Times of Islamabad

PTI government mulls incentive package for boosting foriegn remittances in the country

PTI government mulls incentive package for boosting foriegn remittances in the country

ISLAMABAD – Prime Minister Imran Khan has directed to ensure delivery offull amounts of the remittances, sent by the overseas Pakistanis, to theirfamilies.

The prime minister was presiding over a meeting of the government’seconomic team where an incentive package was proposed for the remittancessent by the overseas Pakistanis through legal channels.

Under the proposed package, banks and exchange companies will be offeredspecial incentives for the promotion of foreign remittances.

The prime minister directed every possible measure to facilitate theoverseas Pakistanis, calling them “an asset for the country”.

Besides enhancement in the incentives for banks regarding the foreignremittances under the package, it was also proposed to reduce the amount ofmoney required for a transaction. Measures are also being taken to furtherimprove the system through the renewal of foreign exchange remittance card.

In order to promote the use of legal channels for sending remittances fromabroad, it was also proposed to launch a promotion scheme, under which theoverseas Pakistani remitters will be awarded prizes through draw.