Inflow of remittances

0
121

Pakistan is capable of managing its resources and increasing its worth globally with regulated framework and policies.

Unfortunately, due to weak administration and political instability Pakistan has failed to manage the increasing population with respect to limited resources. Therefore, there is a sharp increase in emmigration of the workforce and an increase in worker remittances. There is a debate over increased remittances as it comes with a wider pros and cons attached to it. Remittances have contributed a lot to the growth of the country and its balance of payment but it has increased the trend of brain draining which has occurred as a loss to Pakistan in terms of workers and precious labour force.

Skilled workers are now attracted towards foreign jobs which has reduced the economic activity and investment in Pakistan. I suggest that our country should focus mainly on increasing exports by encouraging domestic production to save jobs and skills for the country.

MUHAMMAD FARAZ

Karachi