Pakistan brain drain accelerates in latest threat to ailing economy

[kursed]

ISLAMABAD -- Hundreds of thousands of Pakistanis are leaving for jobs abroad amid the country's financial and security woes -- a brain drain that threatens to further damage the struggling economy.

Figures from the Bureau of Emigration and Overseas Employment show that 832,339 Pakistanis went overseas for work in 2022, the most since 2016 and the third-highest tally on record. Saudi Arabia was the most preferred destination, attracting 514,909.

Ahmad Jamal, an immigration lawyer in Quetta, said the actual number of people leaving is much larger since the data only covers work visas. He said many categories of emigrants are not included, such as those traveling out on permanent residency visas, student visas and family settlement visas.

The dire state of the Pakistani economy offers few reasons to stay. It is on the verge of collapse, with foreign exchange reserves down to $2.9 billion, enough to cover barely three weeks of imports. Inflation hit 27.6% on the year in January. Per capita income stands at $1,658.

Last week, talks with the International Monetary Fund for the revival of a $7 billion Extended Fund Facility -- vital for keeping the country afloat -- ended inconclusively.

View attachment 916604

Young Pakistanis, who account for the majority of the population, face bleak prospects. Pakistan's National Human Development Report in 2017 said 64% were younger than 30, while 29% were between the ages of 15 and 29.

"From security to the economy there are many repelling factors, which push youngsters like me away from my homeland," said Atiya Khan, a 25-year business development professional who has been living in the United Arab Emirates with her parents for two decades. She said she does not want to go back to Pakistan and is looking for options to settle in the West.

Tania Baloch, a journalist who previously published a magazine called Balochistan Inside in Karachi, emigrated to Canada a couple of years ago. "I left Pakistan because the future of my kids was not secure there," she said.

Such security concerns have only grown recently, with a surge in terrorism. But many worry that the exodus, particularly skilled workers who accounted for about 90,000 of the departures in 2022, will only compound Pakistan's problems.

Yousaf Nazar, a London-based economist formerly with Citigroup, said anecdotal evidence suggests that Pakistan's business graduates do relatively better abroad. "If some of them leave, it makes the capacity issue [in Pakistan's economy] even worse," he told Nikkei.

Young people are not the only ones rushing for the exit.

Multiple immigration experts said people in their 40s and 50s are also trying to move out of the country.

Jamal, the Quetta lawyer who deals with dozens of hopeful migrants on a monthly basis, said many of his customers are middle-aged or older. "It's unbelievable that a rising number of relatively older people are seriously exploring options to move out of Pakistan due to security and economic issues," he said.

Jamal added that most of the people are liquidating their assets or borrowing loans in Pakistan for immigration and leaving with no intention of returning.

"I know people who once settled abroad and then returned to Pakistan to serve their country," he added. "Now they are also doing their best to revive their immigration status and move out of the country again."

Some downplay the issue. A government official dealing with immigration, who requested anonymity because he was not authorized to talk to the media, argued that the issue is being blown out of proportion.

He said that "800,000 moving, out of a 220 million population, barely makes 0.4% and hence it's not as big an issue as the media is making it."

Nevertheless, many Pakistanis are voting with their feet, believing that a better future can be found elsewhere. But the adjustment is not always easy.

"Pakistanis abroad face problems of homesickness, cultural shocks, difficulty in finding decent jobs and low wages in foreign countries when they initially move out," Baloch said. "Even after a few years of struggle, when Pakistanis settle down in a foreign country, they are still worried all the time about their loved ones back home."

Pakistan brain drain accelerates in latest threat to ailing economy

Experts warn of talent erosion after nearly 1m workers left in 2022

asia.nikkei.com

Such a heaven PDM's Pakistan.

You can literally see that people's confidence in Pak went up in 17, 18, 19, even prior to Covid hitting the world.

 

[ziaulislam]

ISLAMABAD -- Hundreds of thousands of Pakistanis are leaving for jobs abroad amid the country's financial and security woes -- a brain drain that threatens to further damage the struggling economy.

Figures from the Bureau of Emigration and Overseas Employment show that 832,339 Pakistanis went overseas for work in 2022, the most since 2016 and the third-highest tally on record. Saudi Arabia was the most preferred destination, attracting 514,909.

Ahmad Jamal, an immigration lawyer in Quetta, said the actual number of people leaving is much larger since the data only covers work visas. He said many categories of emigrants are not included, such as those traveling out on permanent residency visas, student visas and family settlement visas.

