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Overseas Pakistanis should boycott Pakistan under PDM leadership

Bewal Express said:
No he doesn't. He has to face an election, if he evades that then he is running. Keeping corrupt, American paid mafia out, is his duty.
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You keep saying American mafia, do you even know what is Imran’s grand plan here?

China clearly doesn’t give a damn about who is in power in Pakistan.

Russia the last thing on their mind right now is being friends with Pakistan.

So what exactly is Ik’s grander plan here by rubbing everyone the wrong way?
 
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PTI fans at the moment :))) :)))

<iframe src="https://streamable.com/e/uxg544" width="560" height="317" frameborder="0" allowfullscreen></iframe>
 
Major said:
PTI fans at the moment :))) :)))

<iframe src="https://streamable.com/e/uxg544" width="560" height="317" frameborder="0" allowfullscreen></iframe>
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Remarkable spirit. So much feelings for their country.
 
Major said:
PTI fans at the moment :))) :)))

<iframe src="https://streamable.com/e/uxg544" width="560" height="317" frameborder="0" allowfullscreen></iframe>
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I feel her. but
Please give up everything and go back Pakistan live their to show your support to IK.
 
Local.Dada said:
You keep saying American mafia, do you even know what is Imran’s grand plan here?

China clearly doesn’t give a damn about who is in power in Pakistan.

Russia the last thing on their mind right now is being friends with Pakistan.

So what exactly is Ik’s grander plan here by rubbing everyone the wrong way?
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The grander plan is not to bow down. No one is abusing the west by the way, please mind your tone lest I reply to you in like manner.
 
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pakistanisgreat said:
I feel her. but
Please give up everything and go back Pakistan live their to show your support to IK.
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Its soo hilarious to see how naive these people are.

1. These rlna dhona doesnt matter. Pmship isnt imrans birth right. We elected opposition in majority.

2. Before giving interviews its better to have knowledge. Fazlu isnt becoming president as opposition doesnt have the numbers in senate to remove president. Arif alvi is also not gonna resign as that would be buffonary.
 
Local.Dada said:
You keep saying American mafia, do you even know what is Imran’s grand plan here?

China clearly doesn’t give a damn about who is in power in Pakistan.

Russia the last thing on their mind right now is being friends with Pakistan.

So what exactly is Ik’s grander plan here by rubbing everyone the wrong way?
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Its funny becuase imran is on the ecl list. But he has no country that would take him. Us and uk hate him by now. He is better of going to india and live there like adnan sami.

If they can accept adnan sami, this guycould do well there.
 
Major said:
Its funny becuase imran is on the ecl list. But he has no country that would take him. Us and uk hate him by now. He is better of going to india and live there like adnan sami.

If they can accept adnan sami, this guycould do well there.
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You are mistaking him for that proclaimed offender Sharif.

Imran's not going anywhere - live with it.
 
MenInG said:
You are mistaking him for that proclaimed offender Sharif.

Imran's not going anywhere - live with it.
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Just wait until justice isa becomes CJP. If opposition is not gonna take their revenge no issue, but CJP has evrry reason to go after Imran and at that point he would be running.

It all depends whether he burned his bridges with army or not. The army doesnt hate him yet, and maybe a deal has been done to give a safe route out.

Last night many nros were being done where they wanted shebaz not to be pm, safe passage be given to imrans family, no court proceedings etc. These things will come out slowly.

As for the proclaimed offender, at the end of the day, it was our pm who allowed him to go
 
Major said:
Its funny becuase imran is on the ecl list. But he has no country that would take him. Us and uk hate him by now. He is better of going to india and live there like adnan sami.

If they can accept adnan sami, this guycould do well there.
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IK can always find a job as an IPL commentator on one of India's numerous TV channels :ashwin
 
Major said:
Its funny becuase imran is on the ecl list. But he has no country that would take him. Us and uk hate him by now. He is better of going to india and live there like adnan sami.

If they can accept adnan sami, this guycould do well there.
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Imran could walk into India any day of the week but he won't. You would love to be the next Adnan Sami but they would tell you to get on the next boat back.
 
Major said:
Just wait until justice isa becomes CJP. If opposition is not gonna take their revenge no issue, but CJP has evrry reason to go after Imran and at that point he would be running.

It all depends whether he burned his bridges with army or not. The army doesnt hate him yet, and maybe a deal has been done to give a safe route out.

Last night many nros were being done where they wanted shebaz not to be pm, safe passage be given to imrans family, no court proceedings etc. These things will come out slowly.

As for the proclaimed offender, at the end of the day, it was our pm who allowed him to go
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Only one person was saying that ALL night.

Hamid Mir. And we know where he stands.

That is not your source is it?
 
