ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday pledged to provide maximum facilities to overseas Pakistanis, recognizing their contribution to the national economy and highlighting that remittances had increased by 30 percent due to their hard work and commitment.
Remittances are a lifeline for Pakistan’s cash-strapped economy, playing a critical role in stabilizing foreign exchange reserves and supporting balance of payments.
The country’s central bank last month reported $3.1 billion in remittance inflows for December 2024, reflecting a 29.3 percent year-on-year growth.
The State Bank of Pakistan also noted a 5.6 percent increase in remittances compared to November 2024, highlighting the importance of expatriate earnings in shoring up the nation’s finances.
“We will make every effort to resolve your issues and ensure that your voice is heard at the highest level,” the prime minister said while addressing the Overseas Pakistanis Global Foundation Convention, according to the Associated Press of Pakistan.
“Your efforts have greatly benefited the national exchequer, bolstering the country’s reserves and reinforcing our economic standing,” he continued while mentioning 30 percent remittance increase in December.
Sharif directed the Ministry of Overseas Pakistanis and Human Resource Development to restore the Green Channel initiative to facilitate expatriates and announced the formation of a body to recognize distinguished diaspora members contributing to national development.
He also commended Pakistanis living abroad who, after gaining top-tier training, have returned to help drive economic growth as experts, investors and entrepreneurs.
“Many of you have returned home with valuable expertise, and your continued investments in the country’s economy are vital to our future,” he added.
Pakistan PM pledges support for overseas workers amid surge in remittances
https://arab.news/jemfn
Pakistan PM pledges support for overseas workers amid surge in remittances
- PM promises to resolve issues of overseas Pakistanis and let their voices be heard at the highest level
- He praises Pakistanis who return home with valuable expertise, saying their training helps drive economy