Business
Finance Minister announces Home Remittance Incentives Scheme worth Rs80bn
She claimed that this would make it possible for remitters to transmit money for free.
![Finance Minister announces Home Remittance Incentives Scheme worth Rs80bn](/media/79714/conversions/7371199371694786753-1280x720.webp)
Islamabad: Finance Minister Dr Shamshad Akhatr has announced Home Remittance Incentives Scheme worth 80 billion rupees to channelize remittances from overseas Pakistanis on Friday.
She told the media in Islamabad that twenty out of the eighty billion rupees have been released swiftly for this purpose.
The Minister explained the basics of this program and stated that the government would pay all fees associated with telegraphic transfers made by Pakistanis living abroad for amounts totaling at least $100.
She claimed that this would make it possible for remitters to transmit money for free.
Additionally, according to Dr. Shamshad Akhtar, the government will compensate participating banks 20 Saudi Riyals for granting the remitters' access to this facility.
Furthermore, Senders can accrue points under a different category of the program called Sohni Dharti and then use those points to redeem for additional rewards.
She said the government will also incentivize the marketing for home remittances. She said the scheme has also designed lucky draws for the remitters who will utilize legal channels to send their money at home.
-
Business 1 day ago
Gold glitters as per tola price jacks up Rs1,000 in Pakistan
-
Weather 2 days ago
Cyclone Asna 170km away from Sindh coast: Chief Meteorologist
-
Regional 1 day ago
More discount on bikes for students
-
Pakistan 2 days ago
Court orders to arrange Imran Khan;s phone call with his sons
-
Business 2 days ago
‘Belt and Road Media Cooperation Forum 2024’ kicks off in Chengdu
-
Technology 2 days ago
Video conferencing feature likely to be launched in X
-
Pakistan 1 day ago
PM Shehbaz, Maulana Fazl discuss political situation
-
Pakistan 2 days ago
CM Maryam inaugurates ‘Back to School’ campaign