Govt rolls out new incentives for overseas Pakistanis as remittances hit record $31.2b 

Finance Minister Muhammad Aurangzeb, in his budget speech on Tuesday, lauded the record-breaking contribution of overseas Pakistanis who remitted $31.2 billion to the country during the first 10 months of the current fiscal year, marking a 31% increase from the previous year.

“This historic surge—$10 billion higher than two years ago—has significantly improved our current account and is a testament to the unwavering commitment of Pakistanis abroad,” said Aurangzeb, calling expatriates the nation's “most valuable asset.”

The finance minister announced a series of incentives and reforms aimed at recognising and facilitating the Pakistani diaspora. These measures, he said, were being implemented on the directives of Prime Minister Shehbaz Sharif.

Among the key initiatives is the establishment of dedicated legal facilities for overseas citizens, including the creation of special courts to address disputes and false claims.

Aurangzeb revealed that an online system will be introduced for lodging complaints and submitting evidence, along with mandatory changes to civil procedure laws to curb fraudulent litigation.

Furthermore, the government will set aside dedicated quotas for the children of overseas Pakistanis in chartered universities and medical colleges. Skill-based scholarships will also be offered to support their educational and professional growth.

In a symbolic gesture of appreciation, Aurangzeb announced that the top 15 remitters—those who send the highest amount of foreign exchange via the State Bank—will be honoured with civil awards on August 14 every year.

“These reforms aren’t just tokens—they’re about strengthening the bond with our global Pakistani family, and giving them the respect and support they deserve,” the minister added.