{"id":102884,"date":"2025-07-28T11:06:30","date_gmt":"2025-07-28T06:06:30","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=102884"},"modified":"2025-07-29T11:09:39","modified_gmt":"2025-07-29T06:09:39","slug":"workers-remittance-incentive-scheme-extended","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/workers-remittance-incentive-scheme-extended.html","title":{"rendered":"Workers\u2019 Remittance Incentive Scheme extended"},"content":{"rendered":"\n

Islamabad: Prime Minister Shehbaz Sharif on Saturday announced the extension of the government\u2019s remittance incentive scheme aimed at encouraging overseas Pakistanis to send money through formal banking channels.<\/p>\n\n\n\n

The initiative \u2014 officially titled the Workers\u2019 Remittances Incentive Scheme \u2014 is designed to strengthen Pakistan\u2019s foreign exchange reserves and support external account stability by incentivizing the use of legal and transparent remittance systems.<\/p>\n\n\n\n

In a directive to the Ministry of Finance, the Prime Minister ordered the immediate release of funds on a priority basis to ensure the continuation of the scheme without disruption.<\/p>\n\n\n\n

Read: IMF pushes for overhaul of remittances initiative<\/a><\/p>\n\n\n\n

The decision follows a record-breaking USD 38.3 billion in remittances received during the financial year 2025 \u2014 the highest ever in Pakistan\u2019s history. The robust inflows were instrumental in helping the country post a current account surplus for the first time in 14 years.<\/p>\n\n\n\n

\u201cOverseas Pakistanis are our strength and a valuable national asset,\u201d said PM Shehbaz, acknowledging the contribution of expatriates \u2014 from migrant workers to business professionals \u2014 in stabilizing Pakistan\u2019s economy.<\/p>\n\n\n\n

He noted that remittances have played a critical role in managing the country\u2019s import bill and shoring up its foreign exchange reserves. The government, he added, remains committed to removing obstacles in the remittance process and making the system more efficient and accessible.<\/p>\n\n\n\n

The continuation of the remittance incentive scheme is seen as a key part of broader economic reforms aimed at formalizing foreign inflows, reducing reliance on informal channels, and maintaining financial stability.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Islamabad: Prime Minister Shehbaz Sharif on Saturday announced the extension of the government\u2019s remittance incentive scheme aimed at encouraging overseas Pakistanis to send money through formal banking channels. The initiative \u2014 officially titled the Workers\u2019 Remittances Incentive Scheme \u2014 is designed to strengthen Pakistan\u2019s foreign exchange reserves and support external account stability by incentivizing the use of legal and transparent remittance systems. In a directive to the Ministry of Finance, the Prime Minister ordered the immediate release of funds on a priority basis to ensure the continuation of the scheme without disruption. Read: IMF pushes for overhaul of remittances initiative The decision follows a record-breaking USD 38.3 billion in remittances received during the financial year 2025 \u2014 the highest ever in Pakistan\u2019s history. The robust inflows were instrumental in helping the country post a current account surplus for the first time in 14 years. \u201cOverseas Pakistanis are our strength and a valuable national asset,\u201d said PM Shehbaz, acknowledging the contribution of expatriates \u2014 from migrant workers to business professionals \u2014 in stabilizing Pakistan\u2019s economy. He noted that remittances have played a critical role in managing the country\u2019s import bill and shoring up its foreign exchange reserves. The government, he added,…<\/p>\n","protected":false},"author":18,"featured_media":101697,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[37671,66620,46247,66623,7793,66622,62065,12669,1685,34475,66618,66619,61118,65948,63987],"persona":[],"class_list":{"0":"post-102884","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-current-account-surplus","9":"tag-diaspora-contributions","10":"tag-economic-stability","11":"tag-financial-year-2025","12":"tag-foreign-exchange-reserves","13":"tag-formal-banking-channels","14":"tag-government-incentives","15":"tag-ministry-of-finance","16":"tag-overseas-pakistanis","17":"tag-pakistan-economy","18":"tag-remittance-incentive-scheme","19":"tag-remittance-policy-pakistan","20":"tag-shehbaz-sharif","21":"tag-usd-38-3-billion-remittances","22":"tag-workers-remittances-2","23":"cat-15017-id"},"acf":[],"yoast_head":"\nWorkers\u2019 Remittance Incentive Scheme extended - 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