ISLAMABAD: Prime Minister Imran Khan today (Friday) has directed the concerned ministers to consider extending more incentives to overseas Pakistanis to attract maximum remittances.
Chairing a meeting on the increase witnessed in remittances, PM Imran asserted that the government was committed to providing facilities and incentives to overseas Pakistanis and their families.
He termed the overseas Pakistanis an invaluable asset, saying that the remittances were playing a key role in stabilizing the country’s economy. The prime minister stressed the need for steps to provide more incentives to the Pakistanis living abroad.
PM Imran also directed 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 meeting discussed the incentives given by the government to overseas Pakistanis, success of Roshan Digital Account, increase in domestic exports, especially from Information Technology sector, promotion of foreign investment and bilateral agreements concluded with various countries.
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.
The meeting was informed that the ‘National Remittance Loyalty Programme’ would be launched soon to facilitate Pakistani community abroad. Under this programme, a mobile application will be introduced and more remittances will be extended to Pakistanis abroad besides provision of financial incentives.
The programme will be launched in collaboration with Pakistan International Airlines, Federal Bureau of Revenue, National Database and Registration Authority, State Life Corporation of Pakistan, Overseas Pakistanis Foundation, Benevolent and Old Age Employees Fund and other government agencies.
PM’s Adviser 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 Information Technology sector.
