Remittances from Overseas Pakistanis - Updates

[ziaulislam]

sending to parents, siblings and children.

Last generation though..doubt any more generation will do it.. pretty stupid people..have nothing saved for their kids or themselves and send everything to the siblings who use the money for themselves

Then they miserable themselves with noone to take care of them..see it all the time here. They die miserable of over working while the siblings do mooj masti and mom/parents enjoy it along with their actual ladla tiktok mooj masti kids..(the foreigner child is always a foreigner the parents just see them as object of wealth/golden goose)

 

[ziaulislam]

IMF programs maybe influenced somewhat by geopolitics but the programs can be very helpful if managed well. Under President Musharraf's tenure, a point came where Pakistan actually refused further help from IMF. Even the Noonies grudgingly give credit to Musharraf for pulling back Pakistan from the brink where the stupid Nawaz Sharif regime had Pakistan in 1999. And to those who say that Musharraf era was financially good because of the post 9/11 American help: Partly true but the American help continued after Musharraf left in 2008 but still the corrupt PPP ruined the Pakistan economy.

As for the remittance: Strange some Pakistanis criticize the gains in remittances. Nobody, whether in govt or not, is saying that remittance is the 'cure' for Pakistan's problems but the critics should look at other poor countries and how they are working to export their surplus labor overseas and those countries include the mighty so-called 4th/5th largest economy of the world.

Remittances are like crutches until something else works out. Remove them and the country will fall into even more fiscal problems and may even crash and go bankrupt. Then who is going to revive that kind of a country? Some Lenin riding on tanks to Moscow? No. There would be anarchy. Anarchy! Do note that remittances are not just for TikTok or lavish weddings: A lot of construction industry is fed by the remittances and I hear there are 18 different industries which get involved due to construction activities.

Finally, all the Randi Ronda about the remittance by the Nay Sayers is because the remittance growth is happening despite their Messiah Khan's public pleas for overseas Pakistanis to stop the remittances. As simple as that. Such 'patriotic' Pakistanis some overseas Pakistanis are!

Remittances from Europe and usa will collapse as next generation wont be sending the money

The gcc and Gulf will continue but for how long?

 

[Asif]

Last generation though..doubt any more generation will do it.. pretty stupid people..have nothing saved for their kids or themselves and send everything to the siblings who use the money for themselves

Then they miserable themselves with noone to take care of them..see it all the time here. They die miserable of over working while the siblings do mooj masti and mom/parents enjoy it along with their actual ladla tiktok mooj masti kids..(the foreigner child is always a foreigner the parents just see them as object of wealth/golden goose)

You cracked me up man. This is the bookish picture of so many people, friends and relatives known to me.
Either they feel themselves that they have an obligation to look after their brothers and sisters and their children and the cousins etc or they are coaxed into it. End result, if they live with kids, the kids hate their relatives and if they dont, then their own kids take them as a bank balance and nothing else. It definitely is a miserable life unless you are wise enough to save for rainy days ahead.

 

[hydrabadi_arab]

Finally, all the Randi Ronda about the remittance by the Nay Sayers is because the remittance growth is happening despite their Messiah Khan's public pleas for overseas Pakistanis to stop the remittances. As simple as that. Such 'patriotic' Pakistanis some overseas Pakistanis are!

Its basically this.

Remittance+services exports growth prevented Pakistan from going the Sri Lanka way as they hoped. Now Pakistan just to work on exports of goods for sustainable 6%> growth.

 

[PK781]

Last generation though..doubt any more generation will do it.. pretty stupid people..have nothing saved for their kids or themselves and send everything to the siblings who use the money for themselves

Then they miserable themselves with noone to take care of them..see it all the time here. They die miserable of over working while the siblings do mooj masti and mom/parents enjoy it along with their actual ladla tiktok mooj masti kids..(the foreigner child is always a foreigner the parents just see them as object of wealth/golden goose)

yup you said it sir.
Our children growing up here will not be sending remittances, bcaz we(their parents) are here already. Its the older Gen people who send help to siblings, parents or relatives (chachay, phuphiyan, taye or khalain etc or cousins) even when knowing the money gets misused.......and the ask never stops......they always need more.....
the kids growing up here are different, and educated differently and they watch and know. They expect others to do their own work and make own efforts, not just staying home and doing nothing but tiktoks or watching stupid dramas all day. They're not dumb and know what goes on in Pakistan too. There is growing resentment of sending money to relatives as well in many families when kids have grown up watching relatives being helped for decades without improvments and efforts from those receiving the help.

 

[Cygnus]

True as boomer parents passing away, the reason to send money is diminishing.

