KARACHI: Saudi Arabia remains the main source of Pakistan’s remittances despite global business shutdowns amid the coronavirus pandemic, central bank data showed on Monday.
Overseas Pakistani workers sent about $18.78 billion back home between July 2019 and April 2020, 5.5 percent more than in the previous fiscal year, with $4.4 billion remitted from Saudi Arabia alone, according to a statement issued by the State Bank of Pakistan (SBP).
Contrary to the expectations of most economists that money inflows would decline as many workers have been furloughed and repatriated amid the pandemic, $451.4 million was sent back home from Saudi Araba by Pakistani workers — 5.4 percent more than last year and only 0.2 percent less than in March 2020, SBP data showed.
Total remittances the country received in April amounted to $1.79 billion, 5.5 percent less than in the previous month.
The US emerged as Pakistan’s second largest remittance contributor after Saudi Arabia, with inflows of $401.9 million in April, followed by the United Arab Emirates with $353.8 million, and the United Kingdom with $226.6 million.
According to experts, there has been an increase in the use of official channels for money transfers in the wake of international flight suspensions and movement restrictions.
“As the airline industry is not operational, people who used to send money through personal contacts have resorted to the official channels,” Muzamil Aslam, senior financial expert, told Arab News.
But since layoffs are still expected to affect overseas Pakistanis, a government intervention may be required to further discourage unofficial transfers to sustain money inflows from abroad.
“Sustaining remittances with expected job losses abroad requires an unprecedented intervention to bring between $5 billion and $10 billion of hawala or hundi money through legal channels,” said Dr. Khaqan Hassan Najeeb, former adviser at the Ministry of Finance.
Hawala and hundi are informal ways of transferring money across borders.
Najeeb told Arab News that incentive programs such as lotteries could help put an end to illegal money transfers.
According to the Ministry of Finance, from July withholding tax exemption will be introduced for incoming remittances, while National Remittance Loyalty Program will be launched in September in collaboration with major commercial banks and government agencies to incentivize remitters.
Middle Eastern countries are major job markets for Pakistani workers. Since the beginning of this year alone, the region has provided employment to more than 171,500 Pakistanis — nearly 105,000 in Saudi Arabia alone, according to the Bureau of Emigration and Overseas Employment.
Concerns are rising, however, whether workers will still be able to seek overseas jobs, as labor markets, also in the Middle East, have been upended by the coronavirus outbreak.
“More than 100,000 visas were issued prior to COVID-19. Some 65,000 people were ready to fly, but now their future is uncertain,” said Ikram Qureshi of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI).
“Around 70,000 workers have already registered themselves for repatriation from the Middle east region,” he added.
Pakistan's remittances from Saudi Arabia remain high despite economy slowdown
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Pakistan's remittances from Saudi Arabia remain high despite economy slowdown
- Remittances from Saudi Arabia in April were 5.4 higher than last year
- Inflows through official channels are on the rise amid international movement restrictions
Pakistan PM hails late premier Benazir Bhutto’s legacy on 17th death anniversary
- Bhutto was assassinated on Dec. 27, 2007, in a gun and bomb attack during a rally in Rawalpindi
- Benazir Bhutto was a ‘champion of democracy’ and an ‘icon of courage and resilience,’ Sharif says
ISLAMABAD: Prime Minister Shehbaz Sharif on Friday paid a tribute to Benazir Bhutto, Pakistan’s first woman premier, on her 17th death anniversary, describing her as a “champion of democracy.”
Bhutto was elected prime minister twice before being tragically assassinated on Dec. 27, 2007, in a gun and bomb attack during a rally in the garrison city of Rawalpindi, following her return to the country after eight years in exile. She had had a complex and often adversarial relationship with Sharif’s elder brother, three-time former premier Nawaz Sharif, marked by both rivalry and cooperation.
Despite their differences, both Bhutto and Nawaz united in 2006 to sign the “Charter of Democracy,” which aimed to strengthen democratic institutions and prevent military interventions in the South Asian country. The charter remains a significant chapter in Pakistan’s political history, symbolizing the potential for dialogue and reconciliation between political rivals.
“Today, we commemorate the 17th anniversary of the martyrdom of Shaheed Mohtarma Benazir Bhutto,” PM Sharif said in a post on X.
“A champion of democracy, and a staunch advocate of the power of dialogue and reconciliation in the political process, Mohtarma Benazir Bhutto remains an icon of courage and resilience.”
Sharif underlined that the charter of democracy signed between Bhutto and Nawaz stood “as a testament to her enduring legacy.”
