National Remittance Loyalty Programme for overseas Pakistanis on the cards

Tariq Butt, Correspondent

Pakistan Prime Minister Imran Khan has said that the government will soon launch a “National Remittance Loyalty Programme” for overseas Pakistanis to provide them incentives for their contributions to Pakistan’s development.

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

READ MORE

In thousands of tweets, Pakistanis show empathy for Indians hit by second virus wave

India coronavirus death toll tops 400,000

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.

Prime Minister Imran Khan speaks during an event. File photo

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

Khan said that the overseas Pakistanis were an 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 (SBP) 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 the prime minister.

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.