Investment Facilitation Centre established for Overseas Pakistanis

Overseas Pakistanis Foundation (OPF) has established an Investment Facilitation Center for Overseas Pakistanis (IFC) to promote and sustain a mutually beneficial and symbiotic relationship between the government and overseas Pakistanis.

According to the OPF, Overseas Pakistanis could contribute much more than making foreign exchange remittances worth around US $18 billion every year.

Prime Minister, Imran Khan addressed the overseas Pakistani’s in his very first speech after taking his oath, where he requested them to invest and increase remittances in Pakistan to help the country overcome an economic crisis.

“We want you to send your money and deposit it in Pakistani banks,” said the former cricketer.

The country is facing a shortage of foreign currency and its deficits and trade gaps have increased so much that it is now in desperate need of dollars, said the prime minister on several occasions.

During his address to the nation, Prime Minister Imran Khan highlighted the need to facilitate overseas Pakistanis as part of his plan to address the shortcomings of the country on the external front.

Addressing them directly in his inaugural speech, he had said, “We are trying our best to create a good investment environment for you. We want you to bring your money to Pakistan and park it in Pakistani banks.”

The mandate of IFC would therefore be to respond to queries on all investment related opportunities, regulatory framework and incentives offered in Pakistan.

The role of Overseas Pakistanis in building the image of the country, transfer of technology and investment growth is very important and with sustained efforts, OP’s can produce tangible results.

According to OPF, with a massive diaspora of highly qualified Pakistani executives, capital investing in Pakistan is entering a sustained and rewarding phase and the growth and return potential in Pakistan has yet to be unlocked by domestic and international investors.

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