PM Sets Bold $60 Billion Remittance Goal for 2034
Prime Minister Shehbaz Sharif has unveiled an ambitious plan to boost Pakistan’s remittances to a staggering $60 billion by 2034. This target is a cornerstone of a broader economic strategy designed to enhance the financial contributions from the country’s overseas diaspora.
To meet this lofty goal, the government is set to deploy 26 community welfare attachés in key international regions, including the Gulf and Europe, starting next month. These attachés will be crucial in discovering new job prospects, business opportunities, and market avenues for Pakistani expatriates.
The Ministry of Finance emphasizes the critical role of the civil-military forum, SIFC, in this endeavor. Under the new initiative, expatriates investing in technology zones will benefit from special incentives and protection, while those working in these zones will be awarded blue passports, recognizing their role in the nation’s tech advancement.
The government aims to achieve a more than 10% annual increase in remittances from Gulf countries and Europe. Strategic placement of attachés in Saudi Arabia, Dubai, Qatar, England, and New York is expected to drive this growth.
Additionally, a partnership with the European Union will see the launch of technical programs and training aimed at boosting skilled labor. Over 50 new skilled centers are being set up across Pakistan to support these efforts and enhance the capabilities of the workforce.
