ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday stressed the need of comprehensive measures to enhance remittances to overcome economic challenges.
"More than six million Pakistanis are working abroad sending over $19 billion yearly which helps government keep trade gap in limits," Abdul Rauf Alam, President FPCCI said.
Rauf Alam urged for improving functions of departments dealing with export of manpower and those responsible for the welfare of expatriates.
The FPCCI president said that law enforcing agencies should be able to distinguish employment promoters from human smugglers and should not harass those who are responsible to get foreign exchange for the country and reduce unemployment.
Growth in remittances has always remained more than growth in the exports despite best efforts of the government and private sector to boost the later, he observed.
He also demanded of the government to establish training institutes as country is failing to fulfil the demand of skilled labour at home and overseas otherwise the issue of economic stability will resurface soon.
The economic growth projected by the international institution will be significantly lower than the rate required for absorbing the youth seeking jobs which can be resolved through tax and structural reforms and investment.
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