10 billion dollars increase in foreign remittances in 4 years. Good job overseas Pakistanis!

[HttpError]

Remittances are not taxes so don't expect anything in return

You will be getting voting rights so don't worry

So equally don't expect them to send remittances back home they should rather invest in countries which will get them rights and better quality of life.

 

[Norwegian]

Oh, does that mean your deposits are subject to currency fluctuations? I thought these Roshan accounts are an analogous to FCNR accounts in India. If they are not, then I have nothing to feel jealous about

Yes, Roshan Accounts give you interest on PKR converted from USD deposits not on USD directly
This Govt is not foolish / corrupt / incompetent like the former one that promised dollar returns upto 30 percent in CPEC projects

So equally don't expect them to send remittances back home they should rather invest in countries which will get them rights and better quality of life.

Well if overseas Pakistanis stop sending remittances, Pakistan will go bankrupt that will go over their loved ones in Pakistan

 

[Wood]

Yes, Roshan Accounts give you interest on PKR converted from USD deposits not on USD directly
This Govt is not foolish / corrupt / incompetent like the former one that promised dollar returns upto 30 percent in CPEC projects

So these deposits are not sound investment vehicles for the overseas community. It is indeed impressive to see the swelling of deposits despite this handicap

 

[Azadkashmir]

Scammed, killed and told we are not Pakistanis

let me add, blackmailed, extorted, might as well call it blood sacrifice.

 

[Mav3rick]

10 billion dollars increase in foreign remittances in 4 years. Good job overseas Pakistanis!
View attachment 808794
@FOOLS_NIGHTMARE @muhammadhafeezmalik @Mav3rick @Patriot forever @Jazzbot @Zibago @koolio @Del @Dual Wielder @Verve @Tameem @Jungibaaz @farok84

It is not like the overseas Pakistanis are doing it out of love, they are merely sending money to their families.

The increase through Banking Channels is natural if you consider all the causes, COVID-19, crackdown on Hundi/Hawala etc., however, the money was always coming in, mostly through Hundi/Hawala.

Overseas Pakistanis were sending same money since decades, but due to daku raaj and corrupt nawazu zardari khan hundi hawala business was in peak , now FIA controlled 50% hunda hawala business, still there is huge illegal transactions going on with hunda hawala channel

Imran Khan has done such a number on some of you that everything naturally has to be blamed on others without even understanding if it matter or not.

Hundi/Hawala was bad, any idea why it was bad if it was and to what extent? Hundi/Hawala was illegal? Is it illegal in first world countries like the UK????

 

[Wood]

Yes, Roshan Accounts give you interest on PKR converted from USD deposits not on USD directly
This Govt is not foolish / corrupt / incompetent like the former one that promised dollar returns upto 30 percent in CPEC projects

What is the difference between PKR and USD interest rates below?

Naya Pakistan Certificates (for Roshan Digital Account Customers)

www.bankalfalah.com

The website clearly says the certificates are currency denominated. I don't read that all deposits will be converted to PKR for calculation of interest. Even a 7% interest rate is pretty good of the returns are in USD.

 

[GHALIB]

10 billion dollars increase in foreign remittances in 4 years. Good job overseas Pakistanis!
View attachment 808794
@FOOLS_NIGHTMARE @muhammadhafeezmalik @Mav3rick @Patriot forever @Jazzbot @Zibago @koolio @Del @Dual Wielder @Verve @Tameem @Jungibaaz @farok84

Too much dependence on remittances is not very good for economy of a big nation .

 

[Mav3rick]

Literally never seen that picture before but not surprised

The people are too fuc*ed for him to even make a positive meaningful impact. Behind the scenes, the corrupt businessmen, politicians are probably trying to restrict, threaten, overthrow him. He requires motivation and mass support.

He needs to pitch his future plan and goals to the military, gain their full support, and start slaughtering the corrupt. I honestly don't care if he pockets a high salary in the process but if there is progress, it's worth the trade

With the entire Judiciary and Military standing 100% behind him, he is still failing on all damned fronts. This is NOT incompetence alone, this is a mixture of extreme incompetence, corruption and Ego. We are going from bad to worse and next year will be even worse.

