Remittances from Overseas Pakistanis - Updates

[313Ghazi]

Why is it a "shame"?

It's money coming into Pakistan at the end of the day, and it belongs to Pakistanis.

It's money coming in because people's families are struggling, so they are having to fund them. It's not money coming in so we can invest in business, buy or build property, fund expensive holidays, etc. Pakistan had 1 million people leave last year - all searching for work, all selling their assets and paying money to agents to get out.

These are the people who have the potential to actually change things for the better if given the environment in Pakistan.

Also consider how pathetic it is that 10 million overseas Pakistani's, the VAST majority of whom are labour class, are after covering all their living expenditure, sending MORE money into Pakistan, than 200 million Pakistani can generate from exporting goods and services.

It's a reflection of the poor state of industry in Pakistan. This HAS to change. Pakistan should be looking to retain it's youth, to get people like you and me to invest or even move back - not talk about humans being our greatest export.

 

[Meengla]

Wreck the Pakistani economy because a 'just another idiot' asked us to? No thanks.

The idiot was also campaigning to stop Pakistan's IMF loans and working on the US Congressmen for sanctions against Pakistan at a time when Pakistan was nearly on its knees--yeah, the same Americans who he accused of toppling him from power! The Messiah Khan is another Mujib ur Rehman.

There are certainly structural issues in Pakistan's economy which need to be fixed but I don't think the Messiah Khan was the agent for the changes. And speaking of the remittances, I think of them as crutches until and unless some major reforms happen. And until such reforms happen, try removing the remittances from the equation!

 

[Goenitz]

The idiot was also campaigning to stop Pakistan's IMF loans and working on the US Congressmen for sanctions against Pakistan at a time when Pakistan was nearly on its knees--yeah, the same Americans who he accused of toppling him from power! The Messiah Khan is another Mujib ur Rehman.

There are certainly structural issues in Pakistan's economy which need to be fixed but I don't think the Messiah Khan was the agent for the changes. And speaking of the remittances, I think of them as crutches until and unless some major reforms happen. And until such reforms happen, try removing the remittances from the equation!

• 2020-2021: Total public debt was approximately ₨ 39.86 trillion.
• 2021-2022: Total debt and liabilities surged to over ₨ 51 trillion by December 2021.
• 2022-2023: Debt continued to rise, with high annual growth rates.
• 2023-2024: Total debt reached ₨ 71.24 trillion by June 2024.
• 2024-2025 (Q3): Total public debt reached ₨ 76.07 trillion by March 2025.
• 2025 (June): Total public debt surged to ₨ 80.5 trillion - ₨ 80.6 trillion by the end of the fiscal year

Yes, the IMF loan should be stopped until all Western countries give a report that there have been free and fair elections. Why should the next generations pay the debt taken by the 47 government? So that Maryam can go to Japan for weeks, or take Air Force 1 to Dubai for shopping?

The sanction was demanded against some people. Not against the entire country.

 

[SiliconBit (silicon0000)]

Guys please stop this patwari vs youthiapa debate and don't pollute every thread.

 

[Watandar]

this is why people should go completely off-grid, using multiple Batteries if possible.
Having an off-grid solar system is the best, bcaz hybrid and net-metering is now dead because of the mafias of private IPPs who want to mint money.
They couldn't tolerate people having 0 bill amount to pay due to credits.

When people do as you say and completely go off grid, the next day the Govt will make it illegal to be off grid. People are stuck in the prison of a debt ridden bankrupt state and its extractive elite.

 

[delta2]

It's money coming in because people's families are struggling, so they are having to fund them. It's not money coming in so we can invest in business, buy or build property, fund expensive holidays, etc. Pakistan had 1 million people leave last year - all searching for work, all selling their assets and paying money to agents to get out.

These are the people who have the potential to actually change things for the better if given the environment in Pakistan.

Also consider how pathetic it is that 10 million overseas Pakistani's, the VAST majority of whom are labour class, are after covering all their living expenditure, sending MORE money into Pakistan, than 200 million Pakistani can generate from exporting goods and services.

It's a reflection of the poor state of industry in Pakistan. This HAS to change. Pakistan should be looking to retain it's youth, to get people like you and me to invest or even move back - not talk about humans being our greatest export.

Not only this, but this whole reality of non-stop problems and non-existent governance despite a huge governmental infrastructure being present looks like a one big, non-stop, continuous humiliation ritual.

And all of that for just paper based money which has no real intrinsic value and which most of the so-called "advanced" economies just print out of thin air. Most are lying about their statistics and some are just outright fabricating them.

I wish all the people best of luck but the conclusion I have reaced is that this is just a waste of yet another generation.

