PM eyes enhanced remittances to overcome current account deficit issue

PM eyes enhanced remittances to overcome current account deficit issue.

Prime Minister Imran Khan has underlined the need for further enhancing the foreign remittances by tapping the immense potential of overseas Pakistanis.

PM eyes enhanced remittances to overcome current account deficit issue

He said, while addressing a ceremony in Islamabad on Thursday.

It held in connection with Roshan Digital Account crossing one billion dollars in deposits. It held on the launch of Roshan Apni Car and Roshan Samaaji Khidmat products.

Furthermore, the Prime Minister pointed out that the country received record remittances over the last one year.

However, he noted this as only tip of the iceberg. He further said until and unless we enhance our exports, we will have to think out of box and bring innovative ideas to woo the overseas Pakistanis to send their remittances to Pakistan.

This, he said will help us handle the issue of current account deficit.

The Prime Minister termed the deposits of one billion dollars in Roshan Digital Account in a matter of seven months as a landmark achievement.

Roshan Apni Car and Roshan Samaaji Khidmat

Moreover, he expressed the confidence that other two products Roshan Apni Car and Roshan Samaaji Khidmat will also meet the success.

Imran Khan said note nine million Pakistanis abroad as our biggest asset which have kept the economy afloat.

He lauded our laborers as very diligent who work day and night to financially support their families back home.

Therefore, he asked the embassies to provide better services to the labor class.

The PM said a high powered investigation has been ordered into the bad conduct of our embassy in Saudi Arabia with the Pakistani laborers and workers.

He announced exemplary punishments to those those found involved in extorting and mistreating Pakistani laborers.

Success claim

Meanwhile, Governor State Bank of Pakistan Reza Baqir also spoke.

He noted success of Roshan Digital Account as the success of Pakistan and the vision of Prime Minister Imran Khan.

Furthermore, he referred to the new products under Roshan Digital Account.

The SBP governor said that under Roshan Apni Car, overseas Pakistanis will be able to purchase cars for their family members or friends in Pakistan at attractive markup rates.

He said Roshan Samaaji Khidmat will provide a platform to the overseas Pakistanis to conveniently give their donations and Zakat.

He further said more such products will also be launched in future to facilitate the overseas Pakistanis.

Reza Baqir their policy aims to transform the financial system that facilitates the common man.

Those also included the people associated with the SMEs and the agriculture sector.

GTV