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Karachi (ANTARA News/Asia Pulse) - Pakistan Remittance Initiative (PRI) and Pakistan International Airlines Tuesday signed a Memorandum of Understanding to attract overseas Pakistanis to send their remittances through official channels.

Federal Minister for Finance and Economic Affairs, Shaukat Tarin, said the strategic alliance between PRI and PIA would help the government achieve its goal of formalising the remittance market in the country.

Remittances continued to show a rising trend as US$$3,832.64 million was received in first five months (July- November) of fiscal 2009-10, increasing US$866.13 million or 29.20 per cent over same period of last fiscal year.


Source:
Business in Asia Today - Jan 1, 2010
published by Asia Pulse

Editor: Ricka
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