Pakistanis Remit $5 Billion to Help Relatives in India

[Sully3]

I think Pakistanis are investing in Indian capital markets and real estate markets through their relatives in India. $5 billion is too large an amount to be considered a help by Pakistanis to their relatives in India. India should take these matters seriously.



$5 billion is too large an amount to be considered help. Pakistan expat remittance is pittance as compared to this amount. This is a serious matter.

Why would any Pakistani invest in property in India when Dubai is around the corner. Neither did i hear that India was a hot destination for international real estate buyers.

Most Pakistanis who decided to purchase real estate abroad choose Dubai, fairly obvious reasons why, 2 hours flight from Pak, Muslim country, Halal food,worlds no 1 holiday destination, no language barrier, currency fairly cheaper to USD and GBP, no tax.The really rich ones the Politicians sons, big business eco's go for property in London and the few uber clever ones have been buying penthouses in Shangai go for a few decades.

 

[kublaiyuan]

haha I can solve this mystery of world bank,

lots of Indian products are routed to pakistan through UAE/Oman/Yemen, containers are shifted to pakistani bound container ships by pakistani merchants in UAE/Oman/Yemen in cahoots with pakistani mafia supported by pakistani establishment.
As these items are not allowed to be imported directly by pakistan or the duties charges are too much,
now the money flow to India for these imports are routed through remittances channels or hawala this saves lots of hardships of both parties and Indian authorities gives it a pass as ultimately its good for Indian economy but pakistani govt. loses plenty of import charges but as pakistani mafia/establishment/politicians are in cahoots thus these guys benefit too and doesn't care
this also happens other way around but as compared to total Indian import its peanuts.

 

[Bombermanx1]

Looks like there are lots of relatives of hafiz saeed in india.

yes the hawala operators, anti national jihadis etc.

 

[kadamba-warrior]

But if World Bank's assumption is correct, apparently the Mujahir community in Pakistan is indirectly sending India approx 2 INS Vikramadityas every year.

Or funding and laying ground work for a bigger and badder "MUMBAI" !

Either way, $5B it too large an amount for a poorer country (in relative terms) to be sending to its self-declared arch-enemy!

I can only hope that the GoI seriously investigates this matter to its logical conclusion!

 

[Kyusuibu Honbu]

Or funding and laying ground work for a bigger and badder "MUMBAI" !

Either way, $5B it too large an amount for a poorer country (in relative terms) to be sending to its self-declared arch-enemy!

I can only hope that the GoI seriously investigates this matter to its logical conclusion!

The entire remittances received by India is calculated by World Bank based on logic assumptions rather than actual numbers.

So keeping my fingers crossed.

 

[oprih]

India's 7+ percent growth is the result of this remittances.

 

[Indus Pakistan]

It's mainly Mohajirs and their children in urban Sindh who send money to help out their relatives in need in India. But there are also people from India's Punjab and Indian occupied Kashmir now living in Pakistani Punjab who do it as well.

Almost all of Indian Punjab Muslims migrated to Pakistan Punjab in 1947 and today Indian Punjab is almost bereft of any Muslims so this figure will be insignificant. As regards Occupied Kashmir again the numbers of migrants from there are not in large number as even the total Kashmir population is quite low. Therefore whilst there will be some flow but again this is nominal.

However as you mention it is the Mohajir community from urban Sindh like Karachi and Hyderabad that is sending the money to India. And the poster who mentioned Thar Parker must be joking or he does not know that region is dirt poor and with small population.

Unless all of Thar Parker is full of tax avoiding millionaires who were migrants from India and have millions of relatives left in India who they support.

India's 7+ percent growth is the result of this remittances.

No. Quite the contrary. It is migrants from India who have done far better in Pakistan and now support their poor brethren in India.

 

[ConcealCarry]

WTF!

 

[Indus Pakistan]

What I have never understood is millions of Pakistani's migrate illegaly or legally west to Europe and Americas. Districts like Hazara, Attock, Rawalpindi, Jhelum, Lahore, Faisalabad have 100,000s of migrants all over the West. However Karachi for some reason get's millions of Indian's, Bangladeshi, Myanmarr, Afghans* etc.

Does not make any sense to me. If official figures are true about incomes being lower in Pakistan compared to rest of South Asia why are these people migrating illegaly to Karachi in Pakistan?

Ps. I think the "Afghans" often used by certain people are in fact mostly locals from KPK. The Afghan term is used in attempt to exclude them from Karachi when they have as much if not more right than many. Most real Afghan's these days head for Europe through Iran.

 

[RiazHaq]

Is Reading An #Urdu Book In #India's #Delhi Metro A Crime? "In haramiyon ko seedha #Pakistan bhejo" Is Reading An Urdu Book In The Delhi Metro A Crime? … via @ScoopWhoop

Reading in the metro, especially if you manage to find yourself a seat, is such a pleasure. But, thanks to the volatile environment we are currently living in, a person (of an unknown gender) had the most unpleasant experience ever. Why? Because he/she was allegedly 'caught' reading a booklet of the recently concluded Jashn-e-Rekhta festival which happened to be in Urdu.

 

[thesolar65]

How much of that is counterfeit??

 

[kublaiyuan]

No. Quite the contrary. It is migrants from India who have done far better in Pakistan and now support their poor brethren in India.

crap a Mumbai based wholesale dealer <muslim gent> get over 100k USD orders for Dabur products from pakistan every quarter, all money comes from remittance sources.
And what migrants these are muslims who came to pakistan, you ppl still call them migrants? lesson for Indian muslims here see fellow citizens how these pakistanis see you guys.

Besides that pakistan economy is surviving because of aid from west, gulf and IMF, without these entities pakistani economy wont be able to pay the debt on interest, with no money to import pakistan will face the same situation as faced by Zimbabwe, hyperinflation a single USD will got from current 105 to 500 in no time.

 

[Indus Pakistan]

Indian muslims here see fellow citizens how these pakistanis see you guys.

They are Indian's. Nothing to do with Pakistan. This Dabur or whatever is just bullshat yor giving because you cannot contend that $5 billion is coming from your enemy country. The one you think is failed. Newsflash for you son. Don't go by all the media hype. You in your superpower India still have millions of your people pulling rickshaws like animals. Pakistan banned it over half century ago.

 

[kublaiyuan]

They are Indian's. Nothing to do with Pakistan. This Dabur or whatever is just bullshat yor giving because you cannot contend that $5 billion is coming from your enemy country. The one you think is failed. Newsflash for you son. Don't go by all the media hype. You in your superpower India still have millions of your people pulling rickshaws like animals. Pakistan banned it over half century ago.

pakistan was created for muslims on Indian sub continent, so according to your founding father jinnah every muslim in Indian subcontinent should be migrated to pakistan, but due to Hindu's big heart Hindus let muslims to stay in India and whoever left India should be treated as equal citizen of pakistan. Its shameful that a old person thinks like this.
Beside that have you ever wondered why so many India made products are freely available in pakistani markets?

And yes in comparison to pakistan India is truly a Hyper power the standard of living of an average Indian is much better than pakistan, pakistan is even losing to bangladesh.

also Indian medicines are in huge demand in pakistan ofcourse sourced through dubai like everything else all money paid by remittance channels this is no secret to any wholesale dealer in Mumbai and well I have my own small business so I know this.

here check it out news from 2003<cant post the link> but search for lahore's Indian bazaar, I have heard even Baba Ramdev's Patanjali products have demand in pakistan