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Consular Services |
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Foreign Exchange Remittance Card |
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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 channelled through
hundi or other means bypass legal conduits and deprive the
country of much needed support. Cognizant of the problem of
diminishing home remittances, the government has initiated
concerted program to facilitate those Non-Resident Pakistanis
who remit money through normal banking channels.
Towards this end, a special package to facilitate the Overseas
Pakistani community has been implemented, comprising the
following salient features |
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Non
Resident Pakistanis remitting foreign currency equivalent to
US$2,500 per annum to Pakistan shall be entitled to : |
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Separate counters for special handling at arrival and
departures lounges at airports.
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Free issuance and renewal of passport on an urgent basis.
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Duty free allowance of personal baggage of a value of US
$1,000
during a calendar year
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Non Resident Pakistanis remitting foreign currency equivalent
to US$10,000 or more shall be entitled to the following
benefits |
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Separate
counters for special handling at arrival and departures
lounges at airports.
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Free issuance and renewal of passport on an urgent basis.
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Duty free allowance of personal baggage of a value of US $2,000
during a calendar year.
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Following facilities which would be available in due course of
time |
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Special quota
to be reserved in the public sector professional colleges
and universities, while maintaining the minimum standards of
the institution.
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An allocation of upto 25% in initial Public Offerings (IPOs).
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Ballot of choice plots in public housing schemes at attractive
prices.
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Discount in auctions of industrial units by Corporate and
Industrial Restructuring Corporation (CIRC).
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Special allocation of shares in privatization of government
owned entities
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free imports of various electrical / machinery items such
as DVD, CD Players, Tape Recorders, Sewing Machines
and Gas Burners has also been allowed.
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How to Apply |
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As soon as
the remitter achieves the remittance target (US$2,500 or
US$10,000) in the stipulated time frame, he may fill in the
prescribed
application form and submit it to the OPF Head Office in
Pakistan or the Pakistani Mission abroad, along with the
Remittance Book in person or through courier service.
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Remittances would ordinarily be acknowledged / stamped into
the Remittance Book through the remitting bank. In case the
remitting banks do not verify the transaction in the
Remittance Book, the remitter may get the acknowledgement
receipt of remitted amount from the bank and get the same
acknowledged / stamped into the Remittance Book by the
foreign Mission/ OPF.
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Upon verification, the embassy staff would send the
application to the OPF Islamabad on a weekly basis for
issuance of Remittance Cards. OPF would return the
manufactured cards to the respective missions abroad for
their onward dispatch to the applicants
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Application From can be
downloaded from here
(PDF Format) |
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For more information
Pakistan
Overseas Foundation
site |
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Back
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About
Pakistan |
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Father of the Nation
Quaid-i-Azam
Mohammad Ali Jinnah |
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Area :
796,095 Sq. km
Population : 180 million |
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Capital : Islamabad |
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