{"id":53509,"date":"2019-07-13T10:00:31","date_gmt":"2019-07-13T05:00:31","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=53509"},"modified":"2020-09-25T13:01:01","modified_gmt":"2020-09-25T08:01:01","slug":"icci-asks-govt-channel-remittances-investment-instruments","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/icci-asks-govt-channel-remittances-investment-instruments.html","title":{"rendered":"ICCI asks govt to channel remittances into investment instruments"},"content":{"rendered":"<p>Islamabad: The Islamabad Chamber of Commerce &amp; Industry has urged the government to channel all remittances into investment and other saving instruments, a news source reported. For this purpose, the government should take policy measures and introduce feasible incentives, it said.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/lower-clean-energy-taxes-icci-president.html\" target=\"_blank\" rel=\"noopener noreferrer\">Lower clean energy taxes, ICCI President<\/a><\/p>\n<p>The ICCI is of the opinion that utilising remittances for investment purposes would <a href=\"https:\/\/www.zameen.com\/news\/icci-demands-fixed-tax-rates-to-facilitate-traders.html\" target=\"_blank\" rel=\"noopener noreferrer\">encourage business activities<\/a> and enhance the national economic growth. To facilitate these measures, the government needs to develop required expertise and institutional mechanism, it added<\/p>\n<p>The authority added that remittances boosted consumption, which benefited the local industries. These funds would be even more helpful when channelled towards savings and investment instruments, it stated.<\/p>\n<p>The authority, while citing examples of Chinese and Indian expatriates, said that Islamabad should also take measures for facilitating overseas Pakistani so they could launch their business ventures in Pakistan. They also cited examples of Sub-Saharan African countries that improved their GDP through the diversion of remittances towards investment.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/oicci-survey-shows-improved-foreign-investor-confidence-in-pakistan.html\" target=\"_blank\" rel=\"noopener noreferrer\">OICCI survey shows improved foreign-investor confidence in Pakistan<\/a><\/p>\n<p>ICCI revealed that Pakistan had received more remittances than foreign direct investment (FDI) and development assistance in the period between July-March 2018 when the figures exceeded USD 21-billion-mark; an increase of 9% compared to the previous year\u2019s inflows.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Islamabad Chamber of Commerce &amp; Industry has urged the government to channel all remittances into investment and other saving instruments, a news source reported. For this purpose, the government should take policy measures and introduce feasible incentives, it said. Read:\u00a0Lower clean energy taxes, ICCI President The ICCI is of the opinion that utilising remittances for investment purposes would encourage business activities and enhance the national economic growth. To facilitate these measures, the government needs to develop required expertise and institutional mechanism, it added The authority added that remittances boosted consumption, which benefited the local industries. These funds would be even more helpful when channelled towards savings and investment instruments, it stated. The authority, while citing examples of Chinese and Indian expatriates, said that Islamabad should also take measures for facilitating overseas Pakistani so they could launch their business ventures in Pakistan. They also cited examples of Sub-Saharan African countries that improved their GDP through the diversion of remittances towards investment. Read:\u00a0OICCI survey shows improved foreign-investor confidence in Pakistan ICCI revealed that Pakistan had received more remittances than foreign direct investment (FDI) and development assistance in the period between July-March 2018 when the figures exceeded USD 21-billion-mark; an increase&hellip;<\/p>\n","protected":false},"author":18,"featured_media":41097,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[12217],"persona":[],"class_list":{"0":"post-53509","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-details-on-icci-asks-govt-to-channel-remittances-into-investment-instruments","9":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ICCI asks govt to channel remittances into investment instruments - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Islamabad Chamber of Commerce &amp; 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