South Asian Business news and information

If the Indians are the largest minority group in then the Pakistanis are the second largest. Nearly  750,000 people of Pakistani origin live in UK. There is a huge contingent of Pakistani workers in the Middle East too and most of them go there for a temporary time period and after finishing their contract of work come back to . This is not a problem for Pakistani economy because; new workers are going to the Middle East to replace those who are coming back.

 Nearly $2.8 billion as workers’ remittances came to Pakistani economy during the first eight months of the current fiscal year. This figure is near to the foreign direct investment (FDI) to in the same period. The main problem of Pakistan in the manpower sector is that it could not yet produce and export highly skilled professionals in large number like neighboring India . According to this source , of the manpower export of Pakistan in the Middle Eastern countries, about 41% unskilled workers and 42.6% semiskilled or skilled manual workers. Thus Pakistan has a lot of potentials to increase its remittance income by exporting more skilled people in the Middle Eastern countries.  

 Violence and terrorism are not helping this sector at all and especially migrating to the western developed countries would become tough for the Pakistani professionals because of the problem.