Workers' remittances from the Middle East and their effect on Pakistan's economy

Abstract

"This paper makes an attempt to analyse the impact of remittances on the Pakistani economy, in particular, on broad economic indicators [such] as GNP growth, saving, and balance of payments (BOP), from 1969-70 to 1985-86. Section II estimates the contribution of the remittances, from the Middle East, to the growth in the Gross National Product (GNP), over different sub-periods. In Section III, an analysis of the relationship between national/domestic savings and remittances is given. Section IV discusses the impact of remittances on the balance of payments position of Pakistan. Finally, the main findings are summarized in Section V." Comments by Meekal A. Ahmad are included (pp. 762-3).