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Thursday, May 23, 2013 - Islamabad—Xpress Money in association with Union Insurance - one of the leading insurance firms in the Gulf Co-operation Council (GCC) region, today launched remittance industry’s first free life insurance for overseas Pakistanis working in the Kingdom of Saudi Arabia (KSA) and Kuwait.

The Pakistan Embassy in Riyadh and its consulate in Jeddah have registered 13,000 illegal Pakistani workers seeking repatriation or rectification of their status before the grace period ends on July 3.

An estimated 11,000 Pakistani illegal workers registered with the consulate, according to consulate officials.

Pakistan’s Ambassador to Saudi Arabia Muhammad Naeem Khan has applauded the Saudi government for granting concession and facilitating Pakistani workers to correct their illegal status in the Kingdom.

KARACHI: Remittances sent home by overseas Pakistani workers recorded an increase of 6.37% or $692.83 million and reached $11.570 billion in the first 10 months of the current fiscal year compared with $10.877 billion in the same period of last year.

The Pakistan government is concerned about the potential loss of remittances from Saudi Arabia, which has the largest Pakistani expatriate community in the world.

ISLAMABAD:

Although Islamabad has lauded Saudi Arabia’s new labour policy, which allows a grace period of three months for foreign labourers in order to correct their labour status, it appears that some 1,470 South Asians  – including 160 Indians and 890 Pakistanis — hired by a Turkish company in the Kingdom may not benefit from

ISLAMABAD: A group of middlemen continues to fleece migrant labour applying for visas to Saudi Arabia, after the Ministry of Human Resource Development (HRD) swept a major corruption scandal under the carpet by dumping an inquiry report investigating the matter.