 

[Pakistan Space Agency]

... Because this means that Pakistan's exports are far below where they should be.

But why is it a "shame"?

If I send money to my own bank account in Pakistan, is that somehow a shameful thing to do?

To me, money going into Pakistan from exports, FDI and remittances, is all good. Yes, we can argue this and that could be higher, but that's how things are.

Everyone wants to see exports grow when there's nothing to export.

 

[FarhanSiddiqui]

Jewish control of banks and politicians

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[Meengla]

To me, money going into Pakistan from exports, FDI and remittances, is all good. Yes, we can argue this and that could be higher, but that's how things are.
Everyone wants to see exports grow when there's nothing to export.

Remittances generate a lot more positive economic activities then given credit for. Remove the remittances then you will see what happens. Even Indians have been worried about potential loss of remittance should countries like Saudi Arabia expell the Indian workers and also worried about the H1Bs despite some bravado by people like Arnab Goswami.
But sadly, the bolded part is right and there is no short term solution to that. At the least there should be comptetitive tax rate/collection and power/utilities rates when compared with regional rivals.

 

[Pakistan Space Agency]

It's money coming in because people's families are struggling, so they are having to fund them. It's not money coming in so we can invest in business, buy or build property, fund expensive holidays, etc. Pakistan had 1 million people leave last year - all searching for work, all selling their assets and paying money to agents to get out. ...

I don't know which part of Pakistan you're referring to,... probably Khyber Pakhtunkhwa, but people in Punjab are still competing with one another to build the tallest mansions in their villages like they have for the past 20-years.

How is it that the state bank is able to buy billions of dollars from the interbank if all of the "remittances" are supposedly going into helping struggling families?

What about the large amounts going into RDA?

Inflows through Roshan Digital Account rise to $11.7 billion by December 2025 - Profit by Pakistan Today

December sees $213 million in remittances as account registrations reach 893,193

profit.pakistantoday.com.pk

 

[Meengla]

How is it that the state bank is able to buy billions of dollars from the interbank if all of the "remittances" are supposedly going into helping struggling families?

Good question!

What about the large amounts going into RDA?

Inflows through Roshan Digital Account rise to $11.7 billion by December 2025 - Profit by Pakistan Today

December sees $213 million in remittances as account registrations reach 893,193

profit.pakistantoday.com.pk

Roshan Digital Account schemes seem to offer incredible returns on investment and I tried that route through Habib Bank Limited a few years ago but it was a broken system and limited options to send money from America that I gave up. So instead of earning 8-9% ROI from RDA, tens of thousands of my $$ sat here in low APR 'money market' accounts. Contacting HBL via emails went no where partly due to time differences and partly due to their not so informed staff.
Maybe I will try RDA again when the time comes.

 

[hydrabadi_arab]

Remittances generate a lot more positive economic activities then given credit for. Remove the remittances then you will see what happens. Even Indians have been worried about potential loss of remittance should countries like Saudi Arabia expell the Indian workers and also worried about the H1Bs despite some bravado by people like Arnab Goswami.
But sadly, the bolded part is right and there is no short term solution to that. At the least there should be comptetitive tax rate/collection and power/utilities rates when compared with regional rivals.

Remittances are keeping Pakistan head above water despite 20 years of retarded economic policies.

 

[313Ghazi]

I don't know which part of Pakistan you're referring to,... probably Khyber Pakhtunkhwa, but people in Punjab are still competing with one another to build the tallest mansions in their villages like they have for the past 20-years.

How is it that the state bank is able to buy billions of dollars from the interbank if all of the "remittances" are supposedly going into helping struggling families?

What about the large amounts going into RDA?

Inflows through Roshan Digital Account rise to $11.7 billion by December 2025 - Profit by Pakistan Today

December sees $213 million in remittances as account registrations reach 893,193

profit.pakistantoday.com.pk

Im from AJK sunshine. You're competing at what we finished doing 20 years ago.

When people send money to thier families what do you think they do with it? Eat the currency? They exchange it and spend it on things they need. The money is in circulation so obviously the foreign currency is available to the state through the banking system.

You do you - cheer lead like you get paid too.

 

[FarhanSiddiqui]

Aging diaspora is building mansions in their ancestral villages but their children and grandchildren don’t want to move back to Pakistan from Europe and North America.

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[Aziqbal]

last year remittances was $38 billion

this years target is $41 billion

Jan 2026 was $3.5 billion

this coming from between 9-10 million Pakistanis abroad

Pakistan total exports were about the same as its remittances

another words the 241 million lazy Pakistanis vs 9-10 million hard working ones