Cpt. Rishwat said:
Imran could walk into India any day of the week but he won't. You would love to be the next Adnan Sami but they would tell you to get on the next boat back.
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Be careful now. Imran doesnt have tareen to give him money. In a few months imran could be running off to do ipl gigs or talk about pakitsan politics on republic tv make some oney and fund pti...

I know what he should do.

He shouls set up a youtube channel like all ex cricketers :))
 
Major said:
Be careful now. Imran doesnt have tareen to give him money. In a few months imran could be running off to do ipl gigs or talk about pakitsan politics on republic tv make some oney and fund pti...

I know what he should do.

He shouls set up a youtube channel like all ex cricketers :))
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True.

He doesnt have haram kee kamayee like some of the PPP/PML-N chaps do so yes he may have to do that.
 
MenInG said:
Only one person was saying that ALL night.

Hamid Mir. And we know where he stands.

That is not your source is it?
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And the shabeez sharif news became true today, didnt it? One single candidate for pm is about to cause a massive by election and create further differences in pti where members are reluctant to leave their mna seat to an election as you never know if you will win or lose it

The nros that imran signed off they will slowly come out.
 
We cannot take corrupt Pakistanis seriously who are desperate to flee Pakistan for an overseas welfare living. They only support corrupt parties because it offers them an avenue and chance to bail Pakistan with their ills, while receiving brown envelopes through their corrupt connections.

The threat of hyperinflation is over their head, their corrupt money is about to evaporate, their corrupt connections corroding. They can eat their paper currency when starving, drink their hollow tears when thirsty, and pour their filthy blood into their petrol tanks for extra milage.
 
Technics 1210 said:
We cannot take corrupt Pakistanis seriously who are desperate to flee Pakistan for an overseas welfare living. They only support corrupt parties because it offers them an avenue and chance to bail Pakistan with their ills, while receiving brown envelopes through their corrupt connections.

The threat of hyperinflation is over their head, their corrupt money is about to evaporate, their corrupt connections corroding. They can eat their paper currency when starving, drink their hollow tears when thirsty, and pour their filthy blood into their petrol tanks for extra milage.
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What's funnier is they have been waving the saffron flag for the last 20 years and suddenly they have a new found patriotism. But they still can't decide who to back, Billo, Billo Daddy, or Beggars can't be Choosers Sharif. :91:
 
I urge all Pakistanis living overseas to pull their money out of Pakistan. Our hard earned, taxed, money is not worthy for corrupt leaders. They will use our money to fund further corruption, to spill more blood, and to line their pockets.

Pakistan Bond ratings will hit junk status now. The rupee will further plummet, your assets will be stolen by corrupt leaders and their cronies.

Sell. Sell. Sell.
 
Cpt. Rishwat said:
What's funnier is they have been waving the saffron flag for the last 20 years and suddenly they have a new found patriotism. But they still can't decide who to back, Billo, Billo Daddy, or Beggars can't be Choosers Sharif. :91:
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Yup. Some have even lived in India for a while, seeking new funding. This is corruption for you, loyality to money, not the country they proclaim to love, and desperate to leave.

Sleeping with the enemy.
 
Technics 1210 said:
I urge all Pakistanis living overseas to pull their money out of Pakistan. Our hard earned, taxed, money is not worthy for corrupt leaders. They will use our money to fund further corruption, to spill more blood, and to line their pockets.

Pakistan Bond ratings will hit junk status now. The rupee will further plummet, your assets will be stolen by corrupt leaders and their cronies.

Sell. Sell. Sell.
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I have one property there, not sure if I will sell it just yet, but I certainly will when the time is right. I was supposed to be going there later this year for a family wedding, but that's not happening now. I've got better places to spend my money. No more British currency for the subcontinent. They can beg for it from their neighbours.
 
Cpt. Rishwat said:
I have one property there, not sure if I will sell it just yet, but I certainly will when the time is right. I was supposed to be going there later this year for a family wedding, but that's not happening now. I've got better places to spend my money. No more British currency for the subcontinent. They can beg for it from their neighbours.
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I was heading out to Lahore too but I have started the process to sell. I have zero trust now. These corrupt parties steal land at whim, there is no reason they cannot steal our assets in Pakistan

The corrupt do not deserve our sovreign currency or charity anymore. Let them beg from India, and their corrupt contacts.
 
Major said:
Its funny becuase imran is on the ecl list. But he has no country that would take him. Us and uk hate him by now. He is better of going to india and live there like adnan sami.

If they can accept adnan sami, this guycould do well there.
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Not sure he's a bhagora that your types love supporting. After all tried and tested failures tend to have a lifeline. When Billo ll be in the line to run away he will be best suited for India, perhaps a comical role in cheesy bollywood flicks :) But wait even they would reject him because Billo can't speak urdu or hindi propely and here we have his fans who want him to represent the country LOL.
 
