In order to attract inflow, the government is considering employing global advertising companies to promote the plan globally. A residential facility for Pakistani living abroad will be developed in Park Avenue, Zone-4, Islamabad, as a component of the Roshan Digital Account idea. Remittances sent home by overseas Pakistanis are an essential component of Pakistan’s foreign currency reserves, per the chairman of the Interior Department and Capital Development Authority (CDA).
Prime Minister Imran Khan, the current government’s leader, has long valued the assistance of Pakistanis living abroad, who contribute billions of dollars in remittances. Transactions, asset acquisitions, and other activities fall within this category. The government has taken several initiatives to assist them, including starting a new initiative to give them access to better housing and planning to construct a housing complex for Pakistani migrants soon. You should describe everything else in this development program in this blog, and you should read it when you’re from Pakistan. A residential project for foreign Pakistanis will be developed at Park Road Zone IV in Islamabad as part of the Roshan Digital Account effort to satisfy the same aim of encouraging investment.
A recent meeting held on Tuesday, January 18th, 2022, was briefed on the decision. Housing Project for Overseas Pakistanis at Park Road, Zone-4, Islamabad under Roshan Digital Account Incentives was the title of the project’s synopsis. The remittance sent home by Pakistanis residing abroad is a critical element of Pakistan’s forex reserves, according to the chairman of the Interior Department and the CDA.
About Residential Project For Overseas Pakistanis
Around 2020, the Pakistani government established its Roshan Digital Account, a system that lets abroad Pakistanis living anywhere around the world invest in Pakistan to use all online payment systems services. Thousands of non-Pakistani residents created RDAs to stay ahead of the facilities, and vast amounts of money were invested in New Pakistan Certificates (NPCs) as a result of the movement. For Roshan Digital Account users, the Roshan Apna Ghar, Roshan Apni Car, and Roshan Samaaji Khidmat initiatives were implemented thus far.
The government’s initiative to construct a residential project for Pakistanis living abroad is also being launched through the Roshan Digital Account. The government hopes to lure billions in investment from diverse groups of Pakistanis living in dozens of other countries. Park Enclave Heights is the name of the development. This is a contemporary and revolutionary project, according to plans, that would build Pakistan’s capital using worldwide construction standards by world-renowned architectural firms.
Location Of Park Enclave Heights
Overseas Pakistanis are an important commodity for the country, and the revenue they bring home in the form of remittances is responsible for a large percentage of Pakistan’s foreign reserves. The project is being created within Islamabad to reward their accomplishments and give them the development of residential investment options back home. Parks Enclave Height will just be built off Park Road in Zone 4, just a few minutes from Islamabad’s Central Business District as well as the city’s new international airport. Everything else in the city will be well within residents’ reach thanks to a road network and transport services.
Features Of Park Enclave Heights Apartments
The project, which is already being built on a large scale, is expected to cost USD 700 million and would be carried out by Capital Development Authority (CDA) and the Islamabad Investment Fund Ltd (IDFL). That project should be completed in stages, with the very first involving the development of 6,000 flats.
The residential project for Pakistanis living abroad is anticipated to produce USD 2 billion in remittances. The project is well-facilitated, as well as the government’s development strategy emphasizes that. The 6,000 units that’ll be constructed will range in size from 970 sq ft to 2,300 square feet. The inventory will range from one to five-bedroom homes. Staff dormitories, a building department system, security monitoring, utilities, or other civic conveniences would be included in the project, allowing residents to maintain the life they have always desired.
For the advertising and selling of the units in just this construction project, this was recommended that worldwide marketing firms be employed and engaged. Let’s look at what marketing firms are looking for.
Criteria For Marketing Agencies
The marketing companies chosen will be in charge of marketing, promoting, selling, and offering other services to Pakistanis living in other countries. The requirements for marketing agencies must be shown in the open advertisement, which also will meet the Public Procurement Regulatory Authority’s standards (PPRA).
The applicants for the project must have operations in at least two different places. Companies must have an office in the United States, Australia, New Zealand, the United Kingdom, or even the Organisation Of Islamic cooperation. The authorities will also give the agencies an approved application form which would be delivered as a service to foreign Pakistanis with an RDA. For greater coverage, the authorities will post a similar application on their official websites. A fee of 1% of the price of each unit sold would be paid to organizations for marketing, promoting, marketing, selling, or other connected activities.
What is the best way to apply for apartments?
Applicants may apply for flats through marketing companies or by sending their application services to IDFL. The membership cost is USD 1,000, and units will be assigned on a first-come, first-served system through Roshan Digital Assets (RDA). The date and time of the joining fee payment will decide which applications are given priority. The vista of Park Enclave Heights comes to a close at this point.
Stay tuned to Feeta Blog to learn more about Architecture and Interior Design.