FERC

(redirected from Foreign Exchange Remittance Card)
AcronymDefinition
FERCFederal Energy Regulatory Commission
FERCFédération de l'Education de la Recherche et de la Culture (French: Federation of Educational Research and Culture)
FERCFinancial Econometrics Research Centre (UK)
FERCForeign Exchange Remittance Card (Pakistan)
FERCFoundation for the Education of Rural Children (Chiang Mai, Thailand)
FERCFEMA Emergency Response Capability
FERCForeign Economic Relations Commission (Shanghai, China)
References in periodicals archive ?
Islamabad -- Overseas Pakistani Foundation has begun to issue the Foreign Exchange Remittance Card to overseas Pakistani to facilitate all those who remit money through legitimate banking channels.
Foreign Exchange Remittance Card (FERC), One Window Facilitation Desks at International Airports in Pakistan, Complaint Cell, Settlement of dues, Eye Hospitals at Mirpur and D.
In the past, a special package of Foreign Exchange Remittance Card had been implemented and under these, five categories of remittances cards are offered to those overseas Pakistanis who remit $2500 to $50,000 in a year.
He said a special package of Foreign Exchange Remittance Card (FERC) had been introduced by Ministry of Finance to encourage Overseas Pakistanis to remit their earning through legal channels.
Hafiz Ahsaan ahmad Khokhar senior adviser and Grievance commissioner for overseas Pakistanis to federal ombudsman emphasized that strategy should be designed by all relevant departments that Foreign Exchange Remittance Card (FERC) should be issued along with NICOP and to make further strategy that life insurance cover should be increased from two years to five years to facilitate the Overseas Pakistanis and in this regard a meeting should be arranged at Finace mind try of all relevant departments.
The overseas Pakistanis holding Foreign Exchange Remittance Card (FERC) can now utilize their remittance cards for duty credit for seven items which were previously not covered under duty credit scheme.
The other steps include resolution of OPs' compensation cases, facilitating OPs in issuance of National Identity card for Overseas Pakistanis (NICOP) and Foreign Exchange Remittance Card (FERC), formation of advisory committees for resolving OPs issues and automation in Bureau of Emigration and Overseas Employment (BEOE) etc.
A special package of Foreign Exchange Remittance Card (FERC) has been implemented and under these five categories of remittance cards are offered to those overseas Pakistanis who remit $2500 to $50,000 in a year.
Hafiz Ahsaan Ahmad Khokhar directed the relevant officials to issue Foreign Exchange Remittance Card (FERC) along with NICOP and increase the life insurance cover from two years to five years to facilitate OPs.
Hafiz Ahsaan emphasized that strategy should be designed by all relevant departments that Foreign Exchange Remittance Card (FERC) should be issued along with NICOP.
Foreign Exchange Remittance Card (FERC) had been issued to Overseas Pakistanis to facilitate them to Transfer foreign remittance while separate counters for special handling at all international airports in Pakistan had been established.
He further said that towards this end, a special package of Foreign Exchange Remittance Card (FERC) has been implemented by the government to facilitate the Overseas Pakistan Community.
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