Pakistan’s inward remittance will be following a downtrend for years to come. The regime change operation has only accelerated the inevitable.
The demographics where Pakistani based in western countries kids do not have that sort of an attachment with their motherland.
The diaspora in Middle East increasingly having to fight inflation especially the blue collar workers. Hence less money to send back home.
The white collar ones are increasingly looking inward and investing in property in Middle East. I mean why invest in DHA and have an unrealized appreciation of 10% but face a currency devaluation of 20% annually.
And then you’d have new generation of diaspora Pakistanis who have seen the most organized institution of Pakistan exposed at multi levels and hence understand the game.
The Hawala Hundi guys have always been active. They help transfer money into and out of Pakistan. Take a guess as to why the ‘boys’ and politicians have been able to siphon off so much money without any trace. Google for Khanani and Kaaliya death or Ayan Ali or Hudaibya Paper Mill cases. In addition, the difference between official rates and the Hundi rates is huge hence its a given to take the Hundi route.
All in all, the inward remittances will keep going down and the outward remittances will keep going out.
The Pakistan as we know is well and truly facing a dire situation and it is only going to get worse.