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

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

ISLAMABAD - Prime Minister Imran Khan has directed to ensure delivery of full amounts of the remittances, sent by the overseas Pakistanis, to their families.

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

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

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

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

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

Pakistan