PM IK while addressing the Roshan Digital Accounts function in Islamabad has said that thanks to Raza Baqir, the Governor of State Bank for the best initiative of Roshan Digital Accounts State Bank. Yesterday, he told the media that a remittance target of 500 million is achieved this year. Yes, Overseas Pakistani are the biggest asset of the country. Newly initiated Roshan Digital Account has achieved the target of 500 million in remittances. In just 5 months, 88,000 accounts have been opened from across 97 countries. According to the Gulf or Khaleej Times, Pakistan has received 60 percent of remittances from the United Arab Emirates, Saudi Arabia and other Gulf states between the periods of July and September. During the first half of the current financial year, 14.2 billion was received, which is the highest remittance in any half-year after 14 years. The value of remittances is likely to exceed this year approximately 28 billion. Pakistanis abroad in the United Arab Emirates and Saudi Arabia would be sending 50% of total remittances. So, increase in remittances will improve the value of rupee and current account and by this alternative Pakistan’s economy shall get support. The government and the central bank facilitated overseas workers despite Corona, which began to show positive results. Besides, for the 7th consecutive month, remittances exceeded 2 billion dollars in December. In view of the steady increase in remittances, remittances are expected to be worth 28 billion by June 30, compared to 23 billion in the previous fiscal year. IK says when the PTI came to power, the government faced a historic deficit, but in the last two and a half years, he has repaid R.s 6,000 billion in loan installments. The government has repaid the record loans of Pakistan’s history, a total of Rs 6,000 billion has been given in terms of loans, the country’s economy is moving in a positive direction today.
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