• Thursday, November 15, 2018

Overseas Pakistanis remit $18 billion in first eleven months of FY18

Discussion in 'Pakistan Economy' started by BHarwana, Jun 17, 2018.

  1. BHarwana

    BHarwana ELITE MEMBER

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    [​IMG]
     
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  2. khanasifm

    khanasifm SENIOR MEMBER

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    But they do not have right/mechanisms to vote ??
     
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  3. American Pakistani

    American Pakistani ELITE MEMBER

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    No offense but nothing gonna change unless Pakistanis living inside Pakistan stop importing tons of useless stuff.

    A nation of 220 million humans should be producing most of what it consumes.
     
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  4. 313ghazi

    313ghazi SENIOR MEMBER

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    And this is the money sent through banks, not hawala, or cash taken by travellers. From the UK alone there are 6-7000 spouse visas issued a year to Pakistani nationals. Tens of thousands of pounds are spent at each of those weddings every year in Pakistan. Most of that money comes with the travellers.
     
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  5. Rafi

    Rafi ELITE MEMBER

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    Add to that house building, charity and land purchase, and it is a huge philup to the economy.
     
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  6. slapshot

    slapshot FULL MEMBER

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    Increase the local production and reduce imports!
     
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  7. defence_analyst

    defence_analyst BANNED

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    See how remittances growth have stalled. This is bad news for a country who breed like rats.
     
  8. DANCING GIRL

    DANCING GIRL SENIOR MEMBER

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    My beloved :pakistan:.You are very :welcome:.We overseas Pakistanis are your sons and daughters.We will never disappoint you.I hope Pakistanis and over seas Pakistanis will walk together, move together, think together, resolve together, and together we will take this country forward :cheers:.Inshallah
     
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  9. Karna_007

    Karna_007 BANNED

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    Top 10 Countries for Inward Remittances (Billions of Dollars), 2017

    a1.png
     
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  10. xyxmt

    xyxmt ELITE MEMBER

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    you are welcome
     
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  11. Karna_007

    Karna_007 BANNED

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    Interesting facts...

    a1.jpg
     
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  12. xyxmt

    xyxmt ELITE MEMBER

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    add to that money sent thru friends relative traveling back home, over 2 million expat visit Pakistan every year and bring spending money during their trips, eating out, buying gifts etc....50% of Pakistan economy depends on expats
     
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  13. Karna_007

    Karna_007 BANNED

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    A Pew Research study said that the number of Indians living abroad were much higher than the UN estimate for the same time. It said 15.6 million Indians were living abroad which meant 5% of all international immigrants were Indians.

    Incidentally, India was the top most country to receive remittances ($69 billion) from its migrants for the same year, followed by China ($64 billion) and Philippines ($29 billion).

    President and CEO of Western Union in an article for the World Economic Forum quoted a National Foundation for American Policy study said 33% of companies founded by migrants were started by Indians and 7% of all UK companies were set up by Indians.

    Within the US community alone, 21% of Indian migrants are in management, business or finance occupations, compared with 11% of all migrants. Meanwhile, 7% of all UK companies were founded by Indians. In the US, 33% of immigrant-founded companies had an Indian founder.

    https://www.thenewsminute.com/artic...be-country-receives-highest-remittances-58913

    In case of pakistan, if there are more millionaires and billionaires from pakistani origin then one way good for country and they have tendency to start business back at home(depends on investment climate)...

    @Maarkhoor @Umair Nawaz @Areesh @Pluralist @A.A. Khan @PAKISTANFOREVER
     
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  14. Yaseen1

    Yaseen1 SENIOR MEMBER

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    most overseas who send money back to Pakistan are doing low profile jobs as they cannot afford to keep families there so they send back money for their family but those who are more educated and do high level job buy property and keep their family in foreign country and send no money back to Pakistan
     
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  15. Maarkhoor

    Maarkhoor ELITE MEMBER

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    Because you are more in quantity not quality just like roaches.....Don't tag me again in any of your stupid and ugly post.
     
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