9 million overseas Pakistanis earn Pakistan more income than 200 million local Pakistanis

[not_two]

If whatever pakistan earns is exported it would have exceeded 300 billion$ ..So it's not right to blame father's and mothers who are working hard to maintain household expenses ..The one who sent remittance are not aliens ..they too are raised by these hard working parents ..

 

[Norwegian]

With a population of 220 million, Pakistan productivity measured in exports is very pathetic. This shows us to be lazy and without any vision.

 

[Norwegian]

I'm not sure what you're objecting to.

Even if all Pakistanis paid taxes in PKR, they won't have any income in USD. Paying more taxes is not the solution for lack of Pakistani income in USD.

Unfair title when comparing 'earning' of the 200 million+ Pakistanis with the 9 million Pakistani sending remittance. Firstly, Pakistan's GDP maybe low but it is not less than $30 billion. Secondly, what Overseas Pakistanis send to Pakistan is not for charity--it is to support their own families. Since April 2004, I have sent about $115,000 to help my family members; I don't feel I have done some great charity for Pakistan.

? Whatever overseas Pakistanis send to their relatives goes directly into Pakistani treasury as foreign exchange reserves because local Pakistanis don't use USD. Likewise Pakistani exporters are doing business for their own well being but whatever they earn from abroad also goes into Pakistani treasury as foreign exchange reserves. You have no idea how macro economics work.

 

[Norwegian]

26.7 billion is not what they earn. its what they are left with after paying for their household expense abroad. its their discretionary income

what they earn is 3-4 times that amount

This thread is not about how much overseas Pakistanis earn but what Pakistan earns from overseas Pakistanis via foreign exchange reserves

Our tax system stresses an already squeezed middle class. The real challenge is broadening the tax base so that the ones with the greatest hold over the economy actually pay up.

Pakistani income in USD has nothing to do with how much taxes Pakistanis are paying in PKR. Please stop commenting on economy if you don't know the basics of macro economics.

I am not sure how the comparison is made. For example, a company i worked for had 30 billion revenue but zero exports. There are 650,000 retails shop in Pakistan which have zero exports so how exactly their earning is reflected in how much Pakistanis earn inside Pakistan?

This thread is not about how much local Pakistanis or overseas Pakistanis are earning. It's about how much income Pakistan earns in USD through its local and overseas Pakistanis.

thread title is stupidly selected basically ignores the basic economic concepts of GDP & GNP

Title is correct. It shows how little Pakistan is earning in USD from local Pakistanis vs overseas Pakistanis

 

[Mk-313]

This thread is not about how much overseas Pakistanis earn but what Pakistan earns from overseas Pakistanis via foreign exchange reserves

Pakistani income in USD has nothing to do with how much taxes Pakistanis are paying in PKR. Please stop commenting on economy if you don't know the basics of macro economics.

No, this thread is more or less comparison of the productivity of 9 million abroad vs 220 million domestic population. By comparing remittances vs exports, both of which were incorrect respective of productivity

please stop commenting if you can’t even discern the proper topic and the ambience of the conversation. And you don’t even seem to know what macro-economics is.

And also here is something macro economics for ya. Remittances aren’t earned via foreign exchange reserves they are added to your foreign exchange reserves

 

[Imran Khan]

also what pakistan exports a big shear purchased by same pakistanis in oversease . specially food items and clothing .

 

[Norwegian]

No, this thread is more or less comparison of the productivity of 9 million abroad vs 220 million domestic population. By comparing remittances vs exports, both of which were incorrect respective of productivity

please stop commenting if you can’t even discern the proper topic and the ambience of the conversation. And you don’t even seem to know what macro-economics is.

This thread is not about productivity. Overseas Pakistanis are mostly working in low skilled, low income jobs. But since they get their wages in foreign currency, they earn Pakistan lots of foreign exchange in USD via remittances unlike local Pakistanis.

Remittances aren’t earned via foreign exchange reserves they are added to your foreign exchange reserves

Remittances is money earned by overseas Pakistanis which is deposited into country's foreign exchange reserves once it reaches Pakistan. So this is money what Pakistan earns in foreign currency from overseas Pakistanis.

 

[Mk-313]

This thread is not about productivity. Overseas Pakistanis are mostly working in low skilled, low income jobs. But since they get their wages in foreign currency, they earn Pakistan lots of foreign exchange in USD unlike local Pakistanis.

Go read at the orignal tweet. It’s comparing 9 million people with $26.7 billion remittances to 220 million people with $25 billion of exports

In essence implying that 9 million people are earning more than 220 million people ... ergo being more productive e

Whatever work they do is irrelevant.... in economics your productivity is measured in the gdp/capita youre Producing.

Lastly, the concept of PPP and nominal gets jumbled up because you are implying that they earn in local money it should not be calculated as such... but most of your economy is run on nominal bases. Even the agriculture you produced is impacted by oil from running machine to transportation of that agriculture to local markets. And that oil will be sold to you in dollar you won’t get more oil simply because your local currency is valued lower than the dollar

 

[Norwegian]

Go read at the orignal tweet. It’s comparing 9 million people with $26.7 billion remittances to 220 million people with $25 billion of exports

In essence implying that 9 million people are earning more than 220 million people ... ergo being more productive e

You still don't understand the comparison. Are 9 million overseas Pakistanis into export business? No, they are mostly low skilled, low wage workers. Yet they earn Pakistan more foreign exchange than 200 million local Pakistanis. Why? Because they earn their living in foreign currency unlike local Pakistanis.

 

[Mk-313]

You still don't understand the comparison. Are 9 million overseas Pakistanis into export business? No, they are mostly low skilled, low wage workers. Yet they earn Pakistan more foreign exchange than 200 million local Pakistanis. Why? Because they earn their living in foreign currency unlike local Pakistanis.

Sigh
Dude you’re not getting the comparison and I went over with u multiple times . And technically yes they are exporting dollars to your country

 

[Samurai_assassin]

I know some hardworking Pakistanis in Britian who earn a minimum wage but always send money back to their family in Pakistan. One friend told me he supports his entire family in Pak, his younger brothers in Pak are fit and well but unemployed.

 

[Norwegian]

Sigh
Dude you’re not getting the comparison and I went over with u multiple times . And technically yes they are exporting dollars to your country

A Pakistani dish washer in Pakistan earns 10,000 PKR a month vs an overseas Pakistani dish washer in Norway who earns 10,000 NOK a month. Why is the one in Norway more productive? Both are doing same kind of labor. Only difference is one in Norway is earning his wage in foreign currency unlike the one in Pakistan.

 

[H!TchHiker]

Overseas Pakistanis send money to there families ...not charity or at discounted rate to Pakistan treasury ....they will continue to send until they have relatives and families in pakistan to support...
Comparison is not justified ...it reflects the overall success of countries where overseas Pakistanis are residing ...they happen to be beneficiary of overall system like others ...
It's being so long the should stop of portray themselves being more patriotic then those living and facing harsh ground realities in pakistan ..at least they have stake in fate of pakistan ..

 

[Norwegian]

Overseas Pakistanis send money to there families ...not charity or at discounted rate to Pakistan

How is this any different from Pakistani exporters? Are they doing charity when they earn their business profits in foreign currency which are later deposited into Pakistan's foreign exchange reserves.

 

[H!TchHiker]

How is this any different from Pakistani exporters? Are they doing charity when they earn their profits in foreign currency?

No...everybody is serving his self interest ..exporters do export since they earn money ...