Remittances from the European Union (EU) to Pakistan soared 49.7% in FY 21 and 28.3% in FY22, according to the State Bank of Pakistan. With $2.5 billion remittances in the first 9 months (July-March) of the current fiscal year, the EU ($2.5 billion) has now surpassed North America ($2.2 billion) to become the third largest source of inflows to Pakistan after the Middle East and the United Kingdom. Remittances from the US have grown 21%, second fastest after the EU (28.3%) in the first 9 months of the current fiscal year.
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| Country-wise Remittance Inflows in Pakistan. Source: State Bank of Pakistan |
Pakistanis in European Union:
The population of Pakistan-born migrants to European Union countries has been growing in recent years. With over 120,000 Pakistani migrants, Italy is the most popular destination for Pakistanis in the EU.
Italy is followed by Germany with 75,495 Pakistani migrants. Then comes Spain with 61,953 migrants, France 21,900 (2017), Sweden 11,674, Denmark 10,669, Ireland 7,351 (2016), Belgium 5,927, Portugal 5,310, Norway 5,157, Netherlands 4,723 and Austria 4,112. There are smaller populations of Pakistanis in several other European countries.
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| Pakistan-born Migrants in European Union. Source: OECD |
With $5.74 billion in the first 9 months of current fiscal year FY22, Saudi Arabia remains the top source of remittances to Pakistan, followed by $4.28 billion from the United Arab Emirates (UAE). However, the Saudi remittances are essentially flat while those from the UAE have declined 5.3% in this period. Pakistani diaspora is sending home over $30 billion a year, about 10% of the country's GDP. It is badly needed foreign exchange to balance Pakistan's external accounts.
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| Pakistanis in Italy. Source: Italian Government |
Pakistan's Worldwide Diaspora:
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| Pakistan Demographics |
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| Projected Population Decline in Emerging Economies. Source: Nikkei Asia |
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32 comments:
Rising Oil and Gas is going to wipe out EU
Inflation and unemployment will rise.Govtt will cut costs and subsidies - will outsource,and look for cheap labour,with limited welfare benefits.
There will a vast shortage of labour,at competitive rates
That is a new opening for Pakistani labour.On the 1 side,you have Qatar and Saudi - where Oil and Gas,will secure Pakistani jobs - and on the other, the decimation of EU industry - which will lead to a boom in low cost labour.
Also,to offset the Oil and Gas hikes and power costs - what can EU do ? EU people may not want their lands littered with Wind and Solar.
Solution - EU to make massive investments in Pakistani wind corridors - sell to Grid - repatriate the gains - and use that to offset EU power subsidies
Pakistani Wind farms,are set up by conglomerates,who can set off the accelerated depreciation,on the wind project,per se, as the farm is set up,as part of an existing industry,or by merging the brought forward tax assessed losses of the wind farm,or by a tax provision,which allows the depreciation of a Wind-SPV, to be offset with the taxable profits of the holding company.
BUT THIS IS NOT ENOUGH
Pakistan has to bring in foreign capital.In many parts of the US/EU,people do not want Wind,and also,in sub zero temperatures,like in Texas,the Wind energy is a flop.
These investors need wind corridors,in hot and humid zones,in high cost power grids,with no humans or agri or plantations.
Pakistan is the ideal bet for them.
Treat Wind power as a Deemed Export (as you save imported oil and gas)- allow capital goods imports at Nil duty,and a tax holiday for 10 years - with the year of start of the holiday, to be chosen by the farm at any time,in the 1st 5 years.In addition,maximum repatriation of profits and affix the tarriff in USD - as a proxy to imported oil and gas - so that the investors is insulated from PKR-USD.
Based on deemed exports - refund all indirect taxes or allow the wind farm to TRANSFER THE INDIRECT TAX PAID by the wind farm on purchases - to any Pakistani,who can use 85% of the tax as a VAT input credit.
To obviate the need for spinning power to offset wind-solar variations,better to provide incentives to farm,as the wind-solar hybrids,can be used to perpetually pump water - even where the water table in deep.Once the water comes out - THE ENTIRE ECONOMIC CYCLE STARTS.
