Friday, February 20, 2009
By our correspondent
KARACHI: Federal Minister for Overseas Pakistanis, Dr Farooq Sattar has said that the federal government wants to enhance home remittances from $7 billion per annum to $15 billion.
He said: “We are trying to utilise latest technology for fast and on-time delivery of remittances sent by Pakistanis living abroad and in this regard a high-level meeting would be held in the last week of February at Karachi in which representatives of local and foreign banks, mobile phone companies and information technology experts would participate.”
Addressing a ceremony held in honour of S M Muneer, President Indo-Pak Chamber of Commerce, by Munir Sultan, Chairman KK Builders, Sattar further said that with some measures it is possible to enhance remittances up to $15 billion in the next one to two years and then Pakistan will not be compelled to turn to the IMF in the future. Sattar said a fast and proper channel with some new facilities was needed to encourage overseas Pakistanis to use banking and legal means to remit their valued amount. Source
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