RealNapster
SENIOR MEMBER
- Joined
- May 6, 2015
- Messages
- 7,611
- Reaction score
- 9
- Country
- Location
Yeah we known which country is the hellhole to live at the moment
Yeah for sure bro
China's economy records slowest growth since the start of 2020
China's economy has recorded its worst quarterly performance in over two years, after months of harsh Covid lockdowns wreaked havoc across the country.www.cnn.com
Pakistanis should refrain from talking about India's unemployment rate whose own country is surviving on IMF bailout packages
After clinching deal with IMF, Pakistan plans to generate around $10bn in loans
ISLAMABAD: After striking a staff level agreement with the IMF, Pakistan has made plans to generate approximately $9 to $10 billion in loans from other multilateral creditors, including the World...www.google.com
Well, to be frank it's not about the hell hole or something like that. The issue is our economy, which is too small to support and enrol all of our young labor force. You see, population of Pakistan is increasing 4-5 million each year. And we only create 300-500 thousand jobs each year. Education level is also increasing in Pakistan. This means we produce more graduates then what we can adjust in our economy. So it's obvious that those individuals will seek jobs in those markets which have jobs but lack labor force. I mean, this is the obvious reason why Indians are #2 demographics in majority of Arab countries and large diaspora of Indians in US, UK, Canada etc.
@RiazHaq
Brofessor sb,
As per your statistics, there are almost 5 times as many Pak emigrants as Indians. But they sent back only USD 31 billion as remittances as compared to USD 89 billion by Indians. Why?
Regards
Well, 32 million Indians and 8.8 million Pakistanis live and work abroad. So the gap in remittances is justified. Infact, Pakistan's remittances per person is still more then India as per 8.8 million Indians send 24.5 billion while same number of Pakistanis last year sent 31 billion dollars.
And you also know that majority of Indians moved out in 90s and 2000s. The rate may be slow now but you had an early start. Also, I search and according to one source still 2.5 million indians go to other countries to work each year.
Last edited: