Remittances up by 15% to $13.3b in 9 months; Arab countries lead with $8.589b

[WishLivePak]

Your example has no economic relevance or common sense, I hate to tell you. I am even surprised you decided to write such example.

A small country with smaller population and area, will need lesser schools, lesser hospitals, lesser roads and everything else and lesser revenue to enjoy a better lifestyle, compared to a country 4-5 times larger in area and population. Just think about it. Here are the top richest countries BY population (per Capita). You'll notice, the US, China, the UK, etc, aren't in the top 10 in multiple analysis by the CIA and the World Bank. Its because there are countries much smaller with much less population, which require less money to provide a better lifestyle to its citizens, and these countries are where people are the richest, per capita i.e.. When one country needs to cover a 100 mile area with roads for example, and has 100000 people living there, the schools, businesses, hospitals, overall infrastructure needs will be MUCH less than a country with 10,000 mile area and with 2 million people. Its really common sense to be honest with you. Check out this link below and read for yourself.

List of countries by GDP (PPP) per capita - Wikipedia, the free encyclopedia

Your example is long and boring, I hate to tell you. I am surprised you decided to write such long example.


Just say, "A city with 100 people is easier to manage than a city with 700 people."

 

[Viper0011.]

Your example is long and boring, I hate to tell you. I am surprised you decided to write such long example.

Just say, "A city with 100 people is easier to manage than a city with 700 people."

If you haven't been following the posts, its not my fault. It has been mentioned before simply. If you find my posts boring, you should take a hike and go read about murders in Karachi?? Or IK's brand new lie of the week. I am sure that would be MUCH more interesting than my post.

 

[WishLivePak]

If you haven't been following the posts, its not my fault. It has been mentioned before simply. If you find my posts boring, you should take a hike and go read about murders in Karachi?? Or IK's brand new lie of the week. I am sure that would be MUCH more interesting than my post.

i was poking fun at you.

Americans have no sense of humor. Say a joke and it is 'murica.

 

[Viper0011.]

i was poking fun at you.

Americans have no sense of humor. Say a joke and it is 'murica.

I was too. You don't get sarcasm. Us "Mericans" do get both, the joke and the sarcasm

 

[Rajput_Pakistani]

yes, central banks around the world are not that strict....Pakistan is way too strict compared to other countries.

You can easily wire money back to pakistan, it really is that easy....And pakistan is desperate for dollars, they let it all in without background checks as that would slow down the process...

You have not read my post correctly, i think.
Leave Pakistan aside, okay i accept for a moment, that we have the most pathetic banking system. We have no checks and balances, but what about the other side banks. Could you open up an account in USA, without mentioning the source and then wire transfer the money to Pakistan that easily?
Mind you, after 9/11, FBI Financial division, i snooping every penny an banking transactions.

 

[Faiez]

You have not read my post correctly, i think.
Leave Pakistan aside, okay i accept for a moment, that we have the most pathetic banking system. We have no checks and balances, but what about the other side banks. Could you open up an account in USA, without mentioning the source and then wire transfer the money to Pakistan that easily?
Mind you, after 9/11, FBI Financial division, i snooping every penny an banking transactions.

We're talking of UAE here....UAE does not have that strict banking measures...

Pakistani banking laws are very strict..you need proof of this, proof of that to open a simple bank account...

I don't know how strict banking regulations are in the USA...

So yes, money can be laundered from UAE into pakistan. UAE is heaven for scammers/frauds who have made dirty money from eastern countries....like pakistan, india etc...

 

[SBD-3]

yes, central banks around the world are not that strict....Pakistan is way too strict compared to other countries.

You can easily wire money back to pakistan, it really is that easy....And pakistan is desperate for dollars, they let it all in without background checks as that would slow down the process...

Just FYI Pakistan is a member of FATF/APG/Egmount Group/UN CTED and regularly undergoes review from these AML/CFT reviews. Not every dollar comes in unquestioned.

