The economic geniuses in Pakistan have unveiled a bold plan to quadruple the country’s remittance inflow from $30 billion to $60 billion over the course of the next ten years.
The remittance target for the current fiscal year is $30.27 billion.
The plan calls for a more than $3 billion annual increase in remittances in order to meet this target.
Important tactics include presenting incentives to Pakistanis living abroad, stationing 26 Community Welfare Attachés in the US, Europe, and the Gulf, and providing assistance with finding work, starting a new business, and gaining access to markets.
To support remittance inflows, the Special Investment Facilitation Council (SIFC) Forum will also be activated. Blue passports would be issued, infrastructure for such investments will be made available, and overseas Pakistanis will be encouraged to invest in technological zones.
