Why calls to Pakistan have become expensive?

[firenze]

Re: Why calls to Pakistan have become expensive?

@arshad5

Foreign currency is very important as without it the rupee would be in freefall and prices of everything would shoot up.

Bestway Cement, UBL Bank (after privatisation) come to my mind although there would be more no doubt.

Even if expatriates spend money on cars and houses still means that they are contributing to the economy of Pakistan, for example a car needs fuel, servicing, maintenance, insurance. Also half the real estate schemes in Pakistan would not even get off the ground without the support of expatriates.

UBL Bank = 55% own by NBP & rest Al-Nahyan family of UAE
Bestway = Sir Anwar Pervaiz of UK - minority share holder

No one is saying a word on oversees Pakistani contribution but it yikes me to core when oversees Pakistanis implies they run the country. Real estate schemes have nothing to do with overall economy given they speculate prices and the bubble bust after few year take the whole economy into emergency ward.

Also the major share holder in foreign exchange is by labor class of Middle East not by Europe & North American Pakistanis. Figures are publicly available, but its the oversees Pakistanis of North America & Europe who cry the most.