Friday 1 January 2010

‘Pakistan Must Recognise Expatriates’ Remittances’

Mohammad Abdul Qudoos

31 December 2009
DUBAI - Pakistani community organisations overseas have to launch a united campaign for the promotion of foreign investment in their home country, a House of Lords member of Pakistani origin said.

Lord Nazir Ahmed of Rotherham told a community gathering on Tuesday that the Pakistani government should, at the same time, frame policies to encourage overseas Pakistanis to invest back home.

Many people in the UK want to invest in Pakistan, they need encouragement and the respect they deserve, he said.

“Overseas Pakistanis remit as much as $9 billion annually to their home country, but their government salutes the US for giving a mere $1.5 billion a year,” Lord Nazir said.

“We should do everything to promote investment in Pakistan and say ‘No’ to terrorism,” he said. Read more

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