Kriketer said:
Not sure he's a bhagora that your types love supporting. After all tried and tested failures tend to have a lifeline. When Billo ll be in the line to run away he will be best suited for India, perhaps a comical role in cheesy bollywood flicks :) But wait even they would reject him because Billo can't speak urdu or hindi propely and here we have his fans who want him to represent the country LOL.
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The Billo pretence is over, Major is openly pitching for Mr 10% now. As he should, can you imagine Mummy Daddy boy Boy ever leading a country? If you want the coffers drained, then best to call in the experts.
 
[MENTION=135038]Major[/MENTION] I am yet to see anything is substance from you. All you're doing is bashing Imran khan and PTI but completely ignoring the failures of the stooges for the past 30 years. You support PPP but completely oblivious to the fact that people of Sindh are living in the worst conditions for a number of years. If PPP was such a great party they could have used all their political might and influence to help those people yet they are treated like animals and subhumans.

Why are you so happy to bring these crooks back?
 
It seems overseas Pakistanis have already boycotted. In last 24 hours 1.84B$ have been taken out from Roshan Digital Pakistan.
[MENTION=1269]Bewal Express[/MENTION] [MENTION=21699]Pakpak[/MENTION] [MENTION=138254]Syed1[/MENTION]
 
Ozeirk said:
[MENTION=135038]Major[/MENTION] I am yet to see anything is substance from you. All you're doing is bashing Imran khan and PTI but completely ignoring the failures of the stooges for the past 30 years. You support PPP but completely oblivious to the fact that people of Sindh are living in the worst conditions for a number of years. If PPP was such a great party they could have used all their political might and influence to help those people yet they are treated like animals and subhumans.

Why are you so happy to bring these crooks back?
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You expecting a discussion of facts and figures with Major? LOL, is better to bash your head against the wall rather than discussing anything with him.
 
Ozeirk said:
[MENTION=135038]Major[/MENTION] I am yet to see anything is substance from you. All you're doing is bashing Imran khan and PTI but completely ignoring the failures of the stooges for the past 30 years. You support PPP but completely oblivious to the fact that people of Sindh are living in the worst conditions for a number of years. If PPP was such a great party they could have used all their political might and influence to help those people yet they are treated like animals and subhumans.

Why are you so happy to bring these crooks back?
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If ppp is not doing anything is sindh than sindhis shouldt vote for them. I won't have any issues unlike pti fans.

As long as they are democratically elected, Aek Zardari Saab Per bhari.
 
Hermoine Green said:
It seems overseas Pakistanis have already boycotted. In last 24 hours 1.84B$ have been taken out from Roshan Digital Pakistan.
[MENTION=1269]Bewal Express[/MENTION] [MENTION=21699]Pakpak[/MENTION] [MENTION=138254]Syed1[/MENTION]
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Common sense . Which sane person would allow a pickpocket to hold their wallet.

A protest also took place outside the residence of Nawaz in London , which was bought by the Pakistani people money
 
Cpt. Rishwat said:
The Billo pretence is over, Major is openly pitching for Mr 10% now. As he should, can you imagine Mummy Daddy boy Boy ever leading a country? If you want the coffers drained, then best to call in the experts.
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I thinks he's an internet troll trying get his post count up.
There are a few here which tarnish this otherwise amazing forum
 
Hermoine Green said:
It seems overseas Pakistanis have already boycotted. In last 24 hours 1.84B$ have been taken out from Roshan Digital Pakistan.
[MENTION=1269]Bewal Express[/MENTION] [MENTION=21699]Pakpak[/MENTION] [MENTION=138254]Syed1[/MENTION]
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This will be interesting. If Remittances drop by even 10% then that combined with this $2bn will be the equivalent of our IMF loan. If Remittances go back to pre IK levels that is a $12bn drop. But off course [MENTION=135038]Major[/MENTION] will cover these billions. Kaptaan just has to ask and most will be with him. Sometimes the nicey nicey approach is seen as a weakness.
 
Ozeirk said:
[MENTION=135038]Major[/MENTION] I am yet to see anything is substance from you. All you're doing is bashing Imran khan and PTI but completely ignoring the failures of the stooges for the past 30 years. You support PPP but completely oblivious to the fact that people of Sindh are living in the worst conditions for a number of years. If PPP was such a great party they could have used all their political might and influence to help those people yet they are treated like animals and subhumans.

Why are you so happy to bring these crooks back?
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He is angry that he was going to celebrate but he is getting the humiliation of a lifetime.
 
Bewal Express said:
This will be interesting. If Remittances drop by even 10% then that combined with this $2bn will be the equivalent of our IMF loan. If Remittances go back to pre IK levels that is a $12bn drop. But off course [MENTION=135038]Major[/MENTION] will cover these billions. Kaptaan just has to ask and most will be with him. Sometimes the nicey nicey approach is seen as a weakness.
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This is over emotions. A few months will pass and people will remit as before. Actions over emotions doesn't have sustainability.
 
