ISLAMABAD: Remittances from overseas Pakistanis from the next financial
year would be around $12 billion, said Federal Minister for Overseas
Pakistanis, Dr Farooq Sattar.
“Remittances will be received under the scheme of Pakistan Remittance Initiatives (PRI) launched in collaboration with the Ministry of Finance, State Bank and Ministry of Overseas Pakistanis,” he said while speaking at the launching ceremony of Human Development Report 2009, organised by the United Nations Development Programme (UNDP) here on Monday.
The minister said the government would make efforts to provide basic facilities to overseas Pakistanis and stop illegal immigration through the border and travel agencies.
On the occasion, UNDP Administrator Helen Clark said that migration could be a force for good, contributing significantly to human development. He said that most of the people migrated in order to earn and improve their living standard.
Allowing for migration both within and between countries has the potential to increase people’s freedom and improve the lives of millions around the world, according to the Human Development Report.
The report also mentions most migrants do not cross national borders, but instead move within their own country, 740 million people are internal migrants, almost four times the number of international migrants.
In Pakistan, there are 3.55 million migrants which represent 2.1 per cent of the total population. Among international migrants, less than 30 per cent move from developing to developed countries.
Pakistan has an immigration rate of 2.2 per cent and Pakistan in the Human Development Index ranks 141st out of 182 countries.
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