Remittances from UAE to Pakistan jump to US$3bn

[Al Bhatti]

Apr 11, 2013

Remittances from UAE to Pakistan jump to US$3bn

Pakistanis sent home about US$3 billion (Dh11bn) last year in a demonstration of their patriotism and the money is going toward controlling extremism as well as benefiting other sectors, according to Pakistan's ambassador to the UAE, Jamil Ahmed Khan.

The figure is an improvement on the US$2.2bn remitted in 2011 and the $1.8bn in 2010.

Foreign exchange remittances are playing a key role in the strengthening of Pakistan's economy, the ambassador said.

He also added that Pakistan has suffered losses of more than $80bn through countering terrorism, with loss of 40,000 lives.

It is estimated that Pakistanis in the UAE could send home $3.8bn this year.

Remittances from UAE to Pakistan jump to US$3bn - The National

 

[Rizwan Alam]

Because UAE is the only place where Pakistanis are hardly living with their families and they send almost all money they earn.

 

[haviZsultan]

Because UAE is the only place where Pakistanis are hardly living with their families and they send almost all money they earn.

This is not true. For the lower class segments it may be partly true but for the upper and middle class segments this is far from the truth. Most middle class people are living with their families in Dubai.