Amid low foreign direct investment (FDI) and nominal export growth, the Pakistan Industrial and Traders Associations Front (PIAF) on Sunday said that foreign remittance flows are crucial to supporting the country’s financial balance, Frontier Post reported. The PIAF Chairman, Faheemur Rehman Saigol, said that overseas Pakistanis living in the Gulf should be further motivated to maintain upward momentum in remittances, as they contributed more than 60 per cent of the total inflows during the last couple of months.
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