Pakistan set to get 32 Billion Dollars from Out of Country Pakistani

[CrazyZ]

Possible if import substitution is implemented along side resource management.

The “easiest” yet hardest way to do it is domestic energy production. If we can get more efficient with our water usage, excess water can be used to turn Thar coal in to diesel fuel. Not environmentally friendly but Pakistan emits so little per capita that if it doesn’t provide for itself it won’t get credit for its environmental record. Just the reduction in energy imports will dramatically shift the countries finances.

At the same time, if we invest in water management we can grow higher quality (organic) food to export and earn higher profits for the same kinds of crops. With profits, investments in crop yields can raise the export revenue even higher. Creating a virtuous cycle. Pakistan is so far behind that proper reinvestment into modern agriculture can net a 3-5 fold yield increase in crop yields. It is also possible we can increase arable land by 55% (from 45 million acres to 70 million acres) with the dams being constructed as well as more dams needed in KPK, Punjab and Sindh in key locations.

Recycled waste water can be processed for use in industrial applications (shale or coal processing). Agriculture is important but is a resource intensive low value export. We need to focus on exports of labor intensive low cost consumer goods (textiles, garments, any thing less then $50 at Walmart type items).....then invest the profits into higher value added industry (autos, electronics etc.). East Asia developed this way.

 

[Imran Khan]

give them at least some reliefs

passport without any fee
CNIC without fee
counselor section works without fee


and ask your embassies and consulates to act like son of humans with them not like animals

 

[SaadH]

They are jealous cuz their life suck and they couldn’t get out of their miserable routine. On the other hand, I have seen lowlife Pakistanis who got lucky and somehow made it to US or Europe and than started acting like god, specifically those that are educated and found a professional well paying job. Labor class is not far behind, they will use every opportunity to flash off $2 extra they earned to their relatives in Pakistan.

Only the poor people's life sucks in Pakistan, those who can afford to hate overseas Pakistanis have it made in Pakistan and they resent the fact that overseas Pakistanis are the ones allowing them to have a ostentatious life.

 

[khansaheeb]

Pakistan on track to receive $32bln remittances in 2022

Overseas Pakistanis remit $15.8bln during July-December 2021 period

www.zawya.com

Khaleej Times
Pakistan is on track to achieve a record $32 billion in remittance inflows in the current fiscal year 2021-22 as over nine million overseas workers remitted $15.8 billion during the first half ended on December 31, 2021.

The latest data released by the central bank, State Bank of Pakistan (SBP), showed that non-resident Pakistanis sent 11.3 per cent more money back home during the July-December period compared to the same period last year.

"With $2.5 billion of inflows during December 2021, workers' remittances continued their strong impetus of remaining above $2 billion since June 2020. In terms of growth, remittances increased by 2.5 per cent month-on-month basis and 3.4 per cent year-on-year basis in December 2021," according to the central bank.
Pakistan economy has received much-needed support and relief through a consistent upward remittances trend since June 2020. The government expects $31 billion in remittances for the current fiscal year of 2021-22. Pakistan received record $29.4 billion remittances during 2020-21 compared to the $23 billion received during 2019-20.
UAE, Saudi expats lead
Overseas Pakistanis residing in the UAE and Saudi Arabia contributed a significant share in total remittances as they sent $3 billion and $4.03 billion, respectively, during the first half of 2021-22.
Non-resident Pakistanis in the UAE remitted $453.2 million in December, while workers in Saudi Arabia sent $626.6 million, according to the central bank data.
United Kingdom ($340.8 million) and the United States of America ($248.5 million) were other significant contributors to the remittances in December.
"Proactive policy measures by the government and SBP to incentivise the use of formal channels and altruistic transfers to Pakistan amid the pandemic have positively contributed towards the sustained inflows of remittances since last year," SBP said in a statement.
The central bank further clarified that the July-November data of workers’ remittances have been revised upward to reflect inflows into Roshan Digital Accounts (RDA) that are related to local consumption such as payment of utility bills, transfer to local Pak rupee account, etc. "Since data on these conversions was not previously available by country, these were reported under ‘other private transfers’ in the balance of payments statistics. The December 2021 data is also compiled accordingly, and this treatment will be followed going forward," the central bank statement said.
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That should pay for CPEC alone.

 

[FuturePAF]

Recycled waste water can be processed for use in industrial applications (shale or coal processing). Agriculture is important but is a resource intensive low value export. We need to focus on exports of labor intensive low cost consumer goods (textiles, garments, any thing less then $50 at Walmart type items).....then invest the profits into higher value added industry (autos, electronics etc.). East Asia developed this way.

Actually Uzbekistan grows cotton cheaper then us, if we buy their cotton exclusively (if we get the rail line built), we can make our textiles at lower cost. We should grow What ever makes more profit, considering the potential crop yields, with modern agricultural technologies.

But I agree, we need to reinvest to move up the value added chain.