Pakistan’s Army of Overseas Workers Keeps Economy From Collapse

[Captain1]

Re: Pakistan’s Army of Overseas Workers Keeps Economy From Collapse

@diwana

But some of that money is also spent on lavish items, wedding ceremonies, and higher price of real estate along with escalated competition among people.

One person works hard and rest of the family wastes money on unnecessary items.

Its between the sender and the family, they can use for lavish spending, healthy eating or simply putting sufficient amount of food in their plates… lets not whine about that, unless the money is used for buying ammunitions.

@diwana

Not necessarily. Many lavish items are imported. Pakistan does not manufacture a whole lot of these items.

Hence, the money goes out via imports. Plus inflation in terms of higher prices of local goods, housing and amenities.

When buying power and demand goes higher, prices increase especially if the supply is limited.

What I meant is ‘importing money’ is not what really helps.

It is a catch 22 situation however.

And who is “importing”? Its the local businesses. Whether the money is being sent from abroad or not people still buy “imported” items, there is no lack of rich class who wants to buy imported merchandise from imported underwear to imported cars. Importing money helps in keeping sufficient dollars in national exchequer to make payments.