Saturday, May 31, 2025
No Result
View All Result
The AZB More Than Just News
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
No Result
View All Result
Daily The Azb
No Result
View All Result
Home PAKISTAN

The Economic Pillar: Overseas Pakistanis Amidst Pakistan’s Economic Challenges.

News Desk
August 23, 2024
The Economic Pillar: Overseas Pakistanis Amidst Pakistan’s Economic Challenges.
Share on FacebookShare on Twitter

Authored by: Dr. Gholam Mujtaba, MD, Ed.D.

Overview: Pakistan’s economic situation is facing severe challenges, worsened by rampant domestic corruption and ongoing political instability. Yet, the vital contribution of Overseas Pakistanis has emerged as a cornerstone in supporting the nation’s economy during these testing times.

  1. Trade Balance Overview:
        •    Export Growth: Pakistan’s exports demonstrated a moderate growth of 11.83%, increasing from $2.064 billion to $2.308 billion in the first month of the fiscal year 2024.
        •    Import Growth: Simultaneously, imports rose more sharply by 15.30%, from $3.69 billion to $4.256 billion during the same period.
        •    Net Impact: The country’s trade balance remains under strain. For July 2024, the deficit increased, resulting in a net loss of $320 million compared to the previous year.
  2. The Role of Overseas Pakistanis:
        •    Remittance Increase: Remittances sent by Overseas Pakistanis witnessed a significant uptick, rising from $2.99 billion to $3.158 billion, reflecting an increase of $160 million in the same corresponding month.
        •    Economic Contribution: These remittances have become an essential lifeline, providing critical foreign exchange that mitigates Pakistan’s economic shocks. They are crucial in counterbalancing the country’s trade deficits and sustaining the economy.
  3. Conclusion:
    The data from the first fiscal month of 2024 clearly shows that Overseas Pakistanis are indeed the unsung heroes of Pakistan’s economy. Despite being marginalized and denied fundamental rights, such as the right to vote in domestic elections, their contributions are indispensable. Their remittances uplift countless families and are essential in stabilizing the nation’s trade balance, proving them to be the backbone of the country’s economic resilience.
     

This presentation emphasizes the indispensable role of Overseas Pakistanis in supporting Pakistan’s economy, especially in the face of ongoing domestic challenges.
https://www.facebook.com/Dr.Gholam.Mujtaba/posts/pfbid02uZMf6NWC52jWsueXMzMJr3AoBL2MuNjXap57FUtcgK74W6dNXznKa2otVNP7jGoql

(https://www.facebook.com/Dr.Gholam.Mujtaba/posts/pfbid02uZMf6NWC52jWsueXMzMJr3AoBL2MuNjXap57FUtcgK74W6dNXznKa2otVNP7jGoql)

News Desk

News Desk

Welcome to our web desk! We're a dedicated team of digital enthusiasts passionate about delivering timely and engaging content to our online audience.

Related Posts

Rising Threat of Kidney Cancer: The Importance of Early Detection  and Advanced Treatment
Headline

JPMC Becomes First Public Hospital in Pakistan to Provide Instant Cancer Diagnosis

May 30, 2025
UK Ban on Disposable Vapes Takes Effect from June 1
Headline

UK Ban on Disposable Vapes Takes Effect from June 1

May 30, 2025
KP Student Bodies Unite Against Proposed Mines and Minerals Bill 2025
Headline

KP Student Bodies Unite Against Proposed Mines and Minerals Bill 2025

May 30, 2025
CM Murad Ali Shah Opens Free Cardiac Hospital in Baldia Town
Headline

CM Murad Ali Shah Opens Free Cardiac Hospital in Baldia Town

May 30, 2025
Arshad Nadeem, Muhammad Yasir Advance to Javelin Final at Asian Athletics Championships
Headline

Arshad Nadeem, Muhammad Yasir Advance to Javelin Final at Asian Athletics Championships

May 30, 2025
Pakistan Becomes Founding Member of China’s New Global Mediation Body, IOMed
Headline

Pakistan Becomes Founding Member of China’s New Global Mediation Body, IOMed

May 30, 2025
Noor Zaman Qualifies for British Open Main Draw After Victory Over El Torkey
Headline

Noor Zaman Qualifies for British Open Main Draw After Victory Over El Torkey

May 30, 2025
Sindh Witnesses Over 50% Decline in Migratory Birds Due to Climate Change
Headline

Sindh Witnesses Over 50% Decline in Migratory Birds Due to Climate Change

May 30, 2025
Pakistan, India Near Border Troop Drawdown After Recent Conflict: Gen Mirza
Headline

Pakistan, India Near Border Troop Drawdown After Recent Conflict: Gen Mirza

May 30, 2025
Bilal Bin Saqib Appointed Special Assistant to PM on Blockchain and Cryptocurrency
Business

Pakistan Crypto Council to Convene on June 2 to Discuss Digital Asset Regulations

May 30, 2025
Next Post
Political parties are responsible for the serious economic situation of the country: KCCI

KCCI announces full support to shutter down strikeMembers advised to keep businesses closed on Aug 28.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Most Popular

Another leak: TikToker Somal Mohsin’s private videos go viral

Aga Khan University Celebrates Student Innovation at Concluding Ceremony of President’s Challenge for Climate Solutions

We will live with Covid19 for months. Let’s not deny it or panic: Dr. Faheem Younus

PHDEC’s Mango Bagging Initiative Boosts Export Opportunities in Jalalpur, Multan

Burhan Mirza IT Investor: His Role in Pakistan’s Tech Industry

Must Read

Kaukab Iqbal
Headline

DRAP did not blackmail by Pakistan Pharmaceutical Manufacturers Association.

October 4, 2022
Huawei Launched Media Campaign as UK Amid at 5G Security Review
SCI-TECH

Huawei urged Telecom Regulators to shared Responsibility for Shared Future in “Better world Summit 2020”

August 6, 2020
The Azb is a 24/7 online news platform that covers a wide range of topics including business, economics, technology, finance, travel, fashion, and lifestyle.

Quick Links

  • Home
  • About us
  • SCI-TECH
  • Live TV
  • Banking

Useful Links

  • Videos
  • Reviews
  • Advertorial
  • Photos
  • About us
  • Author
  • Home
  • Latest News
  • Partner
  • Privacy Policy
  • Russian Theatre Group Celebrates Fifth Anniversary in Pakistan.
  • Terms and Conditions
  • The Azb – More Than Just News
  • Contact

© Copyright 2024 theazb. All Rights Reserved.

No Result
View All Result
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION

© Copyright 2024 theazb. All Rights Reserved.