He extended his respects to Bhutto’s family, including President Asif Ali Zardari, former foreign minister Bilawal Bhutto-Zardari, and the party’s supporters who continue to “proudly carry forward her vision and advance her ideals.”
Pakistani ministry, Saudi Airlines ink agreement to facilitate Hajj pilgrims — state media
- Saudi Arabia has allotted Pakistan a Hajj quota of 179,210 pilgrims, to be divided between government and private schemes
- Saudi Airlines will provide travel services for 35,000 Pakistani government-sponsored Hajj pilgrims under the new agreement
ISLAMABAD: Pakistan’s religious affairs ministry has signed an agreement with Saudi Airlines to facilitate travel of Pakistani Hajj pilgrims, Pakistani state media reported on Thursday.
Saudi Arabia has allotted Pakistan a Hajj quota of 179,210 pilgrims, to be divided equally between government and private schemes.
Under the agreement with the Pakistani religious affairs ministry, Saudi Airlines will provide travel services for 35,000 Pakistani government-sponsored Hajj pilgrims, the state-run APP news agency reported.
“The agreement was formalized during a ceremony attended by Sultan Al-Harbi, Country Manager of Saudi Airlines in Pakistan, and Dr. Syed Ata-ur-Rehman, Additional Secretary of the Ministry of Religious Affairs and Interfaith Harmony,” the report read.
“This collaboration follows a previous agreement between the Ministry of Religious Affairs and Pakistan International Airlines (PIA), which also pledged travel arrangements for 35,000 pilgrims as part of this year’s Hajj operations.”
The religious affairs ministry has also signed an agreement with the Pakistan’s National Testing Service (NTS), which will hold exams for the selection of supervisors and assistants for next year’s pilgrimage, the ministry said this month.
Pakistan selects hundreds of assistants and doctors from federal and provincial government departments via a competitive process every year to facilitate local pilgrims in performing the rituals of the annual pilgrimage in Saudi Arabia. The ministry said it would “soon” announce the selection through an advertisement.
The Pakistani government approved a new Hajj policy in November.
The cost of next year’s Hajj under the government scheme is expected to range between Rs1,075,000 to Rs1,175,000, while an additional cost for the sacrifice of animals during the pilgrimage will be Rs55,000, according to the ministry.
The first installment of Hajj dues, amounting to Rs200,000, have to be deposited at the time of the application, while the second installment of Rs400,000 will be paid within ten days of the balloting and if your name is picked in the lucky draw. The remaining amount can be paid by Feb. 10 next year.
Pakistan arrests woman among two more human smugglers after deadly Greek shipwreck
- The boat capsize near the Greek island of Gavdos killed at least five Pakistani nationals this month
- The arrests come days after Pakistan PM Shehbaz Sharif ordered a crackdown on human smugglers
ISLAMABAD: Pakistani authorities have arrested a woman among two more human smugglers after a recent boat tragedy off the coast of Greece that killed at least five Pakistanis, the Federal Investigation Agency (FIA) said on Thursday, an intensified crackdown on human smuggling networks.
The arrests come in the wake of the boat capsize this month near the Greek island of Gavdos, which highlighted the perilous journeys many migrants undertake, often driven by conflicts in the Middle East. In the case of Pakistani nationals, economic challenges push many young individuals to attempt dangerous crossings to Europe in search of better financial prospects.
The issue of illegal immigration to Europe came under greater scrutiny in the South Asian country last year when hundreds of migrants, including 262 Pakistanis, who were en route to Greece from Libya, drowned after an overcrowded vessel capsized off the southwestern Greek coastal town of Pylos.
On Thursday, the FIA said it had apprehended suspects, Isha Fatima and Abdullah Shehzad, who were involved in both incidents, in Gujranwala city of Pakistan’s most populous Punjab province, while the agency was conducting raids for the arrest of other human smugglers.
“Female human trafficker Isha Fatima is involved in the Greek boat accident, while proclaimed offender Abdullah Shahzad is involved in the Libya boat accident that occurred in 2023,” it said in a statement.
“Isha Fatima, with the connivance of other accomplices, trafficked one of the Pakistanis from Libya to Greece via boat. The Pakistani national was rescued in the Greek boat accident [this month].”
The woman suspect had received Rs4.5 million ($16,189) from the survivor, according to the investigation agency. The other suspect, Shehzad, had been involved in the 2023 incident that killed more than 250 Pakistani nationals. He had taken Rs2.9 million ($10,433) from each victim for sending them abroad.
The development came days after the FIA said it had apprehended two suspects in Punjab’s Gujranwala and Gujrat, who were involved in this month’s boat capsize.
