Higher remittances by overseas Pakistanis

Overseas Pakistanis sent higher remittances that surpassed $12.7 billion in the first 11 months (July-May) of the current fiscal year 12-13. The high inflow of foreign exchange under this head enabled the country to adhere to IMF’s repayment schedule and neutralise partially the impact of growing trade imbalance.

Diaspora (Overseas) Bond

 SBI pre-feasibility study likely to be completed by December Country Manager, Shore Bank International (SBI), Pakistan, Amjad Ali Arbab said that pre-feasibility study of multi-faceted Diaspora (Overseas) Bond, which his organisation has now embarked upon, will hopefully complete by December 2013 and later its findings would be shared with the …

Saudis are helping Pakistani expatriates to become legal

Abubakar Memon, President of Pakistan business community in Jeddah has said Saudi officials are sympathetic and they are helping Pakistani expatriates to overcome difficulties due to new laws and regulations with regards to illegal foreign nationals staying in Saudi Arabia. In an interview with Pakistan Observer, Abubakar Memon who was here on an invitation from PML …

Overseas Pakistanis deserve incentives

By Saira Rizwan For last two years, overseas Pakistanis (OP) are being discussed, but for all the wrong reasons. The talks of encouraging OP to invest in Pakistan are reminiscent of ‘cash cow’ treatment and takeover of foreign currency account. The politicians and travelling class ofPakistan takes them nothing more than voters and ‘Bed …

Pakistanis sending money through legal channels awarded in UAE

Associated Press of Pakistan Pakistan’s Ambassador to the UAE Jamil Ahmed Khan Sunday awarded commendation certificates to members of the Pakistani community who send their hard earned money to Pakistan through legal channels. Addressing a gathering of Pakistani community in Dubai, he said that  the overseas Pakistanis were showing their interest in sending their …

National policy for overseas Pakistanis approved

ISLAMABAD, May 29 (APP): Prime Minister, Justice (Retd) Mir Hazar Khan Khoso on Wednesday approved National Policy for Overseas Pakistanis for their welfare and protection of their assets. The policy aims at protecting, conserving and providing sustainable tools to improve their working environment and encourage investment. The Prime Minister accorded approval to …