Month: May 2013

FPCCI opposes tax on remittances by Overseas Pakistanis

The apex body of trade and industry, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has sharply reacted over the contemplation by Federal Board of Revenue (FBR) to impose tax on the inflows of foreign exchange through remittances. President FPCCI Zubair Ahmed Malik said remittances by the overseas Pakistanis have rescued Pakistan from default …

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Free life insurance cover to overseas Pakistanis

 Offer from Xpress Money to expatriates in Kuwait & Saudi Arabia Xpress Money in association with Union Insurance launched remittance industry’s first free life insurance for overseas Pakistanis working in the Kingdom of Saudi Arabia (KSA) and Kuwait. Designed specifically to suit the blue collared population, this monthly renewable free life insurance scheme is available …

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Bahria Town bags five property awards in Malaysia

Bahria Town has won five awards by the Asia Pacific International Property Awards 2013-14 held in Kuala Lumpur, a press release said on Sunday. Hundreds of real estate developers and architects had gathered from 23 countries including; Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Taiwan, Thailand, and many others participated …

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CDA fails to complete development work in Islamabad Sector D-12

The Capital Development Authority (CDA) has failed to complete the development work in Islamabad Sector D-12 despite the lapse of many years after the allotments of plots to the allottees. The sector was launched in 1989 and the allottees have been waiting for the completion of the uplift work in the sector for last 24 …

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SC seeks detailed record of payments to Iraq-Kuwait war victims

Pakistan The Supreme Court on Wednesday directed the Overseas Pakistanis Foundation (OPF) to present a detailed report regarding the payments to the victims of Iraq-Kuwait war and adjourned the case for ten days. A three-member bench headed by Chief Justice Iftikhar Muhammad Chaudhry resumed hearing in a suo moto case regarding the non-payment of compensation …

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Federal Ombudsman’s steps for Pakistani expatriates appreciated

Associated Press of Pakistan The representatives of overseas Pakistanis on Monday appreciated the initiative of Federal Ombudsman for setting up an exclusive cell to address the complaints of Pakistani expatriates. The members of Board of Governors of Overseas Pakistani Foundation (OPF) in a meeting with Federal Ombudsman (Wafaqi Mohtasib) Salman Farooqui said that the step was …

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Remittances by overseas Pakistanis

NBP signs deals with 30 foreign partners National Bank of Pakistan has made agreement with 30 leading partners abroad for timely delivery of home remittances sent by overseas Pakistanis. Addressing a press conference on Tuesday, SEVP/Group Chief Global Home Remittances Management Group NBP and Chairman of NBP’s Exchange Company Limited Khalid Bin Shaheen said that …

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