Looks like money laundering is being checked bit by bit! A long way to go though....
According to the Italian Ambassador to Pak, 80% of Pak's economy is undocumented/unregulated/untaxed...
Well that's true..
Its probably even more than 80 percent
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Looks like money laundering is being checked bit by bit! A long way to go though....
According to the Italian Ambassador to Pak, 80% of Pak's economy is undocumented/unregulated/untaxed...
Shoot....Well that's true..
Its probably even more than 80 percent
Yes you are probably right in terms of remittances however, it goes down is still a question mark as economies are opening again. Furthermore, the capital being brought into country means more foreign currency for investments.Remittance Boom Is Turning Into a Bust for Asia Emerging Markets
Migrant workers from Asia’s developing countries have managed to send home record amounts of money in recent months, defying pandemic expectations and propping up home economies at a critical time.t.co
Its slightly reduced but not controlled. Probably after FATF law the crack down will expedite. The problem is the backers of these money launderers are powerful people having connections in political parties (both government and opposition), military and bureaucracy. Any move against them resist from all sides but the top leadership of Pakistan both in government and establishment are now committed to fight this white color crime.Looks like money laundering is being checked bit by bit! A long way to go though....
According to the Italian Ambassador to Pak, 80% of Pak's economy is undocumented/unregulated/untaxed...
Yes you are probably right in terms of remittances however, it goes down is still a question mark as economies are opening again. Furthermore, the capital being brought into country means more foreign currency for investments.
Right now the stuation is really good. Yesterday I talk to someone at top position in Al-Karam Textile and he told me that they have so many export order that Al-Karam mill is not able to adjust small orders of Al-Karam studio (the local designer wear garment arm of Al-Karam). Similar is the position with my organization.
So while remittances are going to get down in future months, the export is expected to increase in coming months.
Shouldn't this work both way? I mean if I should wait for 6 months to analyze the long term positive trend in CAD then you should also wait for 6 month to give negative remarks ... shouldn't you ? ya hamary ly qanoon alag ha ?lets not jump just wait for H1 to over and summarize
our history is negative CAD and also this may be outlier or one time eventShouldn't this work both way? I mean if I should wait for 6 months to analyze the long term positive trend in CAD then you should also wait for 6 month to give negative remarks ... shouldn't you ? ya hamary ly qanoon alag ha ?
kindly read the article these all are temporary measures
this temporary due to covid related low economic acitivtyShouldn't this work both way? I mean if I should wait for 6 months to analyze the long term positive trend in CAD then you should also wait for 6 month to give negative remarks ... shouldn't you ? ya hamary ly qanoon alag ha ?
lets not jump just wait for H1 to over and summarize
Yes you are probably right in terms of remittances however, it goes down is still a question mark as economies are opening again. Furthermore, the capital being brought into country means more foreign currency for investments.
Right now the stuation is really good. Yesterday I talk to someone at top position in Al-Karam Textile and he told me that they have so many export order that Al-Karam mill is not able to adjust small orders of Al-Karam studio (the local designer wear garment arm of Al-Karam). Similar is the position with my organization.
So while remittances are going to get down in future months, the export is expected to increase in coming months.
no brother, the current account deficit was on continuous trajectory of decline right after PMLN left and from average 1.7 billion dollar a month fell to just 300 million a month even before lock downs and corona.our history is negative CAD and also this may be outlier or one time event