Points earned through remittances to be redeemed in cash

The government plans to allow redemption in cash of reward points got by overseas Pakistanis for sending remittances back home through official channels as per the National Remittance Loyalty Programme (NRLP) to be set up on Oct 1.

It was decided at a recent meeting of the cabinet lead by Prime Minister Imran Khan.

In the meeting, on the programme, Finance Minister Shaukat Tarin “requested that the decision of ECC on the NRLP be ratified with the stipulation that the points/rewards earned by the remitters may also be redeemed in cash,” said the minutes of the meeting seen by Dawn.

The cabinet also gave approval for the programme as well as the minister’s request that reward points “earned by remitters under the NRLP may also be redeemed in cash”.