🌍💸🇵🇰 Overseas Pakistanis Power Economy with $38bn in Annual Remittances

Prime Minister Shehbaz Sharif has hailed overseas Pakistanis as the backbone of the national economy, highlighting that they send home over $38 billion in remittances each year.

These inflows are crucial for Pakistan, helping stabilise foreign exchange reserves, narrow the current account gap, support household consumption, and reduce reliance on external borrowing. During periods of economic pressure, remittances often act as a shock absorber, providing steady dollar inflows when exports or investments slow.

To further strengthen this lifeline, Pakistan needs to offer stronger financial security and investor confidence to overseas Pakistanis. Clear policies, protection of capital, transparent taxation, and reliable legal safeguards can encourage the diaspora to invest more in real estate, industry, startups, and infrastructure, rather than limiting their contribution to remittances alone.

@ThePulsePoint