Itachi said:
This is over emotions. A few months will pass and people will remit as before. Actions over emotions doesn't have sustainability.
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Maybe but I am sure [MENTION=135038]Major[/MENTION] and his ilk, who have trolled us overseas PKs, will cover the difference. I will tell you one thing if IK calls for it they will drop by a 1/3 within days . The Roshan Digital account has started to crash and no one has even asked for it to be crashed. The anger amongst PKs in PK and overseas can be felt through smart phones and on the streets. Even children in households have been unnerved and it won't dissipate. They have to have an election soon or the whole system will fall. I hope the system does fall and the PDM,the Judiciary and Generals are hanged from lamp posts. These crooks have made mamoo of PKs for too long.
 
Bewal Express said:
Maybe but I am sure [MENTION=135038]Major[/MENTION] and his ilk, who have trolled us overseas PKs, will cover the difference. I will tell you one thing if IK calls for it they will drop by a 1/3 within days . The Roshan Digital account has started to crash and no one has even asked for it to be crashed. The anger amongst PKs in PK and overseas can be felt through smart phones and on the streets. Even children in households have been unnerved and it won't dissipate. They have to have an election soon or the whole system will fall. I hope the system does fall and the PDM,the Judiciary and Generals are hanged from lamp posts. These crooks have made mamoo of PKs for too long.
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You guys should do a protest over zoom. Will make pdm fall.
 
Funny how overseas posters go gaga on fake social media news

Screenshot_20220411-175443.jpg
 
A handful of people based in Western Countries think they can have an influence on the happening inside Pakistan. More than 50% of our remittances come from laborer's and people working in the Middle East. These will continue regardless of who is in the government.

If the handful decided to boycott, it wouldn't make even the slightest difference to Pakistan. In fact, please boycott Pakistan and leave us alone.
 
uberkoen said:
A handful of people based in Western Countries think they can have an influence on the happening inside Pakistan. More than 50% of our remittances come from laborer's and people working in the Middle East. These will continue regardless of who is in the government.

If the handful decided to boycott, it wouldn't make even the slightest difference to Pakistan. In fact, please boycott Pakistan and leave us alone.
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That sums up why remittances have not gone down in reality and the claims were from fake data.
 
Bewal Express said:
Maybe but I am sure [MENTION=135038]Major[/MENTION] and his ilk, who have trolled us overseas PKs, will cover the difference. I will tell you one thing if IK calls for it they will drop by a 1/3 within days . The Roshan Digital account has started to crash and no one has even asked for it to be crashed. The anger amongst PKs in PK and overseas can be felt through smart phones and on the streets. Even children in households have been unnerved and it won't dissipate. They have to have an election soon or the whole system will fall. I hope the system does fall and the PDM,the Judiciary and Generals are hanged from lamp posts. These crooks have made mamoo of PKs for too long.
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You continue to spread fake news and lies just like your leader.

SBP has falsified the claims of Roshan Digital Accounts that you and your ilk are spreading. Continue with your lies because that's all you lot are capable of whether its a fake letter, withdrawing from roshan digital accounts or corruption allegations without any proof.

You call yourself Muslim and me a Kaffir yet in the month of Ramadan you're the one spreading lies and I'm the one correcting you on every post and telling people the truth. I bet God if extremely proud of people like you who blatantly lie during the month of Ramadan.

Moreover, as mentioned, remittances from the likes of you based in western countries aren't even a drop in the water. It won't make a difference to Pakistan. Keep your empty and useless threats to yourself. Your attempt at blackmailing 220 million people of Pakistan over a few dollars is beyond pathetic.
 
Itachi said:
That sums up why remittances have not gone down in reality and the claims were from fake data.
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Its sad that we have people outside pakistan who want the nation to fail becuaee their favourite cricketer is not pm.

However, just the hangama they made the realities are always different
 
uberkoen said:
A handful of people based in Western Countries think they can have an influence on the happening inside Pakistan. More than 50% of our remittances come from laborer's and people working in the Middle East. These will continue regardless of who is in the government.

If the handful decided to boycott, it wouldn't make even the slightest difference to Pakistan. In fact, please boycott Pakistan and leave us alone.
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The laborers in the Middle East also support IK.

The laborers can send their money through Hawla/Hundi. Their family can get the money, however what do you think will happen to the rupee.
 
Support Imran Khan but the remittance argument is baseless.

The UK chest thumpers contribute very little and it is the gulf laborers who form the majority and they will continue regardless of who is in government since they all have to go back to pak one day
 
Gharib Aadmi said:
The laborers in the Middle East also support IK.

