The saga of high inward remittances
In the past week, three interrelated news reports flashed on the media - which went past by many of the readers while it captured the minds and hearts of some.…
Pakistan must prepare to let go off the crutches of remittances
A key ingredient in attaining external account stability is inward remittances, often hailed as the star performer. Policymakers and analysts have come to take the USD 3 billion per month…
Beyond remittances
The dynamics of the Pakistani diaspora have witnessed an impressive evolution over the years. Many of them have ascended to affluent and influential positions in their host countries, not just…
Underutilisation of remittances in economy
Don’t count your chicken before they hatch is an idiom that goes quite well with our situation. Quite often we see monetary policy quoting record remittances. Remittances from abroad have…
Remittances: boon or bane for growth?–II
The Dutch Disease is characterized by a rapid increase in one sector at the cost of other sectors. Firstly, the income shock and subsequent spending increase can drive demand-pull inflation.…
Remittances: boon or bane for growth?–I
Pakistan is the sixth largest recipient of remittances in the world, with the State Bank of Pakistan declaring a total of $29 billion received in 2022. Remittances play an important…
Shocking fall in workers’ remittances
Amidst falling exports and FDI the decline in remittances from Overseas Pakistanis is the last thing one expects at a time when the country is possibly facing the prospects of…
What’s actually behind record remittances?
This writer has have been receiving plenty of queries whether the cause of record high remittances to Pakistan are due to Hajj/Umrah restrictions. The answer is an emphatic ‘No’. This…
Remittances – the new normal?
The remittances growth in low and middle income countries during the pandemic has taken many by surprise. The upbeat growth is in sharp contrast to the World Bank forecast made…
Declining remittances
Over the decades, Pakistan has profited by exporting its labour abroad, particularly to the resource-rich economies of the Gulf. This strategy, which has sent millions of semi-skilled blue-collar workers abroad,…
