ISLAMABAD: Caretaker Prime Minister Mir Hazar Khan Khoso approved on Wednesday first ever national policy for overseas Pakistanis aimed at protecting and encouraging investment to facilitate foreign investment through legal channels.
The decision was taken when Minister for Overseas Pakistanis‚ Feroze Jamal Shah Kakakhel, called on the Prime Minister and briefed him about the salient features of the National Policy for Overseas Pakistanis in Islamabad on Wednesday.
The National Policy provides for social and welfare facilities to the overseas Pakistanis includes proposals for housing schemes in different cities of the country‚ allocation of a specific sector or percentage in government residential schemes‚ opening of Pakistanis schools in different cities abroad on need basis‚ establishment of overseas university in Islamabad‚ construction of hospitals ‚ provision of mobile medical units and legal assistance for families of overseas Pakistanis.
To encourage remittances and investment the Policy provides to expand duty credit to other household items to encourage remittances through banking channels.
