Pakistan's economic wizards have announced an ambitious plan to double its remittances over the next ten years, aiming to increase the current remittance inflow from $30 billion to $60 billion.
For the current financial year, the target for remittances is set at $30.27 billion.
To achieve this goal, the plan includes increasing annual remittances by over $3 billion.
Key strategies involve providing incentives to overseas Pakistanis, deploying 26 Community Welfare Attachés in the Gulf, European countries, and the US, and offering support for employment, new business opportunities, and market access.
Additionally, the Special Investment Facilitation Council (SIFC) Forum will be mobilized to bolster remittance inflows. Overseas Pakistanis will be encouraged to invest in technology zones, with facilities provided for such investments, and blue passports will be issued as part of these incentives.
The plan also includes a collaboration with the European Union to enhance the skilled workforce. More than 50 new skill centers are set to open to support this initiative.
