Foreign Exchange Remittance Card

Overseas Pakistanis remitting foreign currency equivalent to US$2500 to US$ 50,000 per annum are entitled to the following incentives;

  • Five categories of remittance cards as per amount remitted.
  • Free Issuance and Renewal of passport on urgent basis.
  • Separate Counters for special handling at arrival and departure lounges at all International Airports in Pakistan.
  • Duty credit can also be utilized for seven items with fixed duty i.e., television, deep freezer, refrigerator, microwave oven, cooking range, washing machine and air conditioner.
  • Duty Credit in Pak. Rupees as per category of remittance card.
 Type of FERC Amount Remitted Through Normal Banking Channel
(in US $ or equivalent foreign currency)
Duty Credit In Rs.
Silver Card Silver 2500 or more 10,000
Silver Plus Card Silver Plus 5000 or more 20,000
Gold Card Gold 10,000 or more 30,000
Gold Plus CardGold Plus 25,000 or more 50,000
 Platinum Platinum 50,000or more 100,000

Local assemblers suspend booking of cars for non-filers

Earlier this year, it was proposed in the budget 2018-19 that the non-filers would be barred from booking, registering or purchasing a locally produced car and imported vehicles from 1, July 2018, until they file the tax return. After the approval of budget 2018-19 by National Assembly of Pakistan; the action has been taken by every local automaker.

Pak Suzuki, IMC Toyota, Honda and Al-Haj FAW have suspended the booking of vehicles, as per the new policy. We have contacted all the official dealerships of the companies as mentioned earlier, and they explicitly said that as per the new policy the booking of the vehicles to be suspended.

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