Launch of a new plan for remittances of Pakistanis from Arab countries
Pakistan’s digital payment system Rast has been linked to Bona established under the Arab Monetary Fund, Pakistanis living in Arab countries will be able to send money quickly, efficiently and at low cost.
Taking a historic step for overseas Pakistanis, Prime Minister Muhammad Shahbaz Sharif launched a new plan for remittances of Pakistanis from Arab countries. According to the details, Prime Minister Muhammad Shahbaz Sharif launched the Buna/Raast connectivity project in Islamabad, under the project, Pakistan’s digital payment system Raast was connected with Buna established under the Arab Monetary Fund.
It has been reported that the implementation of a fast, effective and low-cost plan to send funds to overseas Pakistanis has started with the project. By linking the direct initiative with Bona, the facility of sending funds to millions of Pakistanis living in Arab countries is facilitated in a fast, effective and low-cost manner. If available, the project will not only facilitate the transfer of funds for overseas Pakistanis, but will also increase remittances. Will be able to send the pass.
Addressing the ceremony on this occasion, the Prime Minister said that this important initiative will further strengthen our historic ties with the Arab world in a modern digital way. To facilitate remittances, this is Pakistan’s first cross-border instant payment system that will make remittances more affordable and accessible.
He further said that what is making my work difficult is FBR and now its digitization is happening, Melinda Foundation is helping us for this and Mackenzie is our consultant firm, my other big challenge is power sector. , we are also introducing a Home Grown Economic Programme, will soon announce a five-year Home Grown Economic Programme, which has been discussed with stakeholders over the last several months, this program will cover various sectors including economy and agriculture and IT. Will envision measures for improvement.