HOT AND HUMID ZONES - ARE IDEAL FOR WIND GENERATION - 24 HOURS A DAY
Thw issue is NOT that the land of the wind farms,is to be used for SPV farms or CSP or agri - USE THEM FOR ALL THREE ! IF WATER REACHES BALOCHISTAN - IT WILL BECOME A BRAZIL/ARGENTINA (IN TERMS OF AGRI).dindooohindoo
@Riaz
This ia a very interesting and refreshing article, because it presents a completely overlooked hypothesis.
https://asiatimes.com/2022/04/demographics-push-china-india-russia-triple-entente/
As you love data, there is some data as well, though not particularly optimistic for Pakistan.
Regardless of that article, I am of the opinion that anti Muslim hostility coming from democratic - which in current world order are non Muslim - countries have largely to do with angst of an ageing population.
Muslims from South Asia and Africa have nothing to offer in return - neither skilled workforce, nor surplus capital, which means they become unwanted human capitals (a racist Polish politician called Syrian refugees "human garbage" during migrant crisis). Even though that term is barely used, this is how majority sees unwanted Muslim immigrants from Africa and Afghanistan. Automation of menial jobs means that even a last avenue is slowly becoming inapplicable.
SBP
@StateBank_Pak
Remittances crossed the monthly mark of US $3 billion for the first time. Cumulatively, at $26.1 billion, remittances grew by 7.6 % in the ten months of FY22 compared to last year.
https://www.sbp.org.pk/ecodata/Homeremit.pdf
https://twitter.com/StateBank_Pak/status/1525003527818469378?s=20&t=mxMP2xDzZxS6JamTtFHE0g
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Arif Habib Limited
@ArifHabibLtd
Monthly remittances reach highest ever during Apr’22, up by 12% YoY
Apr’22: $ 3.13bn, +12% YoY | +11% MoM
10MFY22: $ 26.08bn, +8% YoY
https://twitter.com/ArifHabibLtd/status/1525007593323765760?s=20&t=F8npzRfgFy_5U14SHx-WRw
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KARACHI, Pakistan : Remittances from Pakistani workers employed abroad exceeded a record $3 billion in April, the central bank said on Friday as the country’s foreign reserves dwindled to $16.37 million due to external debt payments.
https://www.channelnewsasia.com/business/pakistans-remittances-hit-all-time-monthly-high-3-billion-april-2683406
“Remittances in April (were) $3.1 billion..., crossing $3 billion for the first time ever,” the State Bank of Pakistan said in a statement.
The surge in remittances have been critical in restraining rises in the current account deficit though it has swelled to $13.1 billion in the first nine months of fiscal year 2022.
In terms of growth, remittances in April increased by 11.2 per cent on a month-on-month basis and 11.9 per cent year-on-year.
Cumulatively, at $26.1 billion, remittances grew by 7.6 per cent during the first 10 months of fiscal year 2022, compared with the 2021 fiscal period, the central bank statement said.
Pakistan is in dire need of external financial support due to a widening current account deficit with foreign reserves down to $10.37 million held by the central bank as of May 6 - equivalent to less than two months of imports.
Another $6.06 million in foreign reserves was held by commercial banks as of last week.
Prime Minister Shahbaz Sharif took over last month after a parliamentary no-confidence vote ousted his predecessor Imran Khan, who was blamed for mishandling the economy.
Sharif's government, however, has yet to implement reform policies such as curtailing costly energy subsidies, which were introduced by Khan's government in his last days in power as he faced mounting pressure over soaring inflation.
Remittances came mainly from Saudi Arabia with $707 million, the United Arab Emirates with $614 million, Britain with $484 million and the United States with $346 million, the central bank said, citing cumulative figures.
Ali Farid Khwaja
@afkhwaja
·
3h
This is the total dollar inflow in Pakistan over the past 5 years. Look how less important IMF/US/China/Saudi are compared to inflows from overseas Pakistanis. If only we gave them this much importance !
https://twitter.com/afkhwaja/status/1525107929397047297?s=20&t=mxMP2xDzZxS6JamTtFHE0g
FY17-22E
Remittances: $145 billion
Saudi Arabian Support $10 billion
IMF $4.5 billion
China $4.3 billion
US FDI $805 million
Highest ever oil import bill for the month of April 2022 amid 72% YoY jump in Arab Light prices along with 28% YoY volumetric growth.
