Remittances from Overseas Pakistanis - Updates

[bafxet]

agree the private sector usually takes charge and invests and grows business, provides opportunities for labor/skilled/unskilled manpower to be utilized.

However, for investment and business to flourish, the environment needs less rep tape and less punitive measures and other briberies to open and operate. If the cost of doing business is not worth it, then nobody will bother. The guy with money will flee elsewhere and setup shop where its economical, cheaper and where they can make profits. See how much of our industry has shifted to other places like Dhaka, or to China, or elsewhere.

Corruption and mismanagement and brutal thuggery by establishment(military) is at the core of our issues. We have the same old families, feudals ruling the country since forever. No change at all. This is the problem. No accountability or reforms to curb that.
the security and food bill of employing soooo many just for "protocols" and "security" of protecting useless bureaucrats, judges, politicians, etc are in billions these days, plus the costs of their high-value maintainence of the vehicles and the gas/petrol/diesel bills the govt has to foot. Eliminate that FIRST.

nobody will bother unless the system is changed tota

agree the private sector usually takes charge and invests and grows business, provides opportunities for labor/skilled/unskilled manpower to be utilized.

However, for investment and business to flourish, the environment needs less rep tape and less punitive measures and other briberies to open and operate. If the cost of doing business is not worth it, then nobody will bother. The guy with money will flee elsewhere and setup shop where its economical, cheaper and where they can make profits. See how much of our industry has shifted to other places like Dhaka, or to China, or elsewhere.

Corruption and mismanagement and brutal thuggery by establishment(military) is at the core of our issues. We have the same old families, feudals ruling the country since forever. No change at all. This is the problem. No accountability or reforms to curb that.
the security and food bill of employing soooo many just for "protocols" and "security" of protecting useless bureaucrats, judges, politicians, etc are in billions these days, plus the costs of their high-value maintainence of the vehicles and the gas/petrol/diesel bills the govt has to foot. Eliminate that FIRST.

nobody will bother unless the system is changed totally

Are our policy makers both burucracy and political naive? Can't look around and see what the reality is. Don't go too far our neighbors next door India is attracting investment. Vietnam once a war torn, China.

agree the private sector usually takes charge and invests and grows business, provides opportunities for labor/skilled/unskilled manpower to be utilized.

However, for investment and business to flourish, the environment needs less rep tape and less punitive measures and other briberies to open and operate. If the cost of doing business is not worth it, then nobody will bother. The guy with money will flee elsewhere and setup shop where its economical, cheaper and where they can make profits. See how much of our industry has shifted to other places like Dhaka, or to China, or elsewhere.

Corruption and mismanagement and brutal thuggery by establishment(military) is at the core of our issues. We have the same old families, feudals ruling the country since forever. No change at all. This is the problem. No accountability or reforms to curb that.
the security and food bill of employing soooo many just for "protocols" and "security" of protecting useless bureaucrats, judges, politicians, etc are in billions these days, plus the costs of their high-value maintainence of the vehicles and the gas/petrol/diesel bills the govt has to foot. Eliminate that FIRST.

nobody will bother unless the system is changed totally

Are our policy makers both politicians and burucracy naive. Can't they look around and see India, Vietnam China all have raced away economically. But this wretched country is struggling. No respect no self esteemed left. Imf, Saudi Arabia China they are keeping us afloat. And mind you that in today's world there is no free cup of tea.

 

[bafxet]

it is actually critically alarming......the day the mideast starts telling our diaspora they're no longer needed, those remittances will dry up.
Pakistanis from Europe, North America etc cannot match or send that much as most of their incomes stays where they live........unlike the gulf workers who send most of it home(being permanent "temporary" status which means they cannot stay there permanently).

Of course. The country destiny is in the hands of Inept and dysfunctional burucracy and politicians.

 

[hydrabadi_arab]

This is actually terrible news. Exports means jobs in Pakistan whereas remittances mean jobs abroad. This points to a stagnant economy, forcing people to go abroad for work.

The terrible news isn't that remittance have crossed $40bn. Thats good news. Exports of goods being stuck at $30bn for a decade is indeed terrible news.

Less remittances will not increase exports.

 

[bafxet]

The terrible news isn't that remittance have crossed $40bn. Thats good news. Exports of goods being stuck at $30bn for a decade is indeed terrible news.

Less remittances will not increase exports.

A country of 250 million putting up an export number of 30 billion what shame. We celebrate that the football used in FIFA world cup is made here in Pakistan. Damn are they nuts?. Can't the world make a simple football. The matter of pride was if we had made our mark in Sami Conductor or Data Center or AI.