Prime Minister Imran Khan unveiled the Sohni Dharti Remittance Programme for Pakistanis abroad to promote official remittance channels. Speaking at the launch, the prime minister encouraged Pakistani overseas people and provided them with VIP treatment with remittances, Further more he said the program launched to reward Pakistani overseas people with points compared to the money they send through legal channels.
Appreciating overseas Pakistanis:
While thanking Pakistanis overseas, the PM said foreign powers had a significant impact on the country’s economy, moreover the government appreciates the role of Pakistani overseas people in bridging the gap between exports and imports. PM Imran said that the Pakistani Tehreek-e-Insaf government is committed to doing everything possible to help foreigners encourage them to send their money through banking transactions.
Pakistanis overseas can now buy houses and apartments invest in real estate through the Roshan Digital program, moreover, Speaking at the event, State Bank Governor Reza Baqir said the program aims to inspire Pakistani overseas people through a digital system and he also said that the PTI-led coalition government is also working to grant Pakistani overseas tax permits.
What is Sohni Dharti Remittance Programme?
Under the point-based loyalty program, Pakistanis abroad will receive prize money for remittances from the appointed sources of the State Bank of Pakistan and the award points will enable Pakistani overseas people to access the services provided by government departments at no cost, however the mobile app will launch to earn points for reward or transfer to other beneficiaries.
Roshan Digital Accounts:
The premier said the government had introduced another program Roshan Digital Accounts (RDAs) in which Pakistani people overseas could buy houses and invest in real estate in their homeland safely and transparently. Investment in RDAs will be safer as the banks involved will check and verify the legal details of the housing association so that Pakistani people overseas are protected from any fraud.
Trade and current account deficits:
Prime Minister Imran noted that Pakistan, which was ahead of countries such as Hong Kong, Singapore, and Malaysia in export trade in the 1960s, is now lagging due to neglect in the past and is facing trade problems and current account shortages. While the country will be experiencing the highest exports this year, other similar economies until the 1960s like Singapore, now estimated at $ 200 billion, and Malaysia, about $ 300 billion, are far ahead of us about annual sales.
Pakistan’s economy is growing and increasing:
The prime minister noted that as the Pakistani economy grows and imports increase, there has been pressure on the current account. When the pressure comes to the existing account, it also puts pressure on the rupee, and we have to get closer to the IMF. He said the only way to get out of this “vicious cycle” was to improve exports and develop the industry, which has been stagnant for many years.
How useful was this article?
Please rate this article
Average rating / 5. Vote count: