President Asif Ali Zardari on Saturday held two separate meetings, one with the money exchange companies and the other on crop insurance here at Bilawal House.
The meetings were also attended by Governor Sindh Ishrat-ul-Ebad Khan and senior federal and provincial government officials.Presidential Spokesperson Farhatullah Babar said that talking to the representatives of leading money exchange companies, the President said that the government had given increased incentives to expatriate Pakistanis to remit foreign exchange to Pakistan.
He said the government recognized this sector of economy and wanted to strengthen it further through a policy of ‘recognize, incentivize and patronize’.
The President said that foreign remittances during 2007 were around 6 billion dollars which have increased to 11 billion dollars now due to the policy of incentives.
President Zardari said that there was great potential of further increasing the foreign remittance, which could cross the 15 billion dollars a year mark if the expatriate Pakistanis were offered adequate incentives.
The President called upon the money exchange entrepreneurs to improve their services and play a more pro-active role.