Prime Minister Shehbaz Sharif has launched a significant initiative called the Buna-Raast Connectivity Project in Islamabad. This project aims to simplify and speed up the process of sending remittances from Arab countries to Pakistan. During the launch, PM Shehbaz also hinted at more initiatives that will be introduced to further support the people of Pakistan.
| Key Details | Information |
| Project Name | Buna-Raast Connectivity Project |
| Launch Date | August 23, 2024 |
| Main Objective | Streamline remittances from Arab countries to Pakistan |
| Future Initiatives | New economic policy, Apna Ghar Apni Chat scheme |
Table of Content
PM Shehbaz Sharif Unveils Buna-Raast Project
At the event, PM Shehbaz Sharif emphasized the importance of the Buna-Raast Project as a modern tool to strengthen the ties between Pakistan and the Arab world. The primary goal of this project is to make the transfer of money faster, easier, and more affordable for Pakistanis living in Arab countries. PM Shehbaz pointed out that this is Pakistan’s first real-time cross-border payment system, which will significantly improve the process of remittances.
Upcoming Initiatives by PM Pakistan
During the launch, PM Shehbaz Sharif also mentioned that a new five-year economic policy is in the works. This policy aims to address the current economic challenges faced by the country. It has been developed with input from key stakeholders and will focus on boosting various sectors such as information technology and agriculture. Finance Minister Muhammad Aurangzeb expressed confidence that these measures will help stabilize the economy and regain investor confidence. Structural reforms, especially in the power and fiscal sectors, are among the government’s top priorities.
Launch of the Apna Ghar Apni Chhat Scheme in Punjab
Punjab Chief Minister Maryam Nawaz recently launched the “Apna Ghar Apni Chhat” housing project. This initiative is designed to provide affordable housing with a simple application process and manageable payment plans. The goal is to build 100,000 houses across Punjab within the next four and a half years. The scheme is available online and can also be accessed through Maryam Nawaz’s office. It offers a great opportunity for residents of Punjab to own a home with financial assistance from the government.
Benefits of the Buna-Raast Connectivity Project
The Buna-Raast Connectivity Project is expected to have several benefits for Pakistanis, especially those living abroad. Some of the key advantages include:
- Faster Remittances: The real-time cross-border payment system will ensure that money reaches families in Pakistan more quickly.
- Lower Costs: The project aims to reduce the costs associated with sending remittances, making it more affordable for expatriates.
- Strengthened Ties: This initiative will help maintain strong economic and social ties between Pakistan and the Arab world.
These benefits highlight the importance of the project in improving the financial well-being of Pakistani families and strengthening international relations.
Conclusion
The launch of the Buna-Raast Connectivity Project by PM Shehbaz Sharif marks a significant step forward in making remittances easier and more affordable for Pakistanis living in Arab countries. This project, along with other upcoming initiatives like the new economic policy and the Apna Ghar Apni Chhat scheme, reflects the government’s commitment to improving the lives of its citizens. The Buna-Raast Project is poised to play a crucial role in enhancing Pakistan’s economic stability and fostering stronger ties with the Arab world.
Also Read: Apply Online for Your Own House: Punjab’s Interest-Free Loan Scheme for Low-Income Families
FAQs
1. What is the Buna-Raast Connectivity Project?
The Buna-Raast Connectivity Project is a new initiative launched by PM Shehbaz Sharif to streamline and speed up the process of sending remittances from Arab countries to Pakistan.
2. What are the benefits of the Buna-Raast Project?
The project aims to make remittances faster, and more affordable, and strengthen ties between Pakistan and the Arab world.
3. What other initiatives did PM Shehbaz Sharif announce?
PM Shehbaz Sharif mentioned that a new five-year economic policy is being developed to address the country’s economic challenges, focusing on sectors like IT and agriculture..