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Govt to announce special package of incentives for overseas Pakistanis to send remittances

Updated October 12, 2018

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Prime Minister Imran Khan promises to remove procedural issues to make it easier for overseas Pakistanis to send remittances. — Photo courtesy PM Khan's Instagram account
Prime Minister Imran Khan promises to remove procedural issues to make it easier for overseas Pakistanis to send remittances. — Photo courtesy PM Khan's Instagram account

Prime Minister Imran Khan, via Twitter on Friday, announced that the government will announce a "special package of incentives" for overseas Pakistanis to encourage them to send remittances through banking channels.

PM Khan said that by "removing hindrances and procedural issues", the government will be able to increase the inflow of remittances from $20bn to "at least $30bn and perhaps even $40bn".

"The Philippines did this successfully," he added.

PM Khan also vowed to remove problems faced by overseas Pakistanis during the immigration process when they come to Pakistan. He added that Pakistani missions abroad had also been ordered by the government to "look after and deal effectively with the concerns" of overseas Pakistanis.

He assured that his administration will take steps to protect overseas Pakistanis' property and assets in the country, "especially from land mafias".

Overseas Pakistanis form a significant part of PM Khan's administration. Weeks after his party won the July 25 election, Finance Minister Asad Umar declared that the Pakistan Tehreek-i-Insaf government will focus on growing home remittances to supplement foreign exchange inflows.