News Column

Pak expats urged to do more to boost economy

July 14, 2014

Finance Minister Mohammad Ishaq Dar ... optimistic about Pakistan's economic growth targets.


Pakistan's Finance Minister Sen. Mohammad Ishaq Dar says overseas Pakistanis should do more to shore up the economy and that the country's currency and the forex market had stabilized in the last four months.

"We have turned around the economy. We have taken the right direction," said Dar during his recent visit to Jeddah. "Both the forex market and rupee are stable. So, all signs are positive for foreign investors to enter the Pakistan market," he told Arab News.

He called on Pakistanis living abroad to send their remittances through proper banking channels and to raise their investments in their homeland.

He reminded them that the remittances are free of cost.

"The government pays the charges, they should avail that. We have also banks to speed up their transactions."

He reiterated that Pakistan is keen to expand cooperation with the new Indian government.

"We worked with the previous (Indian) government. We want to ease visa restrictions for both countries' businessmen, visitors, tourists, and we want to expand the trade between the two countries."

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Source: Arab News (Saudi Arabia)

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