The government expects workers share in the national economic pie to increase, as indicated in the State Bank of Pakistan’s annual report for FY14 where it deals with the subject of remittances.
There is an element of counter-cyclicality in these inflows. When the domestic economy is not faring well, expatriate Pakistanis are likely to increase remittances to help their families here; also, if domestic employment opportunities do not look promising, or Pakistanis opt to emigrate because of security concerns, the flow of remittances is likely to increase,” it report says.
“This is not the case with traditional exports, which are dependent on a smooth functioning domestic economy or the in-roads that have been created in the international market,” it adds.
