Remittances from Overseas Pakistanis - Updates

[Owaiz]

Its not one way street. Pakistan have trade deficit of $5bn with UAE. Along with the fact that Pakistanis are 2nd or 3rd biggest property investors in UAE.

The biggest driver of the trade deficit is oil and oil products, which Pakistan must get from somewhere and is commoditised enough that UAE can sell to anyone else. I don't think Pakistanis living in Pakistan are the second or third biggest investors in UAE property and, in any case, top Pakistani politicians and generals owning property in Dubai gives more leverage to the Emiratis than to Pakistan. Sure, Pakistan has some cards, but, in the current context, the leverage is highly asymmetrical.

 

[Watandar]

@PK781

.the day the mideast starts telling our diaspora they're no longer needed, those remittances will dry up.

And why would they say that? They need labour of good quality and at reasonable wage rates. Pakistanis provide that. Who would they replace Pakistanis by?

Regards

They replace them with Indians as part of an economic and political alignment with India, like the UAE is doing.