The dire state of the Pakistani economy offers few reasons to stay. It is on the verge of collapse, with foreign exchange reserves down to $2.9 billion, enough to cover barely three weeks of imports. Inflation hit 27.6% on the year in January. Per capita income stands at $1,658.

Last week, talks with the International Monetary Fund for the revival of a $7 billion Extended Fund Facility -- vital for keeping the country afloat -- ended inconclusively.

View attachment 916604

Young Pakistanis, who account for the majority of the population, face bleak prospects. Pakistan's National Human Development Report in 2017 said 64% were younger than 30, while 29% were between the ages of 15 and 29.

"From security to the economy there are many repelling factors, which push youngsters like me away from my homeland," said Atiya Khan, a 25-year business development professional who has been living in the United Arab Emirates with her parents for two decades. She said she does not want to go back to Pakistan and is looking for options to settle in the West.

Tania Baloch, a journalist who previously published a magazine called Balochistan Inside in Karachi, emigrated to Canada a couple of years ago. "I left Pakistan because the future of my kids was not secure there," she said.

Such security concerns have only grown recently, with a surge in terrorism. But many worry that the exodus, particularly skilled workers who accounted for about 90,000 of the departures in 2022, will only compound Pakistan's problems.

Yousaf Nazar, a London-based economist formerly with Citigroup, said anecdotal evidence suggests that Pakistan's business graduates do relatively better abroad. "If some of them leave, it makes the capacity issue [in Pakistan's economy] even worse," he told Nikkei.

Young people are not the only ones rushing for the exit.

Multiple immigration experts said people in their 40s and 50s are also trying to move out of the country.

Jamal, the Quetta lawyer who deals with dozens of hopeful migrants on a monthly basis, said many of his customers are middle-aged or older. "It's unbelievable that a rising number of relatively older people are seriously exploring options to move out of Pakistan due to security and economic issues," he said.

Jamal added that most of the people are liquidating their assets or borrowing loans in Pakistan for immigration and leaving with no intention of returning.

"I know people who once settled abroad and then returned to Pakistan to serve their country," he added. "Now they are also doing their best to revive their immigration status and move out of the country again."

Some downplay the issue. A government official dealing with immigration, who requested anonymity because he was not authorized to talk to the media, argued that the issue is being blown out of proportion.

He said that "800,000 moving, out of a 220 million population, barely makes 0.4% and hence it's not as big an issue as the media is making it."

Nevertheless, many Pakistanis are voting with their feet, believing that a better future can be found elsewhere. But the adjustment is not always easy.

"Pakistanis abroad face problems of homesickness, cultural shocks, difficulty in finding decent jobs and low wages in foreign countries when they initially move out," Baloch said. "Even after a few years of struggle, when Pakistanis settle down in a foreign country, they are still worried all the time about their loved ones back home."

Pakistan brain drain accelerates in latest threat to ailing economy

Experts warn of talent erosion after nearly 1m workers left in 2022

asia.nikkei.com

Such a heaven PDM's Pakistan.

0.4% is surprisingly large number
Many countries aren't even growing by that rate

We are talking about mostly young population

 

[epebble]

We are talking about mostly young population

More importantly, probably the right most quintile of the Bell Curve. Which means, what is left behind can't sustain, let alone create, a modern functioning society. Exhibit #1: Lebanon. Exhibit#2: Haiti

 

[TheSolution]

Dude,

What the.... ?

Say MashAllah and inshAllah

 

[ziaulislam]

More importantly, probably the right most quintile of the Bell Curve. Which means, what is left behind can't sustain, let alone create, a modern functioning society. Exhibit #1: Lebanon. Exhibit#2: Haiti

Weirdly those who are leaving are called idiots and youthias

 

[epebble]

Weirdly those who are leaving are called idiots and youthias

By those who can't leave. This is like the 'Twin Paradox', where each believes the other has aged more. But the reality is easy to see.

 

[SQ8]

I've been contemplating yet another K thread but have been wary of so far.. for fear of YOU lol

LOC > IB, basically .. what do you think ?

Was proposed already - hawks on either side said no. The bigger issue isn’t Kashmir, its finding access to either gain parity or vacate Siachen and the water supply - Kashmiris for all their rosy cheeks and over bloated Wazwan aren’t the fight - its H2O and strategic heights and passes.

 

[S.Y.A]

only way to stop this is implement policies that hand out incentives for export based high-tech industries like pharma, electronics etc. force businessmen of pakistan to invest in R&D by hook or by crook. why would an electrical/electroncis engineer stay here and work for a diploma/matric fail saith for a few thousand rupees if they can find a good design engineer or even maintenance engineer position worth thousands of dollars abroad?

