Islamabad: Remittances sent by overseas Pakistani workers continue to play a vital role in the country’s economy, consistently serving as one of Pakistan’s major sources of foreign exchange earnings. These inflows help support the balance of payments, stabilize the national currency, and contribute to household incomes across the country.
Economists note that remittances are particularly significant for rural and semi-urban areas, where they often fund education, healthcare, and small business investments. The government has also implemented initiatives to facilitate easier and cheaper transfer of funds, encouraging the diaspora to contribute more effectively to the national economy.
Over the past decade, the growth in remittances has provided a buffer against economic shocks, such as trade deficits and currency fluctuations. Analysts emphasize that sustaining and expanding these inflows is crucial for economic stability and long-term development, highlighting the continued importance of overseas Pakistanis in the country’s financial framework.
