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Sorry, I haven’t used Adobe Premier Pro in about a year and a half (I use FCP).
First thing you’ll need is the image on one of the upper time lines so that it sits on top of all the other clips in your timeline.
There should be a setting in the the clip properties that adjusts the “Transparency” of the selected clip. You should need to add any additional effects to it to change this setting. Just adjust that until it is to the transparency you like.
Hope this helps.