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KSA major source of foreign remittance, NA told

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Published: May 17, 2016 03:33 pm

overseas pakistani


ISLAMABAD, May 17, 2016: The overseas Pakistanis sent home 14.16 billion US dollars during first nine months of current fiscal year, the National Assembly was informed on Monday.

It came to the fore from the data submitted by the Ministry of Overseas Pakistanis and Human Resource to the House that Arab countries continued to be the major source of remittances for Pakistan as more than two thirds of money sent by Pakistanis abroad traveled from Saudi Arabia, United Arab Emirates or Gulf Countries. Saudi Arabia is the largest contributor to the country’s foreign exchange coming from abroad with 4.3 billion US$. The Pakistanis in the UAE sent back 3.1 billion US$ followed by 1.1 billion US$ sent from other Gulf Cooperation Council Countries. United States and United Kingdom are among other major sources of foreign exchange as Pakistanis working in both countries sent home 3.5 billion US$.

Meanwhile, the remittances received from European Union are stalled at around 277 million US$ and has not shown substantial increase from past many years. Ireland amongst other EU countries is the biggest source of this foreign exchange with 97 million US$ followed by Germany with 62 million US$, Spain 37 million US$ and France 22 million US$. Pakistanis working in Australia and Canada transferred 132.17 million and 115.11 million US$ respectively.

Responding to second part of the question regarding steps taken for welfare of overseas Pakistanis, the government told the Lower House that the Overseas Pakistanis Foundation, an organization of the Ministry, has established twenty four (24) educational institutions including schools and colleges throughout the country including Azad Kashmir. Every child of overseas Pakistanis who applies for the admission is enrolled and also granted 25% concession in tuition fee in these institutions. Moreover, 322 seats have been reserved for admissions of children of overseas Pakistanis in different educational institutions including professional colleges and universities. The ministry has also distributed Rs. 25.31 million among 12,262 children of overseas Pakistanis till date on account of Needy Scholarships and Merit Award while an amount of Rs. 2.52 million has been allocated in current financial year 2015-16.

Moreover, a ten-bed eye hospital was established at Yaro Khoso, District D.G. Khan in 1993. In order to facilitate the people of overseas Pakistanis concentration areas, OPF has also been establishing eye camps where eye treatment facilities are nonexistent. So far 103 eye camp have been established in which 2,38,309 patient have been treated and 20,526 patients have been operated.

Posted by on May 17, 2016. Filed under Latest Post,National Assembly,Questions National Assembly. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry