Overseas Pakistanis are country’s asset, says minister

February 15, 2024 (MLN): Overseas Pakistanis are a valuable asset of the country, and the government remains committed to supporting its overseas communities, Federal Minister for Commerce, Industries & Investment Dr. Gohar Ejaz stated.

Pakistan's overseas workers' remittances rose to $2.39 billion in January, a 26% increase compared to last year.

“It shows the dedication of our overseas Pakistani brethren,” the minister said.

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Delighted to share that Pakistan's overseas workers' remittances rose in January, reaching $2.39 billion. This is a 26% increase compared to last year. It shows the dedication of our overseas Pakistani brethren.

Overseas Pakistanis are a… pic.twitter.com/rHW7vgNbfU

— Dr Gohar Ejaz (@Gohar_Ejaz1) February 15, 2024

The increase comes as the disparity between official and grey market rates has been largely eliminated.

Moreover, the government-led crackdowns against speculators, hoarders, and smugglers have restricted illegal dollar outflows and effectively strengthened the PKR against the USD.

With extremely tight monetary and fiscal policies, demand for foreign currency as a store of value is decreasing as PKR has remained stable for nearly a year.

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