Islamabad—Federal Finance Minister Ishaq Dar, announcing measures for overseas Pakistanis, said that the 2 per cent tax on the purchase of immovable property by Pakistanis living abroad through foreign remittances is being abolished.
He also announced the issuance of a new Diamond Card, which will be issued to those sending remittances of more than $50,000. Under it, they will be provided with a non-prohibited bore licence, a gratis passport, priority access to Pakistani embassies and fast-track immigration facilities at Pakistani airports.
Ishaq Dar added that a scheme would also be launched to award major prizes by draw to remittance card holders.
