PM Sets Ambitious $60 Billion Remittance Target for 2034

Prime Minister Shehbaz Sharif has set an ambitious target to increase remittances to $60 billion by 2034, sources told ProPakistani.

This initiative is part of a comprehensive economic plan aimed at enhancing the financial contributions of overseas Pakistanis.

To achieve this goal, the government plans to appoint 26 community welfare attachés in key regions, including the Gulf and European countries, starting next month. These attachés will play a pivotal role in identifying new employment opportunities, business ventures, and market destinations for Pakistani expatriates.

The Ministry of Finance has highlighted the significant role of the civil-military forum, SIFC, in supporting overseas Pakistanis. As part of the initiative, expatriates investing in technology zones will receive incentives and protection, and those working in these zones will be issued blue passports, symbolizing their contribution to the nation’s technological advancement.

Efforts are underway to increase remittances from Gulf countries and Europe, with a target of more than a 10% annual increase. The strategic placement of attachés in countries such as Saudi Arabia, Dubai, Qatar, England, and New York is expected to facilitate this growth.

In collaboration with the European Union, the government is also launching technical programs and training to boost skilled labor. Over 50 new skilled centers are being established across the country to support these initiatives.