Pakistan’s economic strategists have unveiled an ambitious initiative to double remittance inflows over the next decade, with a goal of increasing the current $30 billion in remittances to $60 billion.
For the ongoing financial year, the target for remittances is set at $30.27 billion.
The strategy to achieve this includes a plan to raise annual remittances by over $3 billion. Key components of the plan involve offering incentives to overseas Pakistanis, deploying 26 Community Welfare Attachés across the Gulf, Europe, and the US, and supporting employment, new business ventures, and market access.
The Special Investment Facilitation Council (SIFC) Forum will also be engaged to enhance remittance flows. Overseas Pakistanis will be encouraged to invest in technology zones, with various facilities and the issuance of blue passports as part of the incentives.
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Additionally, the plan involves collaborating with the European Union to improve the skilled workforce, with over 50 new skill centers set to open to support this effort.
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