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90,000 Pakistanis get overseas jobs in first 40 days of 2020

06:01 PM | 16 Feb, 2020
90,000 Pakistanis get overseas jobs in first 40 days of 2020

ISLAMABAD - The Ministry of Overseas Pakistanis and Human Resource Development has facilitated some 90,000 Pakistanis, to secure jobs in multiple fields of international labour market during the first 40 days of 2020.

“This is a good start for ‘2020’ and it seems that we will accomplish the target of 750,000 set for the current year,” a senior officer in the Bureau of Emigration and Overseas Employment (BEOE) told APP.

The foreign remittances, sent by Pakistani expatriates, were a potential source of boosting the country’s forex reserve (FER), he added.

The officer said over 63 per cent growth in manpower export was observed during the last year as 625, 203 Pakistanis went abroad for overseas employment in multiple trades compared to 382,439 in 2018.

Citing the State Bank of Pakistan (SBP) as the source, he said the foreign remittances had reached to $11.4 billion during the first half of 2019-20.

He hoped that the government might achieve $24 billion target of foreign remittances set for the current financial year.

The officer said the government had chalked out a comprehensive plan to boost flow of foreign remittances in the country by providing incentives to the Pakistani expatriates for using legal channels to send money to their homes.

The idea was worked out by a committee on remittances chaired by the Adviser to the Prime Minister on Finance & Revenue Hafeez Sheikh, he added.

He said the initiative would be launched shortly as the overseas ministry had suggested during the recent meeting that the plan should be implemented before the holy month of Ramazan due to high flow of remittances from Pakistani expatriates on the Eid-ul-Fitr.

Under the initiative, the officer said a card would be issued for the emigrants to give them multiple incentives like concession in air tickets and permission for bringing some extra quantity of luggage against the approved weight and two mobile phones.

The card holders’ families might be offered some packages on purchasing edible items from the utility stores, he added.

He said an expatriate would get the incentives against some points that he/she earned on swiping the card for the transfer of remittances.

Associated Press of Pakistan Corporation (APPC) - Pakistan's Premier News Agency

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 26 Feb 2024

Pakistani currency remains stable against US dollar in the open market on February 26, 2024 (Monday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.

Euro currently stands at 302 for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 26 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.5 282.55
Euro EUR 302 305
UK Pound Sterling GBP 352.5 356
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.37
Thai Bhat THB 7.79 7.94

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