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,…
Remittances alert
wo hundred million Pakistanis collectively export goods worth $24 billion. And two hundred million Pakistanis collectively import goods worth $41 billion. That’s an annual trade deficit of $17 billion. To…
Remittances and oil
Foreign workers from all over the world working in Saudi Arabia, the United Arab Emirates, Kuwait, Qatar and Oman remit back a wholesome $100 billion a year to their home…
Pakistan’s remittances
Worker remittances to Pakistan have increased sharply since the launch of the Pakistan Remittance Initiative (PRI) in 2009. Thirty-three years after the first remittances began to trickle in from the…
