Home NEWS Pakistan news PM Shehbaz showers incentives to entice expats

PM Shehbaz showers incentives to entice expats

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• Announces revival of ‘green channel’ at points of entry, tax remissions, educational quotas for overseas Pakistanis
• Special courts to be set up in capital for swift resolution of their legal cases; FBR to treat diaspora as ‘filers’
• Army chief praises non-resident Pakistanis, says they are example of ‘brain gain, not brain drain’
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday announced a series of incentives for overseas Pakistanis, including special courts, tax remissions, job quotas, and skill development opportunities to acknowledge their contributions to the country’s development. Addressing the Overseas Pakistanis Convention in Islamabad, the prime minister said the government will also operationalise the ‘green channel’ facility in the next couple of weeks.
In February this year, the premier had said that the Green Channel initiative was a groundbreaking programme to “facilitate smooth immigration and customs processes for overseas Pakistanis”.
Attended by over 1,200 Pakistani expatriates from across the globe, the convention highlighted the contributions of more than 10 million overseas Pakistanis, whom the prime minister described as “the pride of the nation”.
The PM also announced the establishment of special courts for the speedy disposal of cases concerning overseas Pakistanis. The prime minister announced that the special court for overseas Pakistanis had already been established in Islamabad and would be extended to all provinces for the swift resolution of legal cases filed by the expatriates. PM Shehbaz said the facility of recording of evidence on video link in Pakistan’s missions abroad would also be made available. In addition to the e-filing of the cases, an amendment to change the civil courts procedure to prevent fictitious litigation against overseas Pakistanis will be brought immediately, he said.
PM Shehbaz also announced quotas in educational institutions, including a five per cent quota in all chartered universities (out of 10,000 seats) for the children of overseas Pakistanis, 5pc in the federal capital’s degree-awarding institutes, and 15pc in medical colleges. Overseas Pakistanis will now be considered filers by the Federal Board of Revenue (FBR), enabling relief in banking and business transaction taxes. Moreover, the National Vocational and Technical Training Commission will offer 5,000 skill development courses to the children of expatriates, he said.
..Source: dawn.com/news

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