Apr’22: $ 2.2bn, +94% YoY, +19% MoM
10MFY22: $ 17.0bn, +96% YoY
https://twitter.com/arifhabibltd/status/1525883734138003457?s=21&t=mKZ4thMugbEOJifLndhg1A
Workers’ remittances up 7.7pc to $26.1bn in 10 months
https://profit.pakistantoday.com.pk/2022/05/13/workers-remittances-up-7-7-to-26-1bn-in-10-months/
Exports grow by 25.46pc to $26.228 billion in 10 months
https://www.app.com.pk/business/exports-grow-by-25-46pc-to-26-228-billion-in-10-months/
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Arif Habib Limited
@ArifHabibLtd
Trade deficit increased by 65% to USD 39.3bn during 10MFY22
Textile Exports: $ 16.0bn, +26% YoY
Petroleum Imports: $ 17.0bn, +96% YoY
Agriculture and others: $ 12.1bn, +67% YoY
Transport Imports: $ 3.7bn, +60% YoY
https://twitter.com/ArifHabibLtd/status/1525873729749798913?s=20&t=Ssqo_-kw9_792ptmvNU1kw
SBP
@StateBank_Pak
Current Account Deficit shrunk to $623mn, in Apr 22; only two-thirds of Mar22 deficit of $1015mn. A rise in workers’ remittances (by $315mn) & a fall in imports (by $246mn) explain this reduction. Cumulatively, CAD reached $13,779mn during Jul-Apr FY22.
https://www.sbp.org.pk/ecodata/Balancepayment_BPM6.pdf
https://twitter.com/StateBank_Pak/status/1527350717580660743?s=20&t=LvT-wTgMp-e2I1iGiymefw
Arif Habib Limited
@ArifHabibLtd
Current Account Balance Apr’22
CAB: $-623mn (+132% YoY, -39% MoM)
Remittances: $3.1bn (+12% YoY, +11% MoM)
Total imports: $7.0bn (+25% YoY, -3% MoM)
Total exports: $3.8bn (+35% YoY, +1% MoM)
https://twitter.com/ArifHabibLtd/status/1527489074482782210?s=20&t=s_gLGc2WG0a97z5XlHNR7A
Fiscal deficit recorded at 3.8pc in 3 quarters
https://profit.pakistantoday.com.pk/2022/05/30/fiscal-deficit-recorded-at-3-8pc-in-3-quarters/
The country’s fiscal deficit was recorded at 3.8 per cent of the Gross Domestic Product (GDP) during the first three quarters of the current fiscal year compared to the 3 percent deficit recorded during the corresponding period of last year.
The deficit during July-March (2021-22) stood at Rs2,565.6 billion compared to the deficit of Rs1,652.0 billion during July-March (2020-21), says Monthly Economic Update and Outlook, May 2022 released by finance ministry.
The increase in deficit has been observed on account of the higher expenditures due to the rise in subsidies and grants. It is expected that the expenditure side would come under further pressure in the remaining months of the current fiscal year.
Similarly, the primary balance posted a deficit of Rs447.2 billion against the surplus of
Rs451.8 billion during the period under review.
Meanwhile, on the revenue side, tax collection has been currently showing a remarkable performance by posting a growth of 29 percent during the first ten months of the current fiscal year.
The first ten months’ data shows that the revenue collection has surpassed the target by Rs237 billion. This is despite tax relief measures which have impacted revenue collection by approximately Rs73 billion just in the month of April 2022. Total revenues grew by 17.7 percent in July-March (FY-2022) against the growth of 6.5 percent recorded in the same period of last year.
Higher growth in revenues has been achieved on the back of the significant rise in tax collection, the outlooks says adding, total tax collection (federal & provincial) increased by 28.1 percent whereas non-tax collection declined by 14.3 percent during the period under review.
FBR has taken various policy and administrative measures which paid off in terms of improved tax collection during the current fiscal year. It is expected that with the current growth momentum, FBR would be able to achieve its target during FY 2022. Total expenditure witnessed a sharp rise of 27.0 percent during Jul-Marc FY2022 against a 4.2 percent rise in the same period of last year.
Higher growth in total expenditure during the period has been observed on account of 21.2 percent growth in current spending and 54.6 percent increase in development expenditures.
