Foreign remittances increased by 50% in July

Overseas Pakistanis Foundation (OPF) Managing Director Iftikhar Hussain Babar on Friday said the foreign remittances increased by 50 percent during the first month of the fiscal year 2013-14. He said the remittances increased due to the incentives offered by OPF to expatriates. Overseas Pakistanis are offered with various incentive cards …

Exchange companies directed to retain copies of customer CNIC

KARACHI: In order to strengthen anti-money laundering laws, State Bank of Pakistan (SBP) has directed all the exchange companies to retain copies of identification documents of their customers making outward transactions and other transactions equal or above $2,500. In a circular issued on Tuesday, the central bank also directed the …

Overseas Pakistanis amply contributing to national development: PM

Associated Press of Pakistan Prime Minister Muhammad Nawaz Sharif on Wednesday said the government was fully committed to the welfare of overseas Pakistanis, amply contributing for national economic development. The Prime Minister termed the overseas Pakistanis  an asset while talking to Javed Malik, who