The laborers can send their money through Hawla/Hundi. Their family can get the money, however what do you think will happen to the rupee.
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You speak for the entire expat population of Pakistan in the Middle East? LOL.
 
Guys like Trump, Modi, Boris etc have an entire eco system behind them be it the conservative parties, the right wing eco system, church, Hindu organizations, RSS etc etc which have years of foothold.

In Pakistan the ecosystem seems to be Military and religious institutions.

There is no right or left wing in Pakistan so probably the religious organizations are divided when it comes to IK and the opposition.

Then there is military and looks like they are on the other end when it comes to Ik.

So the biggest support he has are the overseas Pakistanis.

No disrespect but Most of them seem to be blue collar or middle Class overseas folk especially from Uk who might save up and make the odd donation to the party. At some point if they feel that their money is not making an impact, that will dry up too.

What IK needs is a big enough system backing him. The crowds don’t reflect anything. In India at least any 2nd rate politician can hire a couple of 3rd rate celebrity for a jalsa and can pull in a massive crowd. That doesn’t reflect anything.

This isn’t a reflection on IK or his politics. That is just the way politics work. You need money and years of building troops on the ground.
 
Gharib Aadmi said:
The laborers in the Middle East also support IK.

The laborers can send their money through Hawla/Hundi. Their family can get the money, however what do you think will happen to the rupee.
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Remittance is a small component of the economy, if that becomes the main life source then the problem runs deeper beyond Imran Khan and other political parties.

Remittances are usually sent as a way for people in the country to help keep up with their lifestyle. If people are able to keep up with inflation due to remittances than it would make it double difficult for the locals because then the price point would be acceptable.

Also NRI investment can also be counter-productive. It affects the purchasing power of the locals. That can only be balanced out by a strong economy. This I am a overseas Pakistani and I help run the economy with the remittance is a very selfish thing to say. One can be proud of helping their family that’s all there is to it.it doesn’t make a dent in the economy. If it does than there is a larger problem.
 
Local.Dada said:
Remittance is a small component of the economy, if that becomes the main life source then the problem runs deeper beyond Imran Khan and other political parties.

Remittances are usually sent as a way for people in the country to help keep up with their lifestyle. If people are able to keep up with inflation due to remittances than it would make it double difficult for the locals because then the price point would be acceptable.

Also NRI investment can also be counter-productive. It affects the purchasing power of the locals. That can only be balanced out by a strong economy. This I am a overseas Pakistani and I help run the economy with the remittance is a very selfish thing to say. One can be proud of helping their family that’s all there is to it.it doesn’t make a dent in the economy. If it does than there is a larger problem.
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For India yes, Pakistan no.

For Pakistan check the exports and remittances. They are almost the same. This is very bad, and Pakistan needs to greatly increase exports. However if Pakistanis don't leave the country for jobs the country will be bankrupt.
 
Their is this misconception that all the Pakistanis in the Middle East are laborers, or doing menial jobs.

A lot of Pakistanis in the Middle East are working in professional jobs such as doctors, engineers, bankers, etc. I have so much family in the Middle East, and I don't know anyone who does not support PTI.
 
21649961065-1.jpg


https://tribune.com.pk/story/2352614/remittances-hit-all-time-high
 
Let's say even 10% decide to pull their remittances out - that is very possible with hardcore PTI supporters, maybe even more. Using MIG's chart in the post above you're looking at $2billion. Huge sums, huge sums and my understanding is some people are very serious about this.
 
bones said:
Let's say even 10% decide to pull their remittances out - that is very possible with hardcore PTI supporters, maybe even more. Using MIG's chart in the post above you're looking at $2billion. Huge sums, huge sums and my understanding is some people are very serious about this.
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What will happen then? Pakistan economy will collapse?
 
Why should govt or party care about overseas remittance ? Overseas remittance is good for economy i.e. to push consumption and protect the rupee. But why would someone stop remitting back to their family or stop investing in properties and lands just because they don't like the party in power.
 
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">My message for our Overseas Pakistanis. <a href="https://t.co/1kGNuSSydR">pic.twitter.com/1kGNuSSydR</a></p>— Imran Khan (@ImranKhanPTI) <a href="https://twitter.com/ImranKhanPTI/status/1515008798762496009?ref_src=twsrc%5Etfw">April 15, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 
wasim-fan said:
Why should govt or party care about overseas remittance ? Overseas remittance is good for economy i.e. to push consumption and protect the rupee. But why would someone stop remitting back to their family or stop investing in properties and lands just because they don't like the party in power.
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lol. Is this sarcasm?

No sane person would invest or deposit money when you have thieves running the place. Of course many will send to their family or poor neighbours or charities such as Edi or SK cancer hospitals.

Second reason is stop investing/sending large amounts in protest of an imported government.
 
