PM aims for $60b remittance target by 2034

PM aims for $60b remittance target by 2034

Business

The overseas Pakistanis will be invited to invest in technology zones, and granted blue passport

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ISLAMABAD (Dunya News) – Prime Minister Shehbaz Sharif has set a new target to boost remittance to $60 billion by 2034.

Currently, the total reserves stand at $32 billion. 

Under the plan, 26 community welfare attaches will be appointed in Gulf and Europe countries next month to support this goal. 

The Ministry of Finance plans to increase remittance by over 10 percent annually, with incentives for overseas Pakistanis. 

The overseas Pakistanis will be invited to invest in technology zones, and granted blue passport.

Read more: Boost remittances, foreign reserves top priority: SBP executive director

Additionally, 50 new skill centres will also be set up for technical training and skill labour programme will be launched with EU cooperation.