Abb Takk News

Finance Ministry Likely To Receive $21 BN In Remittances This Fiscal Year

ISLAMABAD: Ministry of Finance, in a statement, has hinted towards the probability of receiving around $21 billion this fiscal year in foreign remittances.

Finance Ministry spokesman Dr Khaqan Najeeb has said the country was expecting to receive $ 21 billion foreign remittances during the current fiscal year.

A significant increase of investment in ‘Pakistan Banao Certificates’ is expected as around 4,000 applicants have so far been registered for their purchase, Najeeb said in a statement issued here.

Further, Dr Khaqan Najeeb added that the funds generated through the certificates would be spent on development of infrastructure and social sectors.