Pakistan Remittance Summit to take place in Dubai next month
In collaboration with leading commercial banks, Dellsons
Associates is organizing an international conference named the Pakistan
Remittance Summit in Dubai next month. The summit aims to recognize the pivotal
role of overseas Pakistanis in bolstering the national economy through
remittances.
The conference intends to educate overseas Pakistanis about
leveraging formal banking channels, utilizing various options within these
channels to sustain their valuable contributions of sending remittances to
their homeland.
Ibrahim Amin, Chairman of Dellsons Associates, highlighted that
a considerable number of Pakistanis have migrated to Gulf Cooperation Council
(GCC) countries in recent years. However, the proportion of their contribution
to the economy has remained relatively stagnant. This aspect necessitates
exploration and attention from both the government and stakeholders.
Amin emphasized that the government and banks should provide
overseas Pakistanis in foreign countries, especially those in GCC states, with
incentives and technological solutions to amplify the inflow of remittances
from the oil-rich region.
Tufail Ahmed Khan, CEO of Dellsons Associates, stated, "The
conference has a distinct agenda of aiding overseas Pakistani workers who have
dedicated themselves to our country for extended periods, often while being
separated from their families, friends, and homeland. Additionally, the
conference will serve as a cornerstone in strengthening the overseas Pakistani
communities, predominantly in the Gulf region. This approach will empower them
to cultivate their professional and social networks for mutual benefit and
celebrate their cultural festivities alongside their fellow countrymen
abroad."
According to the State Bank of Pakistan (SBP), the portion of
overseas Pakistani workers residing in GCC region accounts for 52% of the
overall remittance inflow of $27.02 billion recorded in FY23.
Source: Pro Pakistani