Pakistan’s economic planners have unveiled an ambitious strategy to double the country’s remittances over the next decade, targeting an increase from $30 billion to $60 billion. For this fiscal year, the remittance target is set at $30.27 billion. To reach this objective, the plan aims to boost annual remittances by more than $3 billion.
The key initiatives include offering incentives to overseas Pakistanis, deploying 26 Community Welfare Attachés across the Gulf, Europe, and the US, and providing support for employment, new business ventures, and market access.
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Additionally, the Special Investment Facilitation Council (SIFC) Forum will be activated to enhance remittance inflows. Overseas Pakistanis will be encouraged to invest in technology zones, with dedicated facilities provided, and the issuance of blue passports will be part of these incentives. The plan also involves collaboration with the European Union to strengthen the skilled workforce, with over 50 new skill centers slated to open to support this effort.
