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Over 3.41 mln manpower sent abroad since 2014

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Over 3.41 mln manpower sent abroad since 2014

ISLAMABAD: As many as 3.41 million of Pakistani workforce were sent abroad for different jobs during the last five years, the data shared by Bureau of Emigration and Overseas Employment revealed.

During this period, the Kingdom of Saudi Arabia (KSA) had remained most attractive destination for the national workers as data showed over two million manpower went there for various job opportunities.

United Arab Emirates followed the KSA with 1.4 million while Oman was the third largest country where Pakistan sent over 0.2 million of its work force.

The emigration of Pakistani labour abroad saw its peak in 2015 when the country exported some 0.95 million of its workforce abroad, the report highlighted.

Since then the emigration trend witnessed a sharp decline due to some economic reforms in the middle east countries which resulted into the return of huge number of manpower back home, the report added.

In 2016, the number of emigrants went down to 0.84 million while a drastic decline was seen in 2017 when the number again returned to the numbers of 2011 which was dropped to 4,56,893.

According to the official sources here on Friday, gulfization policy in Gulf Cooperation Council (GCC) countries was a major reason behind this decline as these states had adopted a framework to change their status from oil based economy to services based economy.

The sources said the workforce was also facing the competitiveness issues in the international job markets as the manpower was not equip with the skills at par with global standards.

They also underlined the need for creating awareness among masses about foreign job opportunities by using social , print and electronic media.

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Pakistan Post opens its rest houses for general public at cheaper rates

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E-Commerce initiative at Pakistan Post

ISLAMABAD: The Pakistan Post has opened its rest houses, across the country located at attractive places for the general public and tourists at cheaper rates.
In an interview, spokesperson of Pakistan Post said that to promote tourism in the country and generate more revenue for the department the initiative has been taken on the directions of the Minister for Communications and Postal Services Murad Saeed.
He said that earlier, these rest houses were being used by the officials of Pakistan Post only but now the general public could have access to those places for recreational activities, he added.
He said that the postal rest house has been divided into three categories in the category ‘A’ located in Karachi, Multan, Jhelum, Mianwali, Rawalpindi, Peshawar, Nathia Gali, Hyderabad, Sukkur, Shadman Lahore, Lahore Cantt, Sialkot General Post Office (GPO), Sialkot Cantt, Faislabad GPO and Quetta, tourist would be charged Rs 3,000 per day.
However, for the rest houses fall in the category “B” including rest houses in Attock, Murree GPO, Gujrat, Sargodha, Layyah, Chitral, Abbottabad, Ayubia, Kohat, D I Khan, Mirpurkhas, Sorab, Amri, Taftan, Qallat, Muzzaffarbad, Mirpur, Kotli, Gilgit, Sust and Skardu would be charged Rs 2,200, he added.
Similarly, for rest houses in Pindi Point Murree, Saidu Sharif, Bannu, Ziarat and Sialkot Cantt, which fell in category ‘C’, per day rent of Rs 1,200 has been fixed.

 

 

 

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IMF program to ensure sustainable, inclusive growth in Pakistan: IMF

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ISLAMABAD: The International Monetary Fund on Friday said that the programme with Pakistan was aimed at improving its public finances, reducing public debt and helping Pakistan get back on the path to a sustainable and more inclusive growth.

“We hope that the programme can also create fiscal space for a substantial increase

in social spending, to strengthen social protection, as well as infrastructure and other human capital development,” Director Communication Department of the IMF, Jerry Rice said in an online press briefing.

Updating the Pakistan’s recent programme with IMF, Rice said there had been major developments recently as Pakistan and the IMF had the agreement of a $6-billion three-year extended Fund facility to support Pakistan’s economic reform efforts.

“So that happened on May the 12th. Just prior to that, Managing Director, Christine Lagarde, had met with Prime Minister Khan”, he added.

 

 

 

 

 

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PTI Govt to present its first budget on June 11

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Govt taking steps for strengthening national economy

ISLAMABAD: The Pakistan Tehreek-i-Insaf led government is all set to present its first federal budget for the fiscal year 2019-20 in the parliament on Tuesday.

The finance ministry has been engaged in finalizing the budget and had been directed by the Adviser to the Prime Minister on Finance, Revenue and Economic Affairs, Dr. Abdul Hafeez Shaikh to timely complete all the budget process before its presentation on the fixed date, sources said.

The budget would have main focus on measures for reducing fiscal deficit and enhancing revenues.

Prior to the presentation of the federal budget, the government would launch the pre-budgetary document Economic Survey of Pakistan (2018-19) on Monday, June 10 to share key economic indicators and the performance of different sectors of economy during the fiscal year 2018-19, sources said.

The survey will cover the development of all the important sectors of economy, including growth and investment, agriculture, manufacturing, mining, fiscal development, money and credit, capital markets, inflation, debt and liabilities.

 

 

 

 

 

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