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Remittances
by Overseas Pakistanis, through normal banking channels, are
a vital source of balance of payments support for the
country. Funds channeled through Hundi or other means bypass
legal conduits and deprive the country of much needed
support. Cognizant of the problem of diminishing home
remittance by government has initiated concerned program to
facilitate those Overseas Pakistanis who remit money through
normal banking channels. |
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Towards this end, a special
package of Foreign Exchange Remittance Card (FERC) has been
implemented to facilitate the Overseas Pakistanis community.
Five categories of remittance cards are offered to those
overseas Pakistanis who remit US$ 2500 to US$ 50,000 in a
year. A wide range of incentives are being offered to the
Foreign Exchange Remittance Card holders under this scheme.
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