 

[ziaulislam]

You cracked me up man. This is the bookish picture of so many people, friends and relatives known to me.
Either they feel themselves that they have an obligation to look after their brothers and sisters and their children and the cousins etc or they are coaxed into it. End result, if they live with kids, the kids hate their relatives and if they dont, then their own kids take them as a bank balance and nothing else. It definitely is a miserable life unless you are wise enough to save for rainy days ahead.

I see them every day in the hospital trying to save a dime while actively killing themselves

There siblings and parents (who dont care about them) , parents only question beta kaam shoru kar ley ga ..they only want money..they already have kids at home. The guy overseas is just a ATM machine

Their own children are also miserable because a dime isnt spent on them. They see it and hate their parents.. ultimately there is no one to see them in the hospital they die alone

 

[ghazi52]

Remittances: The external lifeline holds​

October 12, 2026
By BR Research

Pakistan’s remittances continue to provide much-needed support to the external account, with inflows reaching USD10.9 billion in the first quarter of FY27, up 14 percent from USD9.5 billion in the same period last year. The growth comes on top of a record USD41.6 billion received in FY26.

In Sep-26, remittances stood at USD3.59 billion, increasing by 12.7 percent year-on-year but declining by 1.9 percent from Aug-26. The monthly decline is not particularly concerning, as inflows have remained above USD3.5 billion throughout the first quarter. The monthly average of around USD3.63 billion is also higher than the FY26 average of USD3.47 billion.

Saudi Arabia continues to lead remittance inflows, contributing USD899 million in Sep-26, followed by the UAE at USD749 million, the UK at USD515 million and the US at USD306 million. For 1QFY27, Saudi Arabia contributed USD2.69 billion, up 16.2 percent year-on-year, while inflows from the UAE increased by 12.6 percent to USD2.23 billion. The UK recorded particularly strong growth of 19.4 percent, reaching USD1.64 billion.

 

[ghazi52]

The bigger story is the sharp increase in remittances over the past three years. Annual inflows have risen from USD27.3 billion in FY23 to USD41.6 billion in FY26. Part of this improvement can be linked to the narrowing gap between formal and informal exchange rates, greater use of banking channels and incentives to encourage overseas Pakistanis to send money through the formal system.

However, not all of this increase necessarily reflects higher earnings abroad. Some of it is likely due to money moving from informal to formal channels.

The authorities are now trying to maintain this momentum through a different incentive structure. The recently launched Pasban Remittance Reward Scheme offers Rs16 billion in annual cash prizes, funded by banks rather than the government.

Under the scheme, Rs4 billion will be distributed every quarter among 2,521 recipients of qualifying remittances. It follows the withdrawal of earlier government-funded incentives and is aimed at keeping formal channels attractive without adding directly to the fiscal burden.

 

[ghazi52]

Whether such incentives can make a lasting difference remains to be seen. The real test is whether they bring more money into the formal system or simply reward transactions that would have happened anyway. Exchange-rate stability, competitive transaction costs, convenience, and confidence in banking channels will remain important.

Strong remittance inflows continue to support household spending, provide a steady supply of foreign exchange and ease pressure on the country’s external account. But there is another side to this story. Pakistan is becoming increasingly dependent on remittances to cover its weak export performance and growing trade deficit. While these inflows help keep the rupee stable and reduce immediate pressure on the external account, they do little to address the country’s underlying problems of low productivity, weak investment, and limited export competitiveness.

There are risks to the outlook as well. More than half of Pakistan’s remittances originate from Gulf economies, making inflows sensitive to economic conditions and geopolitical developments in the Middle East.

Prolonged regional tensions such as the one currently, disruptions to employment or weaker economic activity in host countries could eventually affect remittance flows. So far, however, inflows have held up despite these risks.

 

[ghazi52]

For FY27, the outlook remains positive. The SBP expects remittances of around USD44 billion, and the first-quarter performance is broadly in line with that target. At the current monthly average, annual inflows would reach approximately USD43.6 billion.

For now, remittances remain one of Pakistan’s strongest sources of external support. They are helping the country manage its foreign exchange needs at a time when exports are struggling to gain momentum. But the economy cannot continue relying on overseas workers to make up for its weak export performance. Strong remittances are certainly welcome; the bigger challenge is to build an economy that can earn more foreign exchange on its own.

 

[LC150]

Its basically this.

Remittance+services exports growth prevented Pakistan from going the Sri Lanka way as they hoped. Now Pakistan just to work on exports of goods for sustainable 6%> growth.

Exports ?

No shit ….

How?..

Ps did you attend the same school of economics which the current dictator of Pakistan attended?

Brain gain theory?… and i thought nobody could top bilal’s water theory