MenInG said:
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">My message for our Overseas Pakistanis. <a href="https://t.co/1kGNuSSydR">pic.twitter.com/1kGNuSSydR</a></p>— Imran Khan (@ImranKhanPTI) <a href="https://twitter.com/ImranKhanPTI/status/1515008798762496009?ref_src=twsrc%5Etfw">April 15, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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Not a good sign, this gives the impression PTI is struggling for finances after the exit of Jahangir Tareen and Aleem Khan.
 
Savak said:
Not a good sign, this gives the impression PTI is struggling for finances after the exit of Jahangir Tareen and Aleem Khan.
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People are responding overwhelmingly. There's a wait time on namanzoor.com to donate
 
Savak said:
Not a good sign, this gives the impression PTI is struggling for finances after the exit of Jahangir Tareen and Aleem Khan.
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What you talking about?
There is a queue on the portal. Folks are flocking in and webpage is overloaded. What's not good is the poor technology and architect behind the webpage. There is a long wait on the webpage, before before they can take your money.
 
Remittances hit four-month low in Sept
Inflows stand at $2.44b as some overseas Pakistanis opt for unofficial channels

KARACHI:
Remittances sent home by overseas Pakistanis slowed down to a four-month low at $2.44 billion in September 2022.

The State Bank of Pakistan (SBP) reported on Tuesday that the receipts contracted 10.5% in September 2022 compared to inflows of $2.72 billion in the prior month. The remittances were 12.3% lower compared to the same month of previous year when they stood at $2.78 billion.

Experts, while citing SBP Governor Jameel Ahmed, said a section of non-resident Pakistanis had apparently opted to send remittances through the open market and unofficial channels (like Hundi and Hawala), as they offered a much higher exchange rate in September this year. As a result, the inflows through official channels faced a setback. The price of the US dollar was higher by Rs10-12 in the open and black markets compared to the rate offered by banks for most of the days in the month. With the cumulative inflow of $7.7 billion in July-September FY23, the remittances decreased by 6.3% as compared to the same period of last year, the central bank said.

“Workers’ remittances at around $2.5 billion in a month are not bad. Rather, it is a good number,” Ismail Iqbal Securities Head of Research Fahad Rauf said while talking to The Express Tribune.

“The number seems to be small as we are comparing it with a relatively bigger number in the previous month.” Citing Monday’s analyst briefing given by the SBP governor on the latest monetary policy statement (MPS), Rauf said Jameel Ahmed attributed the drop in workers’ remittances to the shift of a section of overseas Pakistanis to unofficial channels due to availability of a higher rupee-dollar price there.

Rauf said the flow of remittances slowed down from across the world including the five major markets like Saudi Arabia, the United Arab Emirates (UAE), the United States, the United Kingdom and Europe.

“Across-the-board drop in remittances may partially be the outcome of global economic slowdown,” he pointed out.

The shrinking remittances from the US, UK and Europe may be linked with high inflation readings and fears of recession in the West. Middle Eastern countries, however, have largely remained unscathed by the world economic crisis. “The slowdown in remittances from the Middle Eastern countries suggests that the non-resident Pakistanis may have sent money through the open and/or black markets,” he said.

Bangladesh also witnessed a 25% drop in workers’ remittances in September following the fixation of remittances’ price at 108 taka per US dollar compared to the prevailing market price of 115 taka to a dollar. “The market is expecting comparatively higher workers’ remittances keeping in view the flood situation,” he said.

The floods may have impacted the relatives and friends of overseas Pakistanis back home.

Arif Habib Limited Head of Research Tahir Abbas voiced hope that the overseas Pakistanis would return to the formal remittance channels in October after the authorities launched a crackdown on the unauthorised networks and the spread of rupee-dollar rates narrowed to normal levels between the formal and informal markets.

He was of the view that the remittances would come to around $30 billion in the current fiscal year.

In September 2022, the remittances from Saudi Arabia dropped to $616.6 million compared to $691.8 million in the prior month. From the UAE, they stood at $474.3 million. Inflows from the UK decreased to $307.8 million and from the US dipped to $268.1 million.

Meanwhile, the rupee maintained its winning streak for the 13th successive working day, as it inched up 0.08% (or Rs0.18) to close at Rs217.79 against the US dollar in the inter-bank market on Tuesday.

With this, the rupee has cumulatively regained 9.14% (or Rs21.96) in 13 working days. “The rupee will recover to around Rs210 over the next two to three weeks,” Abbas said.

He added that the supply of foreign currency had remained higher in the market than its demand. Exporters are selling more compared to the importers who are buying less these days. The situation has kept on supporting the rupee.

