The Islamabad Women’s Chamber of Commerce and Industry (IWCCI) on Saturday stressed the need for introducing friendly schemes for overseas Pakistanis to help boost dwindling foreign exchange reserves. There are over ten million Pakistanis working in around 79 countries including USA, UK, Canada, UAE, Saudi Arabia and government could use the potential of overseas Pakistanis to augment forex reserves in order to bring meaningful economic reforms, said Farida Rashid, President IWCCI. Talking to President Pakistan Economy Watch, Dr Murtaza Mughal, she said that friendly schemes must be introduced to restore confidence of overseas Pakistanis. Government can announce a scheme in which if a person sends remittance of up to one million dollars, he/she would be eligible to bring a duty-free automobile in Pakistan, she said.Farida Rashid said that if 10,000 persons respond to this scheme which constitutes to 0.1 per cent of the total overseas Pakistanis, the government can get ten billion dollar in foreign exchange. As per the Economic Survey of Pakistan of 2011-2012 total number of the imported cars and jeeps stood at 1,079,856.
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