Government to launch scheme to boost remittances

ISLAMABAD: Pakistan’s economic managers are all set to launch a major scheme for luring commercial banks to establish joint ventures with hundreds of branches of international banks operating at selected destinations in Gulf, Europe, USA, Malaysia and others to boost up remittances from overseas workers through official banking channels. The …

US$ I billion non-convertible bond to be issued for overseas Pakistanis

ISLAMABAD, May 26 (APP): Finance minister Ishaq Dar Friday, lauding the contributions made by expatriate Pakistanis, announced that the government wanted them to invest in the national infrastructure and in that connection, US$ 1 billion non-convertible bond would be issued. The proposed bond would be floated through establishment of Pakistan …

Information about National Saving Schemes

Defence Savings Certificates Certificates can be purchased from any National Savings Centre (NSC), Pakistan Post Offices (PPO), Authorized branches of Scheduled Banks and State Bank of Pakistan (SBP) by filling in a prescribed form called SC-1, which is available at all the above offices of issue free of cost. A …

Pakistan, UK firms join hands to offer digital remittance services

At a time when remittances to Pakistan slow down, a leading mobile financial services company has partnered with a global digital money transfer firm to attract 5% of total remittance flow to the country. Announcing the formal launch of digital remittance services, in partnership with UK-based WorldRemit, Mobilink International Remittance …

APBF suggests incentives for overseas Pakistanis

Lahore: As the remittances have registered a decline of more than 36 percent, the All Pakistan Business Forum (APBF) has suggested the government to announce incentives for oversees Pakistanis so that the drop in foreign remittances could be controlled, besides boosting investment in the country by Pakistani expatriates. APBF president …