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.

 

[hydrabadi_arab]

Remittances by country FY2025-26. Total $41.6bn.

Country / Region	Total Remittances (Million USD)
Saudi Arabia	9,783.14
U.A.E. (Total)	8,806.95
-- Dubai (U.A.E.)	6,765.12
-- Abu Dhabi (U.A.E.)	1,719.20
-- Sharjah (U.A.E.)	143.38
-- Other four U.A.E. States	179.25
U.K.	6,325.75
Ten European Countries (Aggregate)	5,226.64
Other GCC Countries (excl. Saudi & U.A.E.)	3,933.96
U.S.A.	3,623.84
Italy	1,547.29
Oman	1,294.16
Qatar	1,175.94
Australia	1,142.07
Other Countries (Aggregate)	1,097.51
Spain	905.59
Kuwait	892.04
Germany	806.56
Canada	798.37
France	591.60
Greece	573.10
Bahrain	571.81
South Africa	290.74
Ireland	270.56
Belgium	207.88
Malaysia	167.57
Norway	150.04
Sweden	111.66
Netherlands	109.09
South Korea	108.77
Denmark	103.30
Japan	67.62
Switzerland	61.71

 

[RescueRanger]

Remittances are up, this is a good sign.

 

[Owaiz]

Remittances are up, this is a good sign.

The reasons for remittances going up are:
1. There are no jobs in Pakistan, so workers have to go abroad ( mostly GCC) to find employment.
2. Those who do have jobs or businesses in Pakistan don't earn enough to sustain themselves and their dependents and their family members living abroad have to send money to support them.

How is that a good sign ?

 

[Bilal]

Remittances are up, this is a good sign.

Very risky, what will happen in 10 years when oil economies falter. We need to diversify the remittance base, have training programs to tap into other markets.

 

[RescueRanger]

Very risky, what will happen in 10 years when oil economies falter. We need to diversify the remittance base, have training programs to tap into other markets.

Agreed sir.

 

[RescueRanger]

The reasons for remittances going up are:
1. There are no jobs in Pakistan, so workers have to go abroad ( mostly GCC) to find employment.
2. Those who do have jobs or businesses in Pakistan don't earn enough to sustain themselves and their dependents and their family members living abroad have to send money to support them.

How is that a good sign ?

1 is still better than ZERO. And as for jobs, there is a slump in the global job market. What are we even talking about here? Want to help generate jobs? Come invest in PAKISTAN!

 

[Owaiz]

Very risky, what will happen in 10 years when oil economies falter. We need to diversify the remittance base, have training programs to tap into other markets.

In general, the highest quality source of foreign exchange is FDI, then FPI, then services exports, then goods exports, then white collar remittances, then blue collar remittances and finally loans. Pakistan gets it motly from the last two categories. What is really needed are conditions that will get investments and exports, rather than relying on transfer payments from workers abroad.

 

[Owaiz]

1 is still better than ZERO. And as for jobs, there is a slump in the global job market. What are we even talking about here? Want to help generate jobs? Come invest in PAKISTAN!

Based on the remittances numbers, there appears to be no slump for Pakistanis looking for jobs abroad. I will invest when conducive conditions exist. No one wants to throw money down the drain.

 

[RescueRanger]

Based on the remittances numbers, there appears to be no slump for Pakistanis looking for jobs abroad. I will investment when conducive conditions exist. No one wants to throw money down the drain.

Okay then since you are not throwing money down the drain complaining about job market inside Pakistan is a moot point, no?

 

[Owaiz]

Okay then since you are not throwing money down the drain complaining about job market inside Pakistan is a moot point, no?

Who is complaining? I know it is pointless. I am just pointing out that it is not quite the good sign some think it is.

 

[RescueRanger]

Who is complaining? I know it is pointless. I am just pointing out that it is not quite the good sign some think it is.

Bahi people are surviving here. Don't you worry. If you want to help, please considering opening a call center or three for our youth. The rest is just yapping <3

 

[313Ghazi]

The reasons for remittances going up are:
1. There are no jobs in Pakistan, so workers have to go abroad ( mostly GCC) to find employment.
2. Those who do have jobs or businesses in Pakistan don't earn enough to sustain themselves and their dependents and their family members living abroad have to send money to support them.

How is that a good sign ?

It's good in the sense that money is coming in, but you're right. It's ultimately the equivalent of a cancer patient being glad the painkillers are offering some relief.

There are certain types of people on this forum who'll be like "so wot ur sending it to your family", but the state has access to that foreign currency and it's a lifeline.

Without it, the economy would be destroyed. That money coming in isn't being saved or invested, it's being spent, it's buying food, clothes, medicine, houses, cars, weddings etc.

 

[313Ghazi]

Bahi people are surviving here. Don't you worry. If you want to help, please considering opening a call center or three for our youth. The rest is just yapping <3

you're not wrong. Pakistani people investing in other Pakistani people is the best kind of support we can give the economy. Especially if you can help setup someone work exporting goods or services.