Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Latest News

Saudi Arabia to open citizens fund from February 2017

byCT Report
18/01/2017
in Latest News
Share on FacebookShare on Twitter

RIYADH: Saudi nationals earning less than SAR21,000 ($5,599) a month will be able to register for the country’s citizens fund at an estimated 444 new centers from February 1, 2107.

According to details, a senior official at the Ministry of Labour and Social Development as saying financial assistance will not be issued retrospectively if citizens do not register on time.

You might also like

Hyderabad Customs ramps up anti-smuggling drive, confiscates goods worth over Rs77m

24/06/2026

Govt borrows Rs4.9 trillion from banks despite rise in tax collections

24/06/2026

“This will be in addition to the registration on a special electronic gate,” the official was quoted as saying.

The up to 850,000 Saudi families – totalling 2.5 million individuals or 15 per cent of the population – already receiving social security payments in the kingdom will automatically be registered for the fund.

The official warned that any citizens who submit false data would be penalized.

“We have linked the fund with a number of government departments. So it will be easy for us to detect any wrong data,” he was quoted as saying.

Saudi families, individuals, women married to foreigners and displaced tribes with cards enabling them to move between cities will be accepted by the fund.

However, it will not provide assistance to citizens who stay outside the country for 90 days or more a year.

The new social assistance scheme was announced as part of the 2017 Saudi budget. It is designed to reduce the impact of subsidy reductions on citizens.

Related Stories

Hyderabad Customs ramps up anti-smuggling drive, confiscates goods worth over Rs77m

byCT Report
24/06/2026

HYDERABAD: Collectorate of Customs (Enforcement), Hyderabad, has significantly intensified its anti-smuggling campaign, conducting a series of successful intelligence-based operations that...

Govt borrows Rs4.9 trillion from banks despite rise in tax collections

byCT Report
24/06/2026

KARACHI: The federal government borrowed more than Rs. 4.9 trillion from commercial banks during the first eleven and a half...

FBR freezes bank accounts over Rs23.23b tax dispute

byCT Report
24/06/2026

LAHORE: The Federal Board of Revenue (FBR) has frozen the bank accounts of the Universal Service Fund (USF), a government-owned...

Govt abolished Super Tax for major export-oriented companies

byCT Report
24/06/2026

ISLAMABAD: The federal government has approved the complete abolition of Super Tax for companies whose export receipts account for more...

Next Post

France launches new Export Credit Agency

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.