 

[Faiez]

Just FYI Pakistan is a member of FATF/APG/Egmount Group/UN CTED and regularly undergoes review from these AML/CFT reviews. Not every dollar comes in unquestioned.

yeah, not every single dollar, but a fair chunk of the dollars can come in unquestioned....and they do...And I support that...government has no business questioning me needlessly...If they don't have any evidence to suggest my money is illegal, I should be allowed to transact freely.

The burden of proof should be on the government, not on me to prove that I'm innocent. I'm innocent till proven beyond doubt guilty.

 

[Wolfhound]

This will increase gradually. Both India and Pakistan's major product output is skilled labor. India's dominated in IT and overall advanced education. But Pakistan can still get much better even with the lower skilled workers in the ME market, as the country's size and population is less. It'll take less money to turn Pakistan into a high growth and an advanced country, then what it would take India, as its 7 times larger with more than 4 times the population.

There has been serious focus at-least by the Punjab government to produce highly skilled IT workers as there are millions of young men and women with advance degrees in the state, so this strategy will start to pay off in the next 5-7 years and more revenue will flow in, for more educated back office IT and non IT services, like what India does.

The estimates are, by the end of December 2015, Pakistan's foreign currency reserves will cross $ 20 billion. By the end of next year, those reserves will be around $ 25-28 Billion and by the end of 2017, when many large projects start to actually produce (electricity, motorways, hospitals, metros, etc,etc), the savings account will hit estimated around $ 40 billion plus. In ten years, if political stability and religious tolerance remains in place, Pakistan would be in the top 20 economies from a growth standpoint. Pakistanis need to work as a nation and support their country's upwards movement in the world ranks.

Damn! I really hope it all goes better than it is estimated. Btw can you give me the source of the estimates?

 

[Viper0011.]

Damn! I really hope it all goes better than it is estimated. Btw can you give me the source of the estimates?

I know these numbers about Pakistan, India, China, Bangladesh because of my focus on these areas. Some of these may not be out there as for such forecasting, you have to be sitting inside the IMF or the WB. But google it, you should be able to find some content if not all of it.
Remember, moody's has already put Pakistan in a "stable" category, bloomberg listed Pakistan as the 3rd most profitable market out of the 15 they picked for analysis last year. There is a thread on here on infrastructure development with many details on projects and investments. The face that Pakistan was able to put an order in for 6 submarines, with new heli's and new war ships.....tells you the money is coming in more freely than last year.
The point is, all these are indicators of a growing market. You'll really start to see many of the large forecast models coming true starting 2017, when majority of the power generation projects would go live and cut down the shortage by 80%, the businesses will start to work optimally and the exports will rise, along with parts of the trade corridors getting done.

 

[Wolfhound]

I know these numbers about Pakistan, India, China, Bangladesh because of my focus on these areas. Some of these may not be out there as for such forecasting, you have to be sitting inside the IMF or the WB. But google it, you should be able to find some content if not all of it.
Remember, moody's has already put Pakistan in a "stable" category, bloomberg listed Pakistan as the 3rd most profitable market out of the 15 they picked for analysis last year. There is a thread on here on infrastructure development with many details on projects and investments. The face that Pakistan was able to put an order in for 6 submarines, with new heli's and new war ships.....tells you the money is coming in more freely than last year.
The point is, all these are indicators of a growing market. You'll really start to see many of the large forecast models coming true starting 2017, when majority of the power generation projects would go live and cut down the shortage by 80%, the businesses will start to work optimally and the exports will rise, along with parts of the trade corridors getting done.

Great but can this be effected by the change of government? And link for the infrastructure thread?

 

[Viper0011.]

Great but can this be effected by the change of government? And link for the infrastructure thread?

Absolutely, a government change at this time will destroy this chance of Pakistan growing. Simple is that. The foreign investors are coming per relationships, business good will, and financial safety that the leadership has provided. You take out this leadership, you lose confidence of investors and everything will go down the drain very quickly, in a matter of days the investor will take out billions from the country and from the stock market. Your country will be at the brink of bankruptcy like it was, right before this government started.

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