This makes sense. I see remittances increasing to previous levels due to change and crackdown on illegal channels. However, Imran's trust in OSP is misplaced. Overseas Indians did not immediately invest back into their country until the environment had changed significantly and there was already tremendous FDI.
Pakistan would literally need to be a different country before OSP decide to invest big. PTI should focus on:
1. widening tax net by digitizing undocumented economy
2. Restrict real estate and divert local investment into more productive sectors. This will help increase manufacturing, agriculture, exports.
3. Help startups by providing loans, management advice, etc.
4. Create new courts solely for business, enforcement of contracts, resolving business, patent, property disputes. Regular courts should be banned from hearing such cases.
5. Restart city development projects like RUDA, Bundal Island, etc. But only allow foreign companies to invest & build - to prevent the usual locals from wasting money on real estate like they always do and to ensure quality standards remain high. If modern looking cities are built in Pakistan with skylines, you will not only bring OSP investment, but their residence as well.
I think it's stupid how almost every other country in Asia has better city skylines than Pakistan. Karachi is just an endless zone of illegal housing as far as eye can see. Meanwhile, no one knows why Lahore even needs a metro. Housing societies should be restricted for the next decade, allowing only high-rises. Make sure all landowners are documented & brought into tax net. Limit their holdings.