Every year billion of dollar or payment sent by overseas to their home countries. Over the last twenty years these remittances are being utilized for developmental activities and to sustain Pakistan economy. Remittance plays integral part in easing the current account deficit, providing balance of payment increase of export, labor force and market situation as well. Therefore remittances are referred as engine of economic growth. In the month of July …
Read More »Why the gulf will always need migrants?
Forecast – Slumping remittances will rebound from the Gulf to the developing world when oil markets stabilize and Gulf diversification plans pan out. – As part of their nationalization initiatives, Gulf States will edge out some highly skilled expatriates in favor of citizens. – Since the burden of taxation will fall on expatriates, Gulf States will have to rely on public relations to maintain migrant flows. Analysis The recent …
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