The government is taking all possible measure to counter the downside risks associated with the economy, which currently has been facing challenges to sustain growth it had achieved during the fiscal year 2021-22, says Monthly Economic Update and Outlook,
May 2022 released here.
“Although the economy of Pakistan has achieved GDP growth of 5.97 percent in FY2022, but the fiscal situation and external sector performance are making it difficult to sustain and impacting the growth outlook in coming year,” noted the report.
It says, the International commodity prices were on rising trend and expected to increase further, adding the pass-through of the increase in global commodity prices was somewhat contained due to government measures. Even then it is expected that Consumer Price Index (CPI) inflation will remain in double digit in May 2022.
Pakistan has received all-time high remittances from overseas Pakistanis residing in European countries in the first 10 months of the fiscal year 2021-22.
https://arynews.tv/pakistan-receives-record-remittances-from-european-countries/
According to details, overseas Pakistanis residing in the EU countries sent over $2.8 billion in remittances in the first 10 months (July-April) of the fiscal year 2021-22. The amount received in these 10 months is 27.1% higher than the amount received at the same time last year. the remittances received by Paksitan at the same time last year were $2.20 billion.
The highest number of overseas Pakistanis in Europe are in Italy and that shows in the number of remittances as well. Overseas Pakistanis in Italy sent $701 million in remittances from July 2021 to April 2022. The amount is 47% higher than the amount sent by Italian Pakistanis last year which was $295.5 million.
According to details, the second-highest remittances, $300 million, were sent from Greece. There was a 41 per cent hike in the remittances sent from Greece in comparison to the last fiscal year. Remittances received from Greece last year amounted to $215 million.
The third highest remittances among European countries were sent from Holland, with an amount of $50.2 million received from July 2021 to April 2022, which is 30% higher than the last year.
While the fourth-highest remittances among EU countries were sent from Spain, with an amount of $42 million which is 30.1% higher than last year.
World Population Day: India will overtake China in 2023, says the UN
By Stephanie Hegarty
https://www.bbc.com/news/science-environment-62126413
India is set to become the world's most populous country next year, overtaking China with its 1.4bn people, according to UN figures.
By this November, the planet will be home to 8bn.
But population growth is not as rapid as it used to be.
It is now at its slowest rate since 1950 and is set to peak, says the UN, around the 2080s at about 10.4bn though some demographers believe that could happen even sooner.
But the population of the world is expanding unevenly.
More than half the growth we will see in the next 30 years will happen in just eight countries - the Democratic Republic of the Congo, Egypt, Ethiopia, India, Nigeria, Pakistan, the Philippines and Tanzania.
At the same time, some of the world's most developed economies are already seeing population decline as fertility rates fall below 2.1 children per woman, which is known as the "replacement rate". In 61 countries, the report says, populations will decline by at least 1% by 2050.
With one of the lowest fertility rates in the world (at 1.15 children per woman), China has announced that its population is due to start declining next year - much earlier than previously thought. That is despite the country abandoning its one child policy in 2016 and introducing incentives for couples to have two or more children.
As India's population continues to grow it will almost certainly overtake China as the country with the biggest population in the world.
Fertility rates are falling globally - even in many of the countries where the population is expanding. That is because, as previous generations expand, there are more people having children, even if individually those people are having fewer children than their parents did.
Growth is also largely thanks to developments in medicine and science which mean that more children are surviving into adulthood and more adults into old age. That pattern is likely to continue, which means that by 2050 the global average life expectancy will be around 77.2 years.
But this pattern means that the share of the global population aged 65 years or above is projected to rise from 10% this year to 16% in 2050. Again the distribution will be unequal with some countries, in East Asia and Western Europe, already seeing more extremes in ageing.
#India population to surpass #China's in 2023. Over half of global population increase up to 2050 will be in just 8 countries: Dem Republic of #Congo, #Egypt, #Ethiopia, #India, #Nigeria, #Pakistan, #Philippines & #Tanzania. https://www.un.org/development/desa/pd/sites/www.un.org.development.desa.pd/files/wpp2022_summary_of_results.pdf
For 10 countries, the estimated net outflow of migrants exceeded 1 million over the period from
2010 through 2021. In many of these countries, the outflows were due to temporary labour
movements, such as for Pakistan (net flow of -16.5 million), India (-3.5 million), Bangladesh
(-2.9 million), Nepal (-1.6 million) and Sri Lanka (-1.0 million). In other countries, including
Syrian Arab Republic (-4.6 million), Venezuela (Bolivarian Republic of) (-4.8 million) and
Myanmar (-1.0 million), insecurity and conflict drove the outflow of migrants over this period.
