ISLAMABAD: Caretaker Finance Minister Dr Shamshad Akhatr announced Home Remittance Incentives Scheme worth 80 billion rupees to channelize remittances from overseas Pakistanis.

Addressing media here, she said twenty out of eighty billion rupees have been released immediately for this purpose.

Giving details of this scheme, Minister said government will cover all charges to be incurred on telegraphic transfers of funds worth 100 dollars or above by overseas Pakistanis. She said this will enable remitters to send money free off cost.

Dr Shamshad Akhtar further said that government will pay twenty Saudi Riyals to participatory banks for providing this facility to remitters. Under another category of scheme named Sohni Dharti, remitters can accumulate their points to redeem them for getting extra benefits.

She said government will also incentivise marketing for home remittances. She said scheme has also designed lucky draws for remitters who will utilise legal channels to send their money at home.

Reassuring support of banking channels for home remittances, Minister urged overseas Pakistanis to get befits of this scheme by utilising legal channels of sending money to their loved ones.

Published in The Daily National Courier, September, 16 2023

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