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

[Norwegian]

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.

It's nothing. Courts are protecting the mafias by granting them stay orders against govt orders. Courts are not ending old cases against opposition leaders. All of their appeals against convictions in corruption cases from lower courts is still pending in high courts and supreme court. Lower courts are helping the crooks by giving them date after date instead of speedy trials. This corrupt justice system is the biggest hindrence in governance of Pakistan.

 

[Mav3rick]

It's nothing. Courts are protecting the mafias by granting them stay orders against govt orders. Courts are not ending old cases against opposition leaders. All of their appeals against convictions in corruption cases from lower courts is still pending in high courts and supreme court. Lower courts are helping the crooks by giving them date after date instead of speedy trials. This corrupt justice system is the biggest hindrence in governance of Pakistan.

Weak and corrupt Judiciary hearing cases by the worst of the worse (Laywers) putting up evidence by incompetent and weak investigation. All the bricks are lose, there is nothing concrete and this system allows them all to walk free. This is deliberate.

 

[Eight Pass Charlie]

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

also consider that the remittances is most likely some peoples (1mil) pocket change not even everyone living abroad (9 mil), VS the total exports of a multiple industries in pakistan, this paints an even more abysmal picture

... some Pak Muslims living in lands of the kafir/other Muslim countries , vs a whole sector in the Islamic Republic of Pakistan ...

 

[Jazzbot]

I moved to Bahrain 5 years ago, this is mostly due to me

 

[Ali_Baba]

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

Alot of the "Hunda Hawala" happens via the UAE as the controls in UAE are quite poor. Hopefully the UAE goes onto the FATF greylist soon and they are forced to clean up ( ie close down the Hunda Hawala network ) and once that happens, the "scope" of where people can turn to is limited to official channels much more.

 

[Meengla]

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.

Roshan Digital Account in USD denomination is supposed to be guaranteed 6.5% and around that number, per year. So sound investment. If the RDP account is opened in Rupees then interest rate is high--I think 11%--and that could make sense for some people but for those in America it is safer to open a guaranteed 6.5% account and get the money back in USD whenever wanted.
On topic: Overseas Pakistanis should not feel any entitlement for sending money to their own loved ones! Yes, Pakistan gets helped a lot but the primary motive is to help their own family members! The govt can and should encourage remittance though: It is a win-win situation.

 

[AZ1]

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

View attachment 808894

Wish to avoid IMF in future? Stop bankrupting the economy every 5 years View attachment 808895

Let me remind you again to whom you are arguing lol.

Good luck

 

[Riz]

Alot of the "Hunda Hawala" happens via the UAE as the controls in UAE are quite poor. Hopefully the UAE goes onto the FATF greylist soon and they are forced to clean up ( ie close down the Hunda Hawala network ) and once that happens, the "scope" of where people can turn to is limited to official channels much more.

Yes main hub of illegal transferring channel is UAE , still Pakistani smugglers are smuggling huge sum of money from Pakistani airports , afghani airports and from boats and there is no check and balances of UaE government on these smugglers, from where this money transmitted legally to nawazu and zardari type thugs in any country of the world using UAE bank accounts

 

[Shahzad hanif]

dollar is increasing day by day