Main Menu

Pakistani Expats

 
 

Expat Pakistani Talent: There’s Not Much Here To Motivate Them to Return

DR. ISHRAT HUSAIN: There is little doubt the main driver of growth and shared prosperity in the 21st century is the knowledge economy. The evidence of this has already been demonstrated by Japan, Korea, Taiwan, Singapore, etc. China is embarking upon the same path. Most of these countries have invested heavily in their higher educational institutions and research establishments, sent hordes of young men and women for advanced studies particularly in science, technology, engineering and mathematics (STEM) subjects. These young scientists have studied at top universities, worked in cutting-edge laboratories,Read More


Islamabad Seeks to Raise Up to $1 Billion From Expats as Reserves Dwindle

Pakistan’s foreign exchange reserves falling fastest in Asia Irshad Salim — Pakistan’s economic managers have flagged off  a long-awaited plan to raise as much as $1 billion from its diaspora in its latest effort to boost foreign-exchange reserves that have dropped close to the lowest in three years. The government now plans to launch an overseas certificate in U.S. dollars and rupees by June to raise between $500 million and $1 billion a year, Zafar Masud, director general of National Savings at the finance ministry, told Bloomberg by phone onRead More


Overseas Pakistanis ‘Own’ a $587 Million Organization Called ‘OPF’

IRSHAD SALIM — Pakistani expatriates collectively own a $587 million+ organization back home but were unaware until the newly appointed Chairman Board of Governors of the Overseas Pakistan Foundation (OPF) broke the news at a town-hall-style meet of more than 500 Pakistanis at the embassy in Riyadh. More than 2.5 million Pakistanis are in the Kingdom — the largest community among Pakistani Diaspora worldwide and last year they remitted close to $5.6 billion (largest amount among the Diaspora). According to analysis, they will continue to hold the coveted spot forRead More