Pakistan’s Prime Minister Shehbaz Sharif this month called for enhanced cooperation with international agencies, seeking swift action against human trafficking networks. He also instructed the FIA to compile a detailed report on migration-related incidents over the past year and implement an Integrated Border Management System (IBMS) to monitor and prevent illegal movement.
“A crackdown on elements involved in the Greek boat tragedy is underway. All resources are being utilized to arrest the suspects,” Abdul Qadir Qamar, FIA Gujranwala zone director, said on Thursday.
“In the light of solid evidence, the accused will be handed down stern punishment.”
Islamabad vows to extend ‘practical support’ to rehabilitate Palestinian educational institutions
- At least 625,000 children have been denied entire year of school due to Israel’s war on Gaza, says UNICEF
- Pakistan and COMSTECH have partnered to provide fully funded scholarships for hundreds of Palestinians
ISLAMABAD: Pakistan’s Education Minister Dr. Khalid Maqbool Siddiqui on Thursday vowed to extend “practical support” to rehabilitate educational institutions in Palestine, the OIC’s Standing Committee on Scientific and Technological Cooperation (COMSTECH) said.
Israel’s military campaigns in Gaza since Oct. 7, 2023, have killed over 44,000 Palestinians. Israel’s bombardment has dealt a heavy setback for education in the area, and according to a report by UNICEF, 625,000 children have been denied an entire school year in Gaza. With the conflict still ongoing, they face the high risk of a second year without education.
COMSTECH, in collaboration with the Association of Private Sector Universities of Pakistan (APSUP), initiated a program in 2021 offering 500 fully funded scholarships and fellowships to Palestinian students. This number was increased to 5,000 scholarships in 2023. Many Palestinian students have already arrived in Pakistan under this program and are pursuing full-degree programs.
Siddiqui, along with COMSTECH Coordinator General Dr. Muhammad Iqbal Choudhary, visited the Palestinian embassy in Islamabad to discuss matters related to education with Palestinian Ambassador Dr. Zuhair Zaid.
“He [Siddiqui] assured that Pakistan is committed to extending practical support for the rehabilitation of educational institutions in Palestine,” a press release by COMSTECH said.
The Pakistani minister reiterated his government and people’s steadfast support for Palestine, COMSTECH said.
“Sharing insights from his recent visit to Oman, he revealed discussions with educational ministers from other countries about joint actions to assist Palestine in the education sector,” it added.
Siddiqui said he has proposed convening an extraordinary meeting of the education ministers from OIC member countries in Islamabad to devise a “comprehensive long-term plan for supporting Palestine.”
Zaid expressed thanked the government, COMSTECH and people of Pakistan, the OIC body said.
“He acknowledged their steadfast support, emphasizing that these efforts will never be forgotten by the Palestinian people,” the statement said.
Pakistan PM visits Azerbaijan embassy, condoles loss of lives in Kazakhstan plane crash
- At least 38 people were killed when Azerbaijan Airlines passenger plane crashed in Kazakhstan’s Aktau city
- Shehbaz Sharif says ties between Pakistan and Azerbaijan rooted in shared religious and cultural values
ISLAMABAD: Prime Minister Shehbaz Sharif visited Azerbaijan’s embassy in Islamabad on Thursday to condole over the loss of lives in the Azerbaijan Airlines plane crash in Kazakhstan, the Prime Minister’s Office (PMO) said.
At least 38 people were killed when an Azerbaijan Airlines passenger plane with 67 people on board crashed near the Kazakhstan city of Aktau on Wednesday. The Embraer 190 aircraft was en route from the Azerbaijani capital of Baku to the Russian city of Grozny in the North Caucasus.
The Pakistani prime minister visited the Azerbaijan embassy in Islamabad where he met Khazar Farhadov to offer his condolences over the incident.
“In this hour of grief, the government of Pakistan and the people of Pakistan express their complete solidarity with the brothers and sisters of Azerbaijan,” Sharif was quoted as saying by the PMO.
The Pakistani prime minister prayed for the speedy recovery of all injured in the blast.
“Azerbaijan and Pakistan have strong relations of brotherhood based on shared religious and cultural values,” Sharif said.
Pakistan has eyed closer economic cooperation with Central Asian states such as Azerbaijan in recent months as the South Asian nation faces an economic crisis.
During Azerbaijan President Ilham Aliyev’s two-day visit to Pakistan in July, both nations agreed to enhance the volume of bilateral trade to $2 billion, vowing to strengthen ties and increase cooperation in mutually beneficial economic projects.
They also signed the Pakistan-Azerbaijan Preferential Trade Agreement to boost economic cooperation through the reduction of tariffs on goods like Pakistani sports equipment, leather, and pharmaceuticals as well as Azerbaijani oil and gas products.
