Incentives for oversees can attract remittances further: PIAF.


LAHORE -- The Pakistan Industrial and Traders Association Front (PIAF) has asked the government to announce incentives and attractive package for oversees Pakistanis to enhance the volume of foreign inflows, as the country received 1. 43 percent lower remittances amounting to $5. 47 billion in first quarter of 2019-20 compared to $5. 55 billion in the same period of previous year. PIAF Chairman Mian Nauman Kabir, expressing his concern over the drop, observed that remittances could help in partly financing the deficit in import payments and foreign debt repayments. He suggested the government that structural reforms can revive Pakistan's economic growth with major focus on incentives for oversees...

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