6 August 2008
ISLAMABAD — The government is vigorously planning to double workers’ remittances over the next two years by stepping up manpower export and by strengthening banks to discourage ‘hundi’ business.
“It is not a very difficult task to double annual remittances from $6 billion to $12 billion in the next two years by increasing the number of manpower from 2,87,000 to half a million plus annually”, Dr Ghayyur Sabur, Chairman, Policy Planning Cell of the Ministry of Labour, Manpower and Overseas Pakistanis told this correspondent.
The government has prepared a migration policy which has been circulated to all relevant ministries, ministerial divisions and private sector organisations to considerably improve foreign exchange reserves. The new migration policy has also been submitted to the higher authorities for approval. It stipulates country-specific measures to increase manpower export to Saudi Arabia, Kuwait, the United Arab Emirates (UAE), Qatar and Bahrain, he said.
These five countries, he pointed out, have prepared plans of over one trillion dollars to develop new cities, oil cities, motorways, highways and mega malls for which they need huge manpower. These countries were in the process of awarding contracts for undertaking huge development activities in the region. “The initial contact made with these countries is very encouraging to send our increased manpower there”, he said. [Read more]
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