Pakistan on track to receive $32B remittances

[Flight of falcon]

This will help enormously to bring CAD down. Let’s just hope oil prices start to come down soon .

Pakistan on track to receive $32 billion remittances in 2022

Pakistan is on track to achieve a record $32 billion in remittance inflows in the current fiscal year 2021-22 as over nine million overseas workers remitte..

www.google.ca

Here is another good news :

Pakistanis that invest in Pakistani bonds tend to keep their money in there for a long term. At least the money will stay in Pakistan and not some foreign investment banker’s pocket.

Overseas Pakistanis sent $3.382 billion to Roshan Digital Account

The inflows through RDA crossed the $3 billion mark. Expatriates from 175 countries opened 342,611 accounts in the last 17 months.

www.google.ca

 

[Wikki019]

32 billion in remittances + 36 - 38 billion in expots( goods + Services) = 70 billion dollars of inflows in one year. What a turn around for Pakistan as compared to 2013, 2018 in just three years with pandemic going on. Next year exports will be above 40. I wish IK will be there for next 5 years so we will see real turn around finaly for this Country.
But i am not as hopeful after seeing condition of my country men as they are ready to again select nawaz/zardari to ruin what ever we have gained.

 

[Flight of falcon]

Don’t worry about Nawaz…. It’s not that simple to have him back in power. He has pissed off too many people.
IK doesn’t have a good team but he still has time to improve . Let’s hope and pray Allah helps him and inflation goes down . Unfortunately inbthe last 80 years Pakistan has only produced Khotas.

 

[Wikki019]

Don’t worry about Nawaz…. It’s not that simple to have him back in power. He has pissed off too many people.
IK doesn’t have a good team but he still has time to improve . Let’s hope and pray Allah helps him and inflation goes down . Unfortunately inbthe last 80 years Pakistan has only produced Khotas.

Its not only about nawaz, a collition gov of PML + PPP will be even more disasterous. Only solution is to grow our inflows much kore thn our outflows. At the moment we are heading in right direction once in these 20 30 years. But next elelctions will seal our fate.

 

[Hakikat ve Hikmet]

I am pretty sure the Pak Deep State has chalked out the plan regarding who they want to continue with. Recent visit to the Olympics has cemented it further. AZ, NS & Co. are already like flushed out to the seweage.....

 

[Meengla]

I am not worried about looters coming back to power. The establishment of Pakistan won't allow that and if allowed they will be watched over / restricted.
Let's hope no war breaks out in Europe or region closer to Pakistan.
PS. I don't know if true or not, but vlogger Mahkdoom Shahabuddin said China has given Pakistan its commitment to assume all of Pakistan's foreign debt if IMF/West pushes Pakistan too far. If true then a huge relief for Pakistan. Generally Shahabuddin is reliable.

 

[Hakikat ve Hikmet]

I am not worried about looters coming back to power. The establishment of Pakistan won't allow that and if allowed they will be watched over / restricted.
Let's hope no war breaks out in Europe or region closer to Pakistan.
PS. I don't know if true or not, but vlogger Mahkdoom Shahabuddin said China has given Pakistan its commitment to assume all of Pakistan's foreign debt if IMF/West pushes Pakistan too far. If true then a huge relief for Pakistan. Generally Shahabuddin is reliable.

As the NYC investment bankers call it: Sky is the limit.....

Cry India cry....

 

[TheSolution]

China has given Pakistan its commitment to assume all of Pakistan's foreign debt if IMF/West pushes Pakistan too far. If true then a huge relief for Pakistan. Generally Shahabuddin is reliable.

Can you elaborate on this please?

 

[peagle]

I am not worried about looters coming back to power. The establishment of Pakistan won't allow that and if allowed they will be watched over / restricted.
Let's hope no war breaks out in Europe or region closer to Pakistan.
PS. I don't know if true or not, but vlogger Mahkdoom Shahabuddin said China has given Pakistan its commitment to assume all of Pakistan's foreign debt if IMF/West pushes Pakistan too far. If true then a huge relief for Pakistan. Generally Shahabuddin is reliable.