• All countries, whether experiencing net inflows or outflows of migrants, should take steps to
facilitate orderly, safe, regular and responsible migration, in accordance with SDG target 10.7.
------------------
Between 2010 and 2021, 40 countries or areas have experienced a net inflow of more than
200,000 migrants; in 17 of those, the total net inflow exceeded 1 million people.
In 2020, Türkiye hosted the largest number of refugees and asylum seekers worldwide (nearly 4 million),
followed by Jordan (3 million), the State of Palestine (2 million) and Colombia (1.8 million). Other major
destination countries of refugees, asylum seekers or other persons displaced abroad were Germany,
Lebanon, Pakistan, Sudan, Uganda and the United States of America (United Nations, 2020b).
What is future of Europe remittances if cut off of Russia gas causes major recession in Europe?
Germany is hoping to combat its shortage of skilled workers with a new ‘opportunity card’.
https://www.euronews.com/travel/2022/09/06/skilled-workers-are-in-demand-as-germany-tackles-labour-shortage-with-new-points-based-vis
The ‘chancenkarte’ will use a points system to enable workers with required skills to come to Germany more easily.
It is part of a strategy proposed by Labour Minister Hubertus Heil to address the country’s labour shortages, which is due to be presented to the government this autumn.
Every year, quotas will be set depending on which industries need workers. Three out of four of the following criteria must also be met to apply for the scheme:
A degree or vocational training recognised by Germany
Three years’ professional experience
Language skills or a previous stay in Germany
Under 35 years old
Currently, most non-EU citizens need to have a job offer before they can relocate to Germany. A visa for job seekers already exists, but the 'chancenkarte' is expected to make it easier and faster for people looking to find work in Germany.
Citizens of certain countries with visa agreements can already enter Germany for 90 days visa-free but are only permitted to take up short-term employment.
The opportunity card will allow people to come and look for a job or apprenticeship while in the country rather than applying from abroad. Applicants must be able to prove they can afford to pay their living expenses in the mean time.
The exact details of the scheme are yet to be formalised.
Why does Germany need to attract skilled workers?
This year, the shortage of skilled workers in Germany has risen to an all time high. Earlier this year, the Institute for Employment Research (IAB) found 1.74 million vacant positions throughout the country.
In July, staff shortages affected almost half of all companies surveyed by Munich-based research institute IFO, forcing them to slow down their operations.
There was a dip in Pakistani worker migration due to COVID in the last couple year. However, the numbers have picked up again with nearly 700,000 Pakistanis going to work overseas as of October this year.
https://beoe.gov.pk/?__cf_chl_jschl_tk__=b1b4890b1c9705af3b244646c1cd140ad59f0f8a-1577426531-0-Aa7RUMV3c8t-qhTE_wsuXG88GqpOS3SMabeKgwCnn8PO1ZJYBDvkMO4w6yBOsrXLO6HMNxdolaCf201abOoKQn8NU4gXnLVBmFUbaSSfa4KACGuXEphZ-Wpph8DHxEtVFtH_nr3GpKtP5CCKSEDnMfnNes7Xq-dXpcOlCoO6icVLUUltg12JbgVKSxVgUZ7CtIDNT7WC6AqKIYyGIhk-uLlsnW0VYaWhYjeRDqqTPExfqB_E1oGyko049nDUaiNxQL7JRYlKIkcGUVzYTraqiok
Overseas migration of Pakistanis is also diversifying, with an increasing number of migrants going to America and Europe. This is reflected in remittance sources. EU countries are now the fastest growing source of remittances to Pakistan.
https://www.riazhaq.com/2022/05/european-union-fastest-growing-source.html
The data shows that a lot more of the migrants are now skilled labor while the share of unskilled migrants is declining.
Here's an ILO report excerpt:
"Pakistani migrant workers were skilled
(42%) and involved