 

[khansaheeb]

The most competent and skilled people, which Pakistan is in dire need of, leave, which leaves behind mostly the useless and careless type which has put the country in its current mess

Sad times

Looking at the economic performance of Pakistan they don't have any brains to drain.

 

[S.Y.A]

Looking at the economic performance of Pakistan they don't have any brains to drain.

soch hai aap ki.

the economic performance is abysmal because it has been captured by a few who do not allow others to enter.

 

[Clutch]

ISLAMABAD -- Hundreds of thousands of Pakistanis are leaving for jobs abroad amid the country's financial and security woes -- a brain drain that threatens to further damage the struggling economy.

Figures from the Bureau of Emigration and Overseas Employment show that 832,339 Pakistanis went overseas for work in 2022, the most since 2016 and the third-highest tally on record. Saudi Arabia was the most preferred destination, attracting 514,909.

Ahmad Jamal, an immigration lawyer in Quetta, said the actual number of people leaving is much larger since the data only covers work visas. He said many categories of emigrants are not included, such as those traveling out on permanent residency visas, student visas and family settlement visas.

The dire state of the Pakistani economy offers few reasons to stay. It is on the verge of collapse, with foreign exchange reserves down to $2.9 billion, enough to cover barely three weeks of imports. Inflation hit 27.6% on the year in January. Per capita income stands at $1,658.

Last week, talks with the International Monetary Fund for the revival of a $7 billion Extended Fund Facility -- vital for keeping the country afloat -- ended inconclusively.

View attachment 916604

Young Pakistanis, who account for the majority of the population, face bleak prospects. Pakistan's National Human Development Report in 2017 said 64% were younger than 30, while 29% were between the ages of 15 and 29.

"From security to the economy there are many repelling factors, which push youngsters like me away from my homeland," said Atiya Khan, a 25-year business development professional who has been living in the United Arab Emirates with her parents for two decades. She said she does not want to go back to Pakistan and is looking for options to settle in the West.

Tania Baloch, a journalist who previously published a magazine called Balochistan Inside in Karachi, emigrated to Canada a couple of years ago. "I left Pakistan because the future of my kids was not secure there," she said.

Such security concerns have only grown recently, with a surge in terrorism. But many worry that the exodus, particularly skilled workers who accounted for about 90,000 of the departures in 2022, will only compound Pakistan's problems.

Yousaf Nazar, a London-based economist formerly with Citigroup, said anecdotal evidence suggests that Pakistan's business graduates do relatively better abroad. "If some of them leave, it makes the capacity issue [in Pakistan's economy] even worse," he told Nikkei.

Young people are not the only ones rushing for the exit.

Multiple immigration experts said people in their 40s and 50s are also trying to move out of the country.

Jamal, the Quetta lawyer who deals with dozens of hopeful migrants on a monthly basis, said many of his customers are middle-aged or older. "It's unbelievable that a rising number of relatively older people are seriously exploring options to move out of Pakistan due to security and economic issues," he said.

Jamal added that most of the people are liquidating their assets or borrowing loans in Pakistan for immigration and leaving with no intention of returning.

"I know people who once settled abroad and then returned to Pakistan to serve their country," he added. "Now they are also doing their best to revive their immigration status and move out of the country again."

Some downplay the issue. A government official dealing with immigration, who requested anonymity because he was not authorized to talk to the media, argued that the issue is being blown out of proportion.

He said that "800,000 moving, out of a 220 million population, barely makes 0.4% and hence it's not as big an issue as the media is making it."

Nevertheless, many Pakistanis are voting with their feet, believing that a better future can be found elsewhere. But the adjustment is not always easy.

"Pakistanis abroad face problems of homesickness, cultural shocks, difficulty in finding decent jobs and low wages in foreign countries when they initially move out," Baloch said. "Even after a few years of struggle, when Pakistanis settle down in a foreign country, they are still worried all the time about their loved ones back home."

Pakistan brain drain accelerates in latest threat to ailing economy

Experts warn of talent erosion after nearly 1m workers left in 2022

asia.nikkei.com

Such a heaven PDM's Pakistan.

It's a planned strategy by the corrupt Pakistani military government.... Make Pakistan unlivable.... The smart and even the half brained people exit... Only Retarded Patwaris slaves left behind to rule over by the elite 1% and military elites. They even make good expandable foot soldiers..... And INCREASED REMITTANCES!


It's a win win for the Pakistani establishment....

 

[Olympus81]

The days of increased remittances are gone.

