Remittance from Saudia, GCC, UAE are 12 billion dollars out of total of 18 billion from all sources

shaikh

Minister (2k+ posts)
Ishaq Dar is trying to tax Pakistanis , right and left these days , imposed is 0.6% tax on all transactions for non taxpayers . This is the same gentleman who read out stupid resolution on yemen war in the National Assembly . He read out a resolution which could weaken our golden hen.


He is alleged to be the same man for whom a certain Dr.Mahmood now dead , then a senior hospital administrator was transferred in earlier Nawaz era from Lahore as he had stopped Dar from parking car in front of ward to meet some one .

Today Mian Mansha has been called by NAB on SC order , this SC will render Pakistan bankrupt as it tried to do by not allowing nationalizing of steel mill . Who will invest in Pakistan if its biggest businessman are behind bars or are on tenterhooks of villagers of FIA and NAB posing as law enforcement officers .

I am prepared to swear that if taxes were realized at the rate specified , Pakistani economy will collapse in three years , it is private sector which makes money and enriches society and creates employment . Money gone to government goes to a black hole and even evaporates to outside the country. Pakistanis should discourage Tax drives and instead insist on Tax reliefs and reducing size of Government .

Saudia, GCC UAE remittance is 12 billion dollars , UK and USA 2 billion each , where is Iranian remittance , may be in the form of people being trained from Baluchistan and KPK and sent back for future sabotage .

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Remittances touch record $18.5bn

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KARACHI: Remittances from overseas Pakistanis hit a record $18.5 billion during the previous fiscal year, almost equal to the current foreign exchange reserves of the country.


Overseas workers kept sending their savings to the country which has lost attraction for foreign investment, repor*ted to be zero in May 2015.


The State Bank of Pakistan (SBP) said on Monday the growth rate of remittances was 16.5 per cent during the fiscal year compared to 13.7pc a year earlier.


Remittances have been rising each year, with the growth rate being in double digits. However, they jumped by 33pc, or $4.6bn, in the last two fiscal years.


This was also observed that remittances from Middle Eastern countries have been increasing faster than other destinations.


The report indicated that the highest amount ($5.63bn — 19pc higher than previous year) was sent from Saudi Arabia.


Pakistan has become more and more dependent not only on remittances, but also on Arab countries where most overseas Pakistanis reside. In 2014-15, remittances from Saudi Arabia, the UAE and other GCC countries amounted to almost 65pc ($11.987bn) of the total $18.5bn.


Pakistan has failed on two important fronts to improve its economy — it missed the exports target and foreign investment fell sharply. However, the country succeeded to accumulate foreign exchange reserves through borrowings from donor agencies and selling bonds in the international market.


Foreign investment in the first 11 months of 2014-15 remained half of what it was in the same period of last year.


Despite high remittances and record reserves, the country is still facing current account deficit which, though lower than last fiscal year, remained around $2bn in the first 11 months of FY15. It was $3bn in FY14.


The SBP reported that remittances from the United States and the UK also increased — by 4.8pc and 4.9pc to $2.58bn and $2.28bn respectively — during the fiscal year under review, but fell from the European Union.


The total remittances from the 28-nation EU fell to $361 million from $461m last year.


Published in Dawn ,July 14th, 2015



 
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pak_aus

Senator (1k+ posts)
12 billion ki khatir mulk saudia ke hawale ker do saudi shahzdon ku khuli choti de do ju wo chahte hn Karen ider tum kerwao baqi log ku side per rehne do..............
 
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atensari

(50k+ posts) بابائے فورم
12 billion di khatir mulk saudia ke hawale ker do
آئی خیرات واپس کو کرتا ہے. جب خیرات آنی بند ہو جائے گی تب خیراتیے غیرت مند بن جائیں گے

اندور اندر کھائی جاؤ، اتوں رولا پائی جاؤ
 

kakajee

Minister (2k+ posts)
Shaikh Chilli Bhai, tell us what do you smoke?

You think that no accountability should be done because there will be no investment inside country. So you know the story of MCB and how Mian Mansha, the biggest fraudster along with Riaz Bahria became Billionaires?
 

zeshaan

Chief Minister (5k+ posts)
اند ر اندر کھائی جاؤ، اتوں رولا پائی جاؤ
لندن پیرس تے

دبئی اور سعودیہ اپنی انویستمت لگائی جاو
تے فکتریاں بنائی جاو
 

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