PM urges Pakistanis abroad to ‘VIP treatment’

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Prime Minister Imran Khan addressing the inaugural ceremony of Sohni Dharti Remittance Program on November 25, 2021 in Islamabad. – PID

ISLAMABAD: Prime Minister Imran Khan on Thursday urged Pakistanis living abroad to give them “VIP treatment” for remittances.

Prime Minister Sohni was addressing the launching ceremony of the Earth Remittance Program (SDRP), which will give points to Pakistanis living abroad for sending remittances through legal channels. Radio Pakistan Reported

The Prime Minister said that 9 million Pakistanis living abroad were “contributing immensely to the national economy”.

Prime Minister Imran Khan said the government appreciated his role in bridging the gap between exports and imports – as remittances sent by him offset some of the growing current account deficit.

The Prime Minister said that the government was committed to provide all possible facilities to Pakistanis abroad to encourage them to send their money through banking channels.

Furthermore, the Prime Minister said that overseas Pakistanis can now buy homes and invest in real estate through the Roshan Digital initiative. He said the government was also working on a plan to give them tax breaks.

For his part, Shaukat Tareen, Advisor to the Prime Minister on Finance, said the program was a “thank you” for Pakistanis overseas.

The adviser said that earlier banks were rewarded for attracting remittances but now for the first time overseas Pakistanis will benefit by scoring points in the app.

“The gap between our exports and imports has been filled by our Pakistanis abroad,” the adviser said.

Meanwhile, SBP Governor Raza Baqir said that all domestic remittances sent from anywhere in the world through legal channels are eligible for inclusion in the SDRP.

In addition, funds received in Roshan Digital Accounts that are used locally through conversions, and thus become non-refundable, are also eligible to join the program.

The Governor termed the launch of SDRP as another step towards digitization and financial inclusion which will play a significant role in digital on boarding of Pakistanis abroad and their beneficiaries in Pakistan.

SDRP’s mobile application is available on Android and iOS platforms.

A statement from the Ministry of Finance said that under the SDRP, if an individual sends remittances up to $ 10,000 or its equivalent in a financial year, he will be given 1% as a reward and will be allotted a green card category. Will be done

Similarly, for remittances sent by an individual between 10,000 10,000 and 30 30,000 or equivalent, the sender will receive a 1.25% reward and will be classified as a Gold Card.

The statement said that in the end, for remittances of $ 30,000 or more, they would be given a 1.5% reward and allotted a Platinum Card category.



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