Govt should arrest fall in workers remittances: PEW
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The Pakistan Economy Watch (PEW) on Thursday said the government should take steps to contain further contraction in the critical sector of workers remittances which is as important as exports.
Remittances have fallen by four percent in the last year, therefore, steps are needed to arrest the trend in the national interest, it said.
Concerned ministry, departments and law enforcing agencies should not discourage people involved in sending labour abroad as they are playing important role in keeping forex reserves stable, said Dr. Murtaza Mughal, President PEW.
He said that Private sector has to invest around fifteen billion dollars as input costs to realise exports of twenty billion dollars but expats spend their own money to go abroad send money without any involvement of the government.
