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Well we definitely need to move away from remittances dependence for a whole lot of other reasons anyway. Gulf states are going through “Gulfanization process” and its becoming difficult gradually for expats. Similar trend is also seen in Western countries where immigration is becoming difficult as well due to far right movements. China wont ever be open to immigrants at a large scale, due to their own population. Plus our foreign policy aspirations are also diverging from our ”Brotherly” countries where large number of Pakistani expats are living - just see how embarrassed the PM was left for not attending a conference he had actually suggested himself!What I point out has been historically correct. What you are describing are merely the short terms steps. In the longer term, remittance do indeed have all those effects, and therefore they cannot be a substitute for actual exports to balance the books.
Well we definitely need to move away from remittances dependence for a whole lot of other reasons anyway. Gulf states are going through “Gulfanization process” and its becoming difficult gradually for expats. Similar trend is also seen in Western countries where immigration is becoming difficult as well due to far right movements. China wont ever be open to immigrants at a large scale, due to their own population. Plus our foreign policy aspirations are also diverging from our ”Brotherly” countries where large number of Pakistani expats are living - just see how embarrassed the PM was left for not attending a conference he had actually suggested himself!