The government is planning to offer tax incentives and concessions to theOverseas Pakistanis under the National Remittance Loyalty Program (NRLP)including duties and tax exemption on the import of different itemsincluding vehicles.
Sources in the Ministry of Finance told Propakistani that a meeting hasbeen scheduled on Friday (January 15) at the Finance Division on the NRLP.The federal government is in the process to introduce a National RemittanceLoyalty Program (NRLP) to facilitate overseas Pakistanis.
Under this program, overseas Pakistani remitters will be providedincentives and rewards (complementary and against earned points) forsending remittances to Pakistan.
A draft agreement to be signed by the participating governmentorganizations including FBR, FIA, PIA, and CAA in order to offerrewards/benefits under the NRPL was shared with the relevant stakeholdersfor their comments and suggestions. The benefits to be offered to theremitters have been specified in the draft agreement, officials said.——————————
Under the draft agreement, separate counters for priority clearance atarrival and departure lounges at all international airports of Pakistan.CAA would place standees/banners with messages of appreciation forremitters with encouraging them to join NRLP free of cost. The FIA willmake these counters effectively operational with dedicated resources.
The staff at special counters for operations would receive special trainingof customers facilitation by the FIA/CAA.
Under the agreement, the FBR will offer duty exemption to the overseasPakistanis under the NRLP, as already available to existing ForeignExchange Remittance Card (FERC) holders, on television, deep freezer,refrigerator, microwave, cooking range, washing machine, air conditionerfor each one item per year and one Mobilelink phonewithout customs duty in a year.
Another important change would be to restrict the scope of import ofautomobiles under the Baggage Scheme to only registered users under theNRLP.——————————
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The FBR is also considering that customs duty payment to be settled throughthe point redemption on the NRLP merchant module. The revenue board willalso offer a discount on taxes on the purchase of locally manufacturedvehicles one in three years under the agreement.
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The renewal of CNIC/NICOP on the redemption of points would be allowed tothe overseas Pakistanis. Moreover, the Passport Office will allow therenewal of the passport to registered NRPL remitters.
The 50 percent discounts would be available at OPF-Schools for children ofregistered NRLP remitters. The special quota for registered NRLP customersin all OPF/Naya Pakistan Housing Authority Housing Schemes. However, thesame may be allowed in accordance with the FE Regulations applicable.
OPF/Naya Pakistan Housing Authorities would be responsible to settle thefee of OPF schools through point redemption on the NRLP merchant module.
Under the draft agreement, the PIA will allow 20 percent extra baggageallowance to the registered NRLP remitters; 10 percent discount oninternational tickets by the PIA.
The payment to “luggage exceeding the limit and 20 percent extra allowanceto be settled through the point redemption of the NRLP and payable ticketcost to be settled through point redemption on NRLP merchant module.
50 percent discount on various government charges for repeat emigrantworkers (going abroad for employment for the second or later time); payablefee to be settled through point redemption on NRLP merchant module.
The amount payable Utility Stores will be settled through point redemptionon NRLP merchant module, they
