Lahore: Overseas Pakistanis Commission (OPC) Punjab Vice Chairperson (VC) Waseem Chaudhry recently announced the Punjab government’s decision to offer discounts to overseas Pakistanis on opening new bank accounts — with an additional 5% quota to be reserved for the expat community in all provincial government developed housing schemes, according to a news source.
The VC further revealed that overseas Pakistanis would also get a 20% discount at the hotels and resorts managed by the tourism and archaeology departments. Furthermore, the community has also been allowed to carry up to two smart phones without paying any custom duty. Other benefits include:
2% quota for children in education institutes under TEVTA
Scholarships and education loan
20% discount on education offered by government-owned institutes
Discounts on air tickets
Discounts at utility stores
Load limit increased
The government has set up a special counter at the Punjab Board of Revenue office for this purpose. The Punjab Police Inspector General has been instructed to attend to the cases of overseas Pakistanis on a priority basis. The purpose of this initiative is to encourage non-resident Pakistanis to use legal ways for transferring money.
The government has also instructed the Bureau of Immigration to assist the expat community in opening new bank accounts in the country. This will allow banks to issue debit and credit cards that can be used to avail the aforementioned benefits.
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I would like you to elaborate further that can overseas pakistanis now bring two smart phones with out paying any custom duty when they come on vacation to Pakistan.
Secondly housing schemes cessessional quota will apply on newly announced housing schemes or previously announced schemes as well?
If it applies to previously announced schemes as well then It is very good news and we apprrciate the Punjab Government.
I would like you to elaborate further that can overseas pakistanis now bring two smart phones with out paying any custom duty when they come on vacation to Pakistan.
Secondly housing schemes cessessional quota will apply on newly announced housing schemes or previously announced schemes as well?
If it applies to previously announced schemes as well then It is very good news and we apprrciate the Punjab Government.
Hi
I am very much disheartened with the complexity and process in starting up a business in karachi.
I am now re evaluating my business plan.
Please advise we can bring mobile phone on final exit tax free from abroad ?
Yes.
I m also a overseas Pakistani and already sending money through bank how I can get all these benefits