You’d see trends of increased remittances gone and you’d be lucky to maintain the same remittances YoY.

Reason, 2nd generation Overseas Pakistanis have less affiliation with their country of origin and as a result incoming remittances will be limited.

The boomers are dying and the yearn for plots amongst the Gen X, Y, millennials is not as much. So that will impact remittances.

Current resident Pakistanis hoping to do a runner abroad are limited by high immigration restrictions in the host countries.

Couple it with the fact that this country is run by a bunch of clowns. Hits confidence level. So that’s a four way whammy there.

Not even IK (if elected) will be able to arrest the downtrend.

 

[Enigma SIG]

Akhand bharat merger treaty with neutrals soon

------------------

Wait for me to leave, you can have it all; especially cuck Generals washing your clothes.

 

[El Sidd]

ISLAMABAD -- Hundreds of thousands of Pakistanis are leaving for jobs abroad amid the country's financial and security woes -- a brain drain that threatens to further damage the struggling economy.

Figures from the Bureau of Emigration and Overseas Employment show that 832,339 Pakistanis went overseas for work in 2022, the most since 2016 and the third-highest tally on record. Saudi Arabia was the most preferred destination, attracting 514,909.

Ahmad Jamal, an immigration lawyer in Quetta, said the actual number of people leaving is much larger since the data only covers work visas. He said many categories of emigrants are not included, such as those traveling out on permanent residency visas, student visas and family settlement visas.

The dire state of the Pakistani economy offers few reasons to stay. It is on the verge of collapse, with foreign exchange reserves down to $2.9 billion, enough to cover barely three weeks of imports. Inflation hit 27.6% on the year in January. Per capita income stands at $1,658.

Last week, talks with the International Monetary Fund for the revival of a $7 billion Extended Fund Facility -- vital for keeping the country afloat -- ended inconclusively.

View attachment 916604

Young Pakistanis, who account for the majority of the population, face bleak prospects. Pakistan's National Human Development Report in 2017 said 64% were younger than 30, while 29% were between the ages of 15 and 29.

"From security to the economy there are many repelling factors, which push youngsters like me away from my homeland," said Atiya Khan, a 25-year business development professional who has been living in the United Arab Emirates with her parents for two decades. She said she does not want to go back to Pakistan and is looking for options to settle in the West.

Tania Baloch, a journalist who previously published a magazine called Balochistan Inside in Karachi, emigrated to Canada a couple of years ago. "I left Pakistan because the future of my kids was not secure there," she said.

Such security concerns have only grown recently, with a surge in terrorism. But many worry that the exodus, particularly skilled workers who accounted for about 90,000 of the departures in 2022, will only compound Pakistan's problems.

Yousaf Nazar, a London-based economist formerly with Citigroup, said anecdotal evidence suggests that Pakistan's business graduates do relatively better abroad. "If some of them leave, it makes the capacity issue [in Pakistan's economy] even worse," he told Nikkei.

Young people are not the only ones rushing for the exit.

Multiple immigration experts said people in their 40s and 50s are also trying to move out of the country.

Jamal, the Quetta lawyer who deals with dozens of hopeful migrants on a monthly basis, said many of his customers are middle-aged or older. "It's unbelievable that a rising number of relatively older people are seriously exploring options to move out of Pakistan due to security and economic issues," he said.

Jamal added that most of the people are liquidating their assets or borrowing loans in Pakistan for immigration and leaving with no intention of returning.

"I know people who once settled abroad and then returned to Pakistan to serve their country," he added. "Now they are also doing their best to revive their immigration status and move out of the country again."

Some downplay the issue. A government official dealing with immigration, who requested anonymity because he was not authorized to talk to the media, argued that the issue is being blown out of proportion.

He said that "800,000 moving, out of a 220 million population, barely makes 0.4% and hence it's not as big an issue as the media is making it."

Nevertheless, many Pakistanis are voting with their feet, believing that a better future can be found elsewhere. But the adjustment is not always easy.

"Pakistanis abroad face problems of homesickness, cultural shocks, difficulty in finding decent jobs and low wages in foreign countries when they initially move out," Baloch said. "Even after a few years of struggle, when Pakistanis settle down in a foreign country, they are still worried all the time about their loved ones back home."

Pakistan brain drain accelerates in latest threat to ailing economy

Experts warn of talent erosion after nearly 1m workers left in 2022

asia.nikkei.com

Such a heaven PDM's Pakistan.

Do you want to forcefully keep people inside the country?

 

[lastofthepatriots]

Good that they are leaving

At least they are getting a chance at a better life

If gernails can live in other countries, why can’t we?