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Remittances play crucial role in strengthening national economy: PM

Islamabad: Prime Minister Muhammad Shehbaz Sharif says remittances from overseas Pakistanis have played a crucial role in significantly strengthening the national economy and foreign exchange reserves.

In a message on International Day of Family Remittances, today (Monday), he said Pakistan joins the international community in observing a day dedicated to honoring the vital contributions of migrant workers who, through their hard-earned remittances drive development in their home countries.

The Prime Minister said remittances from our overseas Pakistanis have always been a cornerstone of our national economy.

He said their financial contributions are not only an expression of love and responsibility towards their families, but also a powerful pillar supporting Pakistan’s economic resilience.

The Prime Minister said, on this occasion, we pay heartfelt tribute to our global Pakistani community.

He said their remittances reflect an enduring bond with their homeland; a bond of trust, commitment, and generational responsibility.

Shehbaz Sharif said the Government continues to work tirelessly to attract foreign direct investment and expand our export base to ensure long-term economic stability.

He said in the current fiscal year, our overseas compatriots have remitted a record 34.9 billion dollars so far, marking a 28.8 percent increase.

The Prime Minister said this trust reinforces our resolve to redouble efforts for the revival and growth of our economy.