I don't think that's true. I know who you are referring to, he usually doesn't give BS, but it's easy to be wrong.
China isn't the kind of country to take on another's burden, they want a partner in Pakistan, not a child to look after.
And, we really need to stop this discussion about a protectorate, we are nation of 230 million and growing, we'll be just fine.

 

[TheSolution]

I am pretty sure the Pak Deep State has chalked out the plan regarding who they want to continue with. Recent visit to the Olympics has cemented it further.

How?

I mean whoever was the PM had to go regardless to make an appearance, can't really send a random person. He's the PM, so it was his job to go, just like if NS was our current PM, he would have to go.

I fail to see how that cements his position...

 

[FuturePAF]

I am not worried about looters coming back to power. The establishment of Pakistan won't allow that and if allowed they will be watched over / restricted.
Let's hope no war breaks out in Europe or region closer to Pakistan.
PS. I don't know if true or not, but vlogger Mahkdoom Shahabuddin said China has given Pakistan its commitment to assume all of Pakistan's foreign debt if IMF/West pushes Pakistan too far. If true then a huge relief for Pakistan. Generally Shahabuddin is reliable.

I hope the Pakistani government outlines investment opportunities (like the ML-1) for overseas Pakistanis in the same way it would for foreign investors. With Reko-Diq agreed upon and Thar coal being used at our coal plants, getting the ball rolling on modern rail freight transportation ASAP will speed up investments in other sectors by any and all investors if they know the prerequisite infrastructure is in place.

Financing may dry up around the world (in the coming years) or get prohibitively more expensive, now is the time to attract investors especially from those already sending remittances.

Also, with input from overseas Pakistanis can have a knock on effect on other industries like airlines. Coordinating part of the train schedules with arriving flights can help attract passengers to Pakistan based airlines if they know they can connect to their home cities and towns.

 

[KaiserX]

IK needs atleast 3 terms to show major major results. Lets pray he jails all the cronies and wins 2023 by a landslide!

 

[Wikki019]

Only choice is we as a nation have to made now. Are we going to live on loans and subsidies and eventually bankrupt oir country. Or we are going to step up the game, work hard, prpgress as an export led economy, face momentarily discomfort and say good bye to IMF and live with dignity.

IK needs atleast 3 terms to show major major results. Lets pray he jails all the cronies and wins 2023 by a landslide!

Unfortunately I think opposite will happen.

 

[PakAlp]

We need to make a Pakistan economic Council similar to the Pakistan National Security Council. The PM, Cabinet, opposition leader in House, Economic experts, non political people with PHDs in economy need to made permanent member of this council.
Whenever a new government comes let them come to the council and be part of the economy council, then let all the members discuss and announce the policies and discuss them in the parliament to pass. This way our policies will not change with the new government but we will make 30 to 50 years of policies, you can amend as new challenges emerge but the data must be shared with the new PM and cabinet. The issue is as usual when the new government comes they spend 3 years reversing the old government policies and next 2 years making plans to implement their own, and then 5 years is over. 5 years is never enough to make changes and implement new policies. We had the electricity shortage but noone bothered to notice that this would take place until it was too late, the economy council would of had this data and shared with the new government that we need more dams for electricity otherwise in 10 years we would have shortage and this would cost us billions in economy. The same can be applied to other branches of the government

 

[Hakikat ve Hikmet]

I don't think that's true. I know who you are referring to, he usually doesn't give BS, but it's easy to be wrong.
China isn't the kind of country to take on another's burden, they want a partner in Pakistan, not a child to look after.
And, we really need to stop this discussion about a protectorate, we are nation of 230 million and growing, we'll be just fine.

Pak can ask for a loan swap though. When the US interest rate is damn low, anything over it is a plus....