Wednesday, 21 January 2009

PAKISTAN: Plan to jack up quantum of remittances to over $12b

By ERUM ZAIDI submitted 1 day ago

KARACHI - The federal government is preparing a plan to jack up annual quantum of the inflow of remittances to over $12 billion a year, sources told The Nation.
The federal govt would offer incentives to the overseas Pakistanis for transferring money through the legal channels, sources said.
They said that the government was considering providing insurance to the expatriates, allot plots to them in the industrial and export processing and offer some other lucrative incentives to attract remittances.
In the current financial year, the government has anticipated inflow of 7.5b dollars remittances, oneb dollars more than the previous financial year. Source

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