Pakistanis living abroad should transfer their money through banking channels in order to increase foreign exchange reserves of the country.
This has been stated by Pakistan and Australia Business Council (PABC) President Mr. Iftikhar Rana and General Secretary Mr. Sadaqat Siddiq in a statement issued on 14 of November 2008.
The PABC office bearers have urged the overseas Pakistanis that they could make a valuable contribution in raising the foreign exchange deposits of Pakistan by sending their foreign remittances through official overseas channels.
The President and General Secretary of PABC reminded the Pakistanis living in Australia that one of these official channels is Citilink Finance (Australia) Pty (Formerly Habib Finance).
They said that Pakistan is in dire need of foreign remittances. Money sent through official sources like Citilink Finance would help build the rapidly depleting foreign exchange reserves of the country.
Pakistan is passing through a difficult phase where foreign exchange reserves of the country are very limited and needs support from overseas Pakistani’s residing all over the world to contribute in sending remittances to meet the import bills payments, they said.
Pakistan also welcomes foreign investment to reduce unemployment and strengthen the economy amid current global financial crisis. Foreign investment would also help overcome current financial crisis and overseas Pakistani business community can play a vital role in this regard.
Mr. Rana and Mr. Siddiq expressed the confidence that overseas Pakistanis would come forward and help their country by sending their money by utilising legal, safe, secure and quick banking service like Citilink Finance (Australia) Pty Ltd.