Express Tribune
 
Pakistan receives $140m RDA inflows, lowest since Dec ‘20
Non-resident Pakistanis from 175 different countries opened 511,159 RDAs

Foreign currency inflows from overseas Pakistanis through Roshan Digital Account (RDA) clocked in at $140 million in December, according to data from the State Bank of Pakistan on Thursday.

The latest RDA inflows are the lowest since December 2020, a local brokerage house, Arif Habib Limited said.

Since the launch of RDA in September 2020 to December 2022, the country received a total of $5.6 billion in inflows from the Pakistani diaspora living abroad. During this period, the amount invested through Naya Pakistan Certificates (NPCs) was $3.5 billion.

Within NPCs, $1.772 billion was invested in conventional NPCs and $1.725 billion in Islamic certificates. Expatriate Pakistanis invested $48 million in the stock market.

The non-resident Pakistanis (NRPs) from 175 different countries opened 511,159 RDAs.

Across the world, the majority of central banks are aggressively tightening their monetary policies as a result of the skyrocketing inflation. Because of this, returns on NPCs were no longer competitive. On top of that, political upheaval has further undermined the investors’ trust, pushing them to sell their NPC holdings.

However, the one-year dollar-denominated NPC remained one of Pakistan's top-performing assets in 2022.

...
https://www.thenews.com.pk/print/1027556-pakistan-receives-140m-rda-inflows-lowest-since-dec-20
 
Dar greenlights plan to raise $2bn from overseas Pakistanis
SWIT volunteers to raise $2m interest-free loan to help sail country out of financial crisis

Finance Minister Ishaq Dar on Thursday gave the go-ahead for raising $2 billion from overseas Pakistanis to help the country navigate the current economic quagmire.

Speaking at a conference titled 'Defining a roadmap for Islamization of Pakistan's economy', Saylani Welfare International Trust Chairman Bashir Farooqi sought the finance minister's approval for voluntarily raising $2 billion from overseas Pakistanis using the charity's global welfare network.

Dar, who was available via video conference link, issued directives to the State Bank of Pakistan (SBP) to document the raise of the proposed debt.

"The transaction should be transparent, well documented and there should be a well-defined method to raise the debt," said the finance czar. Farooqi said the debt will be raised for five years and it will be interest-free and the funds will be handed over to the government by the trust.

"The government may use it to clear import goods stuck at Karachi port due to the low availability of foreign exchange reserves at present", added the trust's chairman.

...
https://tribune.com.pk/story/2398982/dar-greenlights-plan-to-raise-2bn-from-overseas-pakistanis
 
daytrader said:
Dar greenlights plan to raise $2bn from overseas Pakistanis
SWIT volunteers to raise $2m interest-free loan to help sail country out of financial crisis

Finance Minister Ishaq Dar on Thursday gave the go-ahead for raising $2 billion from overseas Pakistanis to help the country navigate the current economic quagmire.

Speaking at a conference titled 'Defining a roadmap for Islamization of Pakistan's economy', Saylani Welfare International Trust Chairman Bashir Farooqi sought the finance minister's approval for voluntarily raising $2 billion from overseas Pakistanis using the charity's global welfare network.

Dar, who was available via video conference link, issued directives to the State Bank of Pakistan (SBP) to document the raise of the proposed debt.

"The transaction should be transparent, well documented and there should be a well-defined method to raise the debt," said the finance czar. Farooqi said the debt will be raised for five years and it will be interest-free and the funds will be handed over to the government by the trust.

"The government may use it to clear import goods stuck at Karachi port due to the low availability of foreign exchange reserves at present", added the trust's chairman.

...
https://tribune.com.pk/story/2398982/dar-greenlights-plan-to-raise-2bn-from-overseas-pakistanis
Click to expand...

Apnee Auqat mai agayay finally Dar Mian
 
Boycott of PDM leadership is exactly what overseas did. The dollar is now at 270... inshallah 300 tak jayega. Those on the forum who bark against overseas, I hope they feel the greatest pinch. Inshallah.
 
Syed1 said:
Boycott of PDM leadership is exactly what overseas did. The dollar is now at 270... inshallah 300 tak jayega. Those on the forum who bark against overseas, I hope they feel the greatest pinch. Inshallah.
Click to expand...

Why do you wish harm for Pakistan?
 
MenInG said:
Why do you wish harm for Pakistan?
Click to expand...

My wishing or not wishing won't make a difference. The powerful corridors of Pakistan have already decided to beat the country to death.
 
daytrader said:
Dar greenlights plan to raise $2bn from overseas Pakistanis
SWIT volunteers to raise $2m interest-free loan to help sail country out of financial crisis

Finance Minister Ishaq Dar on Thursday gave the go-ahead for raising $2 billion from overseas Pakistanis to help the country navigate the current economic quagmire.

