Pakistan, Nov. 3 -- Minister of State and Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA) Bilal Bin Saqib stated that reducing remittance costs could significantly boost national financial inflows. Speaking in an official statement, he highlighted that reducing transaction costs by just two to three percent could bring an additional one billion dollars into the domestic economy annually. Furthermore, foreign remittances remain a primary source of foreign exchange reserves for Pakistan's national treasury. Consequently, federal authorities are focusing on modernizing cross-border payment channels to maximize capital inflows from overseas workers. Therefore, government bodies are taking concrete steps to streamline inte...