Even if Imran khan remains in power for another 70 years, the youthias will continue to blame PML/PPP/Musharraf/Jinnah and probably Gandhi too for the next 70 years if Imran Khan remains in power. Every year is worse off than the previous year so much so that now we have to accept dictation from IMF resulting in compromising of our sovereignty and remaining rag tag pride and yet Imran Khan is the best.....my God!!!

 

[aziqbal]

Pakistan exports from 230 million Pakistanis = $24 billion

Total remittance from 1 Million overseas Pakistanis = $ 31 billion

Another worlds 1 million overseas are working 1.5 times harder than 230 Million Pakistanis

shameful statistics

 

[Norwegian]

It is not like the overseas Pakistanis are doing it out of love, they are merely sending money to their families.

So? it's still ten billion dollar increase from 2018. All this money will go to pay for Pakistan's debt repayments left by past govts and future imports

What is the difference between PKR and USD interest rates below?

Naya Pakistan Certificates (for Roshan Digital Account Customers)

www.bankalfalah.com

The website clearly says the certificates are currency denominated. I don't read that all deposits will be converted to PKR for calculation of interest. Even a 7% interest rate is pretty good of the returns are in USD.

In that case it's not bad investment at all

Too much dependence on remittances is not very good for economy of a big nation .

Of course. But we need every dollar now to get rid of perpetual IMF dependence and to avoid future default

 

[Norwegian]

With the entire Judiciary and Military standing 100% behind him, he is still failing on all damned fronts.

Judiciary standing behind Imran Khan? Is this supposed to be a joke? Judiciary is the biggest hindrence in this govt protecting all the mafias including opposition's corrupt politicians

Pakistan ranks 130 out of 139 countries in adherence to rule of law

ISLAMABAD: The World Justice Project’s Rule of Law Index 2021 report shows that Pakistan is among the lowest ranked countries in its adherence to the rule of law, ranking 130th out of 139...

www.thenews.com.pk

Police and judiciary among most corrupt institutions in Pakistan: Survey - South Asia News

Survey also revealed top public services for which people paid bribes to get access

www.wionews.com

Every year is worse off than the previous year so much so that now we have to accept dictation from IMF resulting in compromising of our sovereignty and remaining rag tag pride and yet Imran Khan is the best.....my God!!!

Wish to avoid IMF in future? Stop bankrupting the economy every 5 years

 

[Mav3rick]

So? it's still ten billion dollar increase from 2018. All this money will go to pay for Pakistan's debt repayments left by past govts and future imports

That was always the case, even with Hundi/Hawala the USD and other foreign currencies would end up at Money Exchanges and ultimately into Banks. Nothing has changed really, except that now it is documented whereas Hundi/Hawala was largely undocumented.

 

[Enigma SIG]

Pakistan exports from 230 million Pakistanis = $24 billion

Total remittance from 1 Million overseas Pakistanis = $ 31 billion

Another worlds 1 million overseas are working 1.5 times harder than 230 Million Pakistanis

shameful statistics

Majority Pakistani's are busy selecting Nawaz and Zardari as their next abba. They are working harder than you think.

 

[Norwegian]

That was always the case, even with Hundi/Hawala the USD and other foreign currencies would end up at Money Exchanges and ultimately into Banks. Nothing has changed really, except that now it is documented whereas Hundi/Hawala was largely undocumented.

Nothing has changed and yet Pakistan's foreign exchange reserves, remittances, exports is hitting their peaks

 

[Mav3rick]

Judiciary standing behind Imran Khan? Is this supposed to be a joke? Judiciary is the biggest hindrence in this govt protecting all the mafias including opposition's corrupt politicians

White collar crime (and the way our countrymen are involved in corruption, payment usually outside the country) is neither easy to trace nor easy to prove in courts, especially when the money is parked in jurisdictions which do not want to cooperate. Otherwise the Supreme Court has done all that it could to facilitate Imran Khan, to the extent of disqualifying a PM. NAB has done all it could, perhaps even doing many things illegally. The Military and ISI have done everything they could, except maybe against PPP with which they seem to be in a deal.

Nothing has changed and yet Pakistan's foreign exchange reserves, remittances, exports is hitting their peaks

Oh come on, why are you arguing uselessly? What has remittances got to do with exports? I was speaking very specifically about remittances and difference in the past 3-4 years caused mostly by FATF (Ban on Hundi/Hawala) and also by COVID (Cash Couriers) resulting in Banking Transfers.