Speaking at a conference titled 'Defining a roadmap for Islamization of Pakistan's economy', Saylani Welfare International Trust Chairman Bashir Farooqi sought the finance minister's approval for voluntarily raising $2 billion from overseas Pakistanis using the charity's global welfare network.

Dar, who was available via video conference link, issued directives to the State Bank of Pakistan (SBP) to document the raise of the proposed debt.

"The transaction should be transparent, well documented and there should be a well-defined method to raise the debt," said the finance czar. Farooqi said the debt will be raised for five years and it will be interest-free and the funds will be handed over to the government by the trust.

"The government may use it to clear import goods stuck at Karachi port due to the low availability of foreign exchange reserves at present", added the trust's chairman.

...
https://tribune.com.pk/story/2398982/dar-greenlights-plan-to-raise-2bn-from-overseas-pakistanis
Click to expand...


lol haha
And you think overseas Pakistanis will trust these ultra high level chores of PDM and their friends? No. Not with a single penny.

But yeah, those overseas PDM supporters who bark supportive slogans, need to open up their wallets and meet that small target of only $2 Billion.
It wouldn't hurt to see when their own British Pounds and US Dollars are stolen by their own masters in Pakistan. And yep, no voting rights.
 
MenInG said:
Why do you wish harm for Pakistan?
Click to expand...
The Generals have betrayed PK with their alliances and think your average PK abroad hates those that betrayed PK. To cut a long story short, overseas PK have given up.on a country run by criminals for criminals
 
daytrader said:
Dar greenlights plan to raise $2bn from overseas Pakistanis
SWIT volunteers to raise $2m interest-free loan to help sail country out of financial crisis

Finance Minister Ishaq Dar on Thursday gave the go-ahead for raising $2 billion from overseas Pakistanis to help the country navigate the current economic quagmire.

Speaking at a conference titled 'Defining a roadmap for Islamization of Pakistan's economy', Saylani Welfare International Trust Chairman Bashir Farooqi sought the finance minister's approval for voluntarily raising $2 billion from overseas Pakistanis using the charity's global welfare network.

Dar, who was available via video conference link, issued directives to the State Bank of Pakistan (SBP) to document the raise of the proposed debt.

"The transaction should be transparent, well documented and there should be a well-defined method to raise the debt," said the finance czar. Farooqi said the debt will be raised for five years and it will be interest-free and the funds will be handed over to the government by the trust.

"The government may use it to clear import goods stuck at Karachi port due to the low availability of foreign exchange reserves at present", added the trust's chairman.

...
https://tribune.com.pk/story/2398982/dar-greenlights-plan-to-raise-2bn-from-overseas-pakistanis
Click to expand...

No shame from PDM, you take our voting rights and now want our money. No chance.
 
And look at the overseas that want pakistan to fail only because their party is not in power.....
 
Major said:
And look at the overseas that want pakistan to fail only because their party is not in power.....
Click to expand...

I find that disgraceful.

Pakistan gave me my identity.

I may hate the likes of Sharif for personal reasons but I will never wish ill on Pakistan and it's people.
 
Bewal Express said:
The Generals have betrayed PK with their alliances and think your average PK abroad hates those that betrayed PK. To cut a long story short, overseas PK have given up.on a country run by criminals for criminals
Click to expand...

No they haven't.

Lets not confuse our opposition for the corrupt for any hate for Pakistan
 
Major said:
And look at the overseas that want pakistan to fail only because their party is not in power.....
Click to expand...

What can overseas do to try to help Pakistan not fail?

I know, in the past you dismissed the idea that foreign remittances and sending money to Pakistan helps.
OK fair enough!

Now, PDM is wanting $2B from overseas. And according to you, these scams don’t work.
So sure enough we are going to take your advice and won’t fall for it this time. we shouldn’t send a penny. Happy?

Also, if anyone posts an opinion on a forum, it doesn’t practically do anything to help or destroy pakistan.


What’s exactly are you talking about?
 
MenInG said:
No they haven't.

Lets not confuse our opposition for the corrupt for any hate for Pakistan
Click to expand...

The corrupt politicians who ruled over Pakistan in the last 72 years - were/are mere pawns on the chess board. Yes, they were/are rotten to the core and will sell their mothers for money - BUT - their handlers were INDEED the army generals right from the Yahya Khan’s era or even before that.

These army generals could’ve wiped out these ultra corrupt elements in our politics to steer the country in a progressive democratic path of prosperity - BUT - instead the army generals used these corrupt politicians as pet dogs.
Our army generals seem to be biggest traitors of this country who never wanted a true democratic form of full autonomy based form of govt.

I am 100% convinced that there have NEVER been a fair election happen in the name of democracy in Pakistan. It has ALWAYS been the army generals who pick b choose the PM INCLUDING IK.

If the army generals didn’t want IK in power, the vote power of the general public would mean zilch.
 
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