exceedingly rare.

The investment of $500 million within five months is proof aplenty that overseas Pakistanis are willing to trust the government and the brilliant scheme that is Roshan Pakistan Accounts.

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Sanam Javed, Aliya Hamza apprehended in one more case

It should be noted that earlier ATC had approved bail plea of Sanam Javed and Aliya Hamza in police station Shadman attack case on May 9.

Published by Qurrat Tul Ain

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Lahore: Police has apprehended Pakistan Tehreek-e-Insaf’s (PTI) leaders Aliya Hamza and social media activist Sanam Javed in one more case which was filed in Mianwali.

According to the details, jail officials will be presenting the accusers in anti-terrorism court (ATC). Mianwali police will be pleading the corridor remand of Aliya Hamza and Sanam Javed.

It should be noted that earlier ATC had approved bail plea of Sanam Javed and Aliya Hamza in police station Shadman attack case on May 9.

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Punjab assembly changed into polling station for senate elections

It should be noted that the senate elections will be held on the seat of technocrat, minority and women in Punjab assembly on April 2.

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Lahore: Punjab assembly’s house has been changed into polling station for senate elections ahead on April 2.

According to the details, speaker Punjab assembly issued the notification regarding that matter under the given authority.

It is stated in the notification that Punjab assembly’s house will be a polling station for senate elections. For that purpose, the polling will be conducted from 9am in the morning to 4pm till evening.

It should be noted that the senate elections will be held on the seat of technocrat, minority and women in Punjab assembly on April 2.

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Pakistan

Pakistan High Commission organizes Pakistan Day reception in Delhi

The guests were treated to traditional Pakistani food and documentaries of Pakistan's beautiful places and national heritage were also showcased.

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New Delhi: A reception related to Pakistan Day was organized by the Pakistan High Commission in the Indian capital, New Delhi.

Political leaders, diplomats, business community and civil society representatives including prominent Muslim personalities of Delhi also participated in the reception of Pakistan High Commission.

On this occasion, Regulator of affairs Saad Ahmed Warraich welcomed the distinguished guests at Chancery Lawn and highlighted the importance of Pakistan Day.

Saad Ahmed said in his address that the historic resolution in Lahore on March 23, 1940 became the foundation of Tehreek-e-Pakistan. “Pakistan has made important progress towards strengthening democracy, Pakistan has also made progress towards promoting independent media and active civil society”.

He stated that the founders of Pakistan and India envisioned a cordial relationship between the two countries. Unfortunately, the history of our bilateral relations has been full of challenges.

The era of perpetual conflicts and tensions is not our destiny. Peace and harmony can create a future of hope for the people through mutual respect and the goal of peace and stability in the region can be achieved by promoting mutual understanding, while peace and stability can be established in the region by resolving long-standing conflicts including Jammu and Kashmir, added Regulator of affairs.

Apart from this, the guests were treated to traditional Pakistani food and documentaries of Pakistan's beautiful places and national heritage were also showcased.

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