There are many investment opportunities in Pakistan for overseas Pakistanis. Each one of these investments has it’s own importance and perks. However, the investment in the real estate sector is a remarkable opportunity for overseas to invest in Pakistan through Pakistan overseas real estate forum (POREF).
What is POREF?
POREF (Pakistan Overseas Real Estate Forum) is an initiative in the real estate development sector that has been established to facilitate overseas and foreigners to attract investment in Pakistan’s real estate industry. This forum works like a bridge between potential overseas investors and Pakistani investors. It’s a platform for foreign direct investments in Pakistan in development projects.
Moreover, if overseas investors invest in Pakistan they have a great opportunity to advertise their developing project by the POREF for 15 days in three countries of the UK, USA, and CANADA at the tradeshows and exhibitions. That will fascinate the other investors and they can directly invest through POREF.
Moreover, it provides an opportunity to offer credible and scam-free projects to the residents living abroad. It removes their concerns and they can invest confidently and without any hesitation.
How much foreign investment is POREF expected to bring into the country?
Pakistan overseas real estate forum is driven by the visionary approach of property field experts. A country’s economy depends greatly on direct investments and POREF can help bring back into the country which is the big hope for POREF.
Thus, the organizer and stakeholders are expecting to reach the target of around 50 billion PKR in the overseas Pakistani market. This platform is giving trustworthiness, reliability, and strong networking to potential investors.
Security of investment is the main fact that has much significance for overseas investors. POREF ensures the investors their investments are in secure and safe hands.
How to register for POREF?
For registration with POREF go to its official website, and click on “registration”. There you have to fill and submit a form with basic information and wait for their response.
Latest Updates on Pakistan overseas Real Estate Forum(POREF)
On the official website of the Pakistan overseas real estate forum (POREF), you will see a separate section for the latest updates. The latest news relevant to real estate will help the visitors to know about the developments.
POREF and the government’s latest initiatives for overseas property investors
Recently, the Government of Pakistan has established the Pakistan overseas real estate forum for overseas investors to make investments in Pakistan which is more convenient with opportunities. For this purpose, the government has created the Roshan digital account in which they can invest in the Roshan Apna Ghar scheme.
In Pakistan’s history, it has happened for the first time that Government launched Roshan Digital Account (RDA) for overseas to facilitate and allow them to invest in Pakistan.
Due to this P.M, Imran Khan termed this a “Game changer”. Roshan Apna Ghar is more flexible and convenient for you can get loans on easy payment terms, spanning between three to twenty-five years.
The real estate industry also benefited from Ex-P.M Imran khan’s construction relief package. He did it when the Covid pandemic engulfed the whole world. He aimed to give opportunities to expand the construction and real estate industry to end poverty and unemployment.
The government of Pakistan in collaboration with the Federal Bureau of Revenue (Federal Board of Revenue) is on one page for the development of real estate projects. Investors can invest without a declaration of their income source in Pakistan’s property projects.
In the end, we can say there is no difficulty for overseas Pakistanis to invest in Pakistan. It is more convenient for the investors to invest with the collaboration of Pakistan overseas real estate forum. POREF is a reliable platform to make sure that overseas investors get secure investments and earn guaranteed returns by investing in authentic and profitable projects.