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Workers' Remittances from the Middle East and their Effect on Pakistan's Economy

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  • NADEEM A. BURNEY

    (akistan Institute of Development Economics, Islamabad)

Abstract

In recent years, remittances, especially from the Middle East (ME), have become an important source of foreign exchange earnings for Pakistan. The absolute amount of these remittances, over the last several years, have been so large, that they were bound to have a significant impact on the Pakistani economy, through improving its balance of payments position and reducing its dependence on external fmancing. For example, in 1982-83 the inflow of remittances from the Middle East to Pakistan, through official channels, was 2.4 billion U.S. dollars which was 70 percent of total exports of goods and non-factor services. The recent decline in oil prices and the slowing down of economic activity in the Middle East, however, has resulted in the reduction of the inflow of remittances. The main concern, now, is what would the level of remittances be in future years and how will the economy readjust itself to the reduced inflow of the remittances.

Suggested Citation

  • Nadeem A. Burney, 1987. "Workers' Remittances from the Middle East and their Effect on Pakistan's Economy," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 26(4), pages 745-753.
  • Handle: RePEc:pid:journl:v:26:y:1987:i:4:p:745-753
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    Cited by:

    1. Jawad, Muhammad & Qayyum, Abdul, 2015. "Modelling the Impact of Policy Environment on Inflows of Worker’s Remittances in Pakistan: A Multivariate Analysis," MPRA Paper 85497, University Library of Munich, Germany.
    2. Alderman, Harold & Garcia, Marito, 1993. "Poverty, household food security, and nutrition in rural Pakistan:," Research reports 96, International Food Policy Research Institute (IFPRI).

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