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New Incentives for Overseas Pakistanis in Saudi Arabia: Remittances and Free Urgent Passports!

Exciting news for Pakistani expats residing in Saudi Arabia! The Pakistani government has launched a program offering attractive incentives to encourage foreign exchange remittances through official banking channels.

Read More: Pakistani Passport Renewal Fee in Saudi Riyal March 2024

This program combines benefits for both the Pakistani economy and overseas citizens.

FERC Program: Rewards for Remittances

The program revolves around the Foreign Exchange Remittance Card (FERC). The Pakistan Embassy in Saudi Arabia issues different tiers of FERC cards based on the amount remitted to Pakistan through official banking channels.

Here’s a breakdown of the FERC categories, remittance thresholds, and associated duty credit benefits:

• Silver Card: Remittance of $2,500 or equivalent – Receive PKR 2,500 duty credit at Pakistani airports.
• Silver Plus Card: Remittance of $5,000 or equivalent – Receive PKR 5,000 duty credit at Pakistani airports.
• Golden Card: Remittance of $10,000 or equivalent – Receive PKR 10,000 duty credit at Pakistani airports.
• Golden Plus Card: Remittance of $25,000 or equivalent – Receive PKR 25,000 duty credit at Pakistani airports.
• Platinum Card: Remittance of $50,000 or equivalent – Receive PKR 50,000 duty credit at Pakistani airports.

Obtaining a FERC Card: A Simple Process

The process to acquire a FERC card is straightforward:

1. Obtain Application Materials: Visit the Welfare Wing of the Pakistani Embassy in Riyadh to collect a blank remittance book and application forms.
2. Gather Supporting Documents: Prepare photocopies of your passport’s first two pages, valid Iqama (Saudi residence permit), and two passport-sized photographs (1×1 inch).
3. Present Remittance Proof: Show original bank receipts or vouchers reflecting foreign exchange remittances to Pakistan to the Welfare Wing official.
4. Verification and Issuance: Upon verifying your documents, the Embassy will issue your FERC card.

Free Urgent Passports: A Valuable Benefit

The most significant incentive of this program lies in the free issuance of urgent passports. As of March 2024, holders of Golden, Golden Plus, and Platinum FERC cards can acquire urgent passports without any additional fee at the Pakistan Embassy in Saudi Arabia.

Here’s a quick comparison of urgent passport fees for reference:

• 36-Page Passport (5-Year Validity): Urgent Fee – 140 SAR (Standard Fee)
• 72-Page Passport (5-Year Validity): Urgent Fee – 252 SAR (Standard Fee)
• 100-Page Passport (5-Year Validity): Urgent Fee – 336 SAR (Standard Fee)

Benefits for All: A Win-Win Situation

This program offers a win-win situation for both Pakistan and its overseas citizens:

• Pakistan: The program encourages foreign exchange inflows through official channels, boosting the national economy.
• Overseas Pakistanis: Expats benefit from duty credit at Pakistani airports and the convenience of free urgent passports, simplifying travel needs.

By providing both financial and practical benefits, the FERC program with its free urgent passport incentive aims to strengthen ties and encourage continued remittances from overseas Pakistanis in Saudi Arabia.

Note: The information above might not be accepted 100%. Please verify from your own sources. We will not be responsible for any kind of loss due to our content.

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