Remittances targeted to reach $60bn by end of 2034

August 29, 2024 (MLN): Under the Prime Minister's economic plan, the government has set an ambitious target to increase remittances to $60 billion by the end of 2034.

According to the sources connected with the matter, the plan includes the strategic appointment of 26 community welfare attachés in European countries, including the Gulf countries by next month.

Among these, six will be appointed in Saudi Arabia, two in Dubai, two in Qatar, and the remaining will be assigned to other European and American countries.

Moreover, technical programs and training will be started to increase skilled labor with European Union cooperation.

The Ministry of Finance has revealed that over 50 new skill centers are currently being established across the country.

These centers will provide crucial training and support, helping Pakistan achieve its ambitious remittance targets.

To further strengthen the path of achieving the remittance target, overseas Pakistanis will get incentives and protection for investing in technology zones.

Additionally, blue passports will be issued to those investing in these zones, and measures will be implemented to increase remittances from Europe and the Gulf countries.

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