In Pakistan, on June 11, Minister for Finance and Revenue Muhammad Aurangzeb stated on Tuesday that during the first ten months of the present fiscal year, expatriate Pakistani citizens have transferred $31.2 billion in remittances to their home country. This figure represents an increase of 31% compared to the same period last year.
During his budget address, the minister mentioned that overseas Pakistanis represent a significant resource and noted that over the past couple of years, remittances have surged by $10 billion. He expressed deep gratitude to these Pakistani compatriots residing abroad for their contributions, as this influx has bolstered the current account balance. Additionally, the minister stated that the administration aims to offer greater conveniences to expatriate Pakistanis, ensuring they can maintain their pivotal part in driving national progress.
Following the directives issued by Prime Minister Muhammad Shehbaz Sharif, various measures were being implemented for Pakistani expatriates, including setting up specialized tribunals dedicated to maintaining harmony, he stated.
The minister stated that they plan to implement an online platform for case registration and evidence collection. They also mentioned that necessary changes will be made to civil procedures to avoid fraudulent claims. Additionally, the federal government intends to establish quotas for offspring of expatriate Pakistanis at private universities and medical institutions, along with offering scholarships for vocational skills development. Furthermore, the minister noted that each year on August 14th, fifteen individuals who share the highest number of links via the State Bank will receive civilian honors.