Remittances surge by 30% in past five months: Tarin

KARACHI: Federal Minister for Finance, Shaukat Tarin, has said that the trend of remittances received in last five months of current fiscal year showed an increase of around 30 percent over the similar period in the last fiscal year.

Addressing a MoU signing ceremony between PRI and PIA held at State Bank of Pakistan, here, he urged the overseas Pakistanis to make sure that they are transferring their hard-earned income through official channels into Pakistan.

He said that strategic alliance between Pakistan Remittance Initiative (PRI) and Pakistan International Airlines (PIA) would contribute towards the enhancement of remittance flows through official channels and help the Government to achieve the goal of formalizing the remittance market in the country.

The Finance Minister said that he was confident that PRI would usher in a new era in the realm of workers’ remittances and reach the ultimate destination of highest efficiency and maximum satisfaction levels.