Remittance loyalty programme on the cards

Published July 3, 2021
Under the programme, a mobile application will be introduced and more remittance facilities will be extended to overseas Pakistanis besides provision of financial incentives.— AFP/File
Under the programme, a mobile application will be introduced and more remittance facilities will be extended to overseas Pakistanis besides provision of financial incentives.— AFP/File

ISLAMABAD: Prime Minister Imran Khan has said the government will soon launch a `National Remittance Loyalty Programme’ for overseas Pakistanis to provide them incentives for their contributions to the country’s development.

While presiding over a meeting on remittances on Friday, the prime minister highlighted the need for taking measures to provide more facilities to the Pakistanis living abroad.

The programme will be launched in collaboration with Pakistan International Airlines (PIA), Federal Bureau of Revenue (FBR), National Database and Registration Authority (Nadra), State Life Insurance Corporation (SLIC), Overseas Pakistanis Foundation (OPF), Benevolent and Old Age Employees Fund and other government agencies. The overseas Pakistanis associated with this programme will receive benefits from these institutions.

Under the programme, a mobile application will be introduced and more remittance facilities will be extended to overseas Pakistanis besides provision of financial incentives.

PM promises incentives for overseas Pakistanis to be registered with the facility

Mr Khan observed that the overseas Pakistanis were invaluable asset of the country as their remittances were playing a key role in stabilizing the country’s economy.

He directed the authorities concerned to devise a comprehensive strategy regarding the foreign exchange and other economic needs in view of stability of economic growth and asked the relevant ministries to set targets.

The State Bank of Pakistan informed the meeting that the government’s policy of providing attractive incentives to Pakistanis abroad in terms of remittances was showing positive results.

The meeting was informed that Roshan Digital Account had so far received $1.561 billion in just 10 months.

It was highlighted that remittances had been steadily increasing since the financial year 2018 despite the coronavirus pandemic, which reflected the confidence of overseas Pakistanis in the policies of Prime Minister Imran Khan.

The meeting was updated on the achievements related to Roshan Digital Account, Roshan ‘Apni (own) Car’ scheme and Roshan Samaji Khidmat (social service).

Also, the ‘Roshan Apna Ghar’ is on the cards to provide houses on soft loan.

Adviser to the prime minister on commerce Abdul Razak Dawood gave a detailed briefing on the possible growth in exports in various sectors, especially in harnessing the country’s potential in the IT sector.

The Board of Investment informed the meeting that all-out efforts were being made to facilitate foreign investment and ensure ease-to-do business.

The meeting was attended by finance minister, minister for economic affairs, commerce adviser, special assistants to the premier for national security and revenue and other senior officials.

In a separate meeting, the premier said Leh Business District and Gujranwala Development Plan would generate numerous economic activities with the citizens being their direct beneficiaries.

He also advised for formulating alternative plans to obtain better economic benefits from the projects.

The prime minister instructed the participants in the meeting to achieve the targets set for the projects within the stipulated timeframe.

Briefing on Rawalpindi Leh Business District, Adviser to CM Dr Salman Shah said the project comprised construction of expressway on both sides of sewer Nullah Leh, its cleaning as well as development of business district.

Later, Gilgit-Baltistan Chief Minister Khalid Khurshid called on Prime Minister Khan and briefed him about various matters pertaining to Gilgit-Baltistan including its budget.

He apprised the prime minister about the measures being taken for turning GB into a tourist destination of international standard, health and education facilities, provision of scholarships to students, and social protection to the people through government’s Ehsaas programme.

In a farewell meeting with Ambassador of Azerbaijan Ali Alizada, Mr Khan said Pakistan highly valued its close brotherly ties with Azerbaijan, and hoped that bilateral relations would be further strengthened, including through regular high-level exchanges.

Published in Dawn, July 3rd, 2021

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.



Price bombs
Updated 18 Jun, 2024

Price bombs

It just wants to take the easy route and enjoy the ride for however long it is in power.
Palestine’s plight
Updated 17 Jun, 2024

Palestine’s plight

While the faithful across the world are celebrating with their families, thousands of Palestinian children have either been orphaned, or themselves been killed by the Israeli aggressors.
Profiting off denied visas
Updated 19 Jun, 2024

Profiting off denied visas

The staggering rejection rates underscore systemic biases in the largely non-transparent visa approval process.
After the deluge
Updated 16 Jun, 2024

After the deluge

There was a lack of mental fortitude in the loss against India while against US, the team lost all control and displayed a lack of cohesion and synergy.
Fugue state
16 Jun, 2024

Fugue state

WITH its founder in jail these days, it seems nearly impossible to figure out what the PTI actually wants. On one...
Sindh budget
16 Jun, 2024

Sindh budget

SINDH’S Rs3.06tr budget for the upcoming financial year is a combination of populist interventions, attempts to...