(BUSINESS) Pakistan streamlining its banking channels to attract remittances from Gulf.

DUBAI -- The flow of remittances from the Pakistani community in Dubai could increase manifolds through banking channels with the support of financial institutions, the dedicated government scheme, and community developers. Innovative service, incentives, and community building could encourage Pakistani workers in the UAE and Gulf region to utilize banking channels to support their country's economy in challenging times.

These were the views of speakers at the daylong conference "Remitlink23: Resilient Remittances" organized by Dellsons Associate in collaboration with the Embassy of Pakistan in UAE and Foreign Exchange and Remittance Group (FERG), according to a statement released on Saturday.

The event was sponsored by Dubai Islamic Bank, JazzCash, and Instant Cash.

Speaking as the chief guest, Faisal Niaz Tirmzi, Ambassador to Pakistan for UAE, said the UAE is the second largest host country in the world with over 1.6 million Pakistani nationals, and the number of Pakistani professionals coming to different states of this country is on the rise in recent months.

Pakistani professionals and workers in different states of the United Arab Emirates are resourceful, hardworking, and patriotic, having a deep sense of responsibility to serve their homeland through their valuable contribution, including sending remittances through banking channels, he said and added. The government recently took various initiatives to enhance flow of remittances which are expected to increase the use of banking channels among overseas Pakistanis.

Salman Hasan Khan, Head of Priority Banking and PRI Dubai Islamic Bank Pakistan, said the financial institutions played a crucial role in connecting overseas Pakistanis with their relatives in their homeland, but these institutions are working continuously to facilitate the Pakistani diaspora in different states of the UAE.

He pointed out that...