Karachi, April 19, 2025 – In a move to encourage foreign inflows, the government of Pakistan has introduced substantial relief on remittances in the form of duty allowance for overseas Pakistanis who send money back home through official banking channels. The initiative aims to reward remitters by offering duty credit allowances tied to the amount remitted.
(more…)Money and banking drive economic activity by facilitating transactions, savings, and investments. Banks manage financial resources, offer credit, and regulate money supply, ensuring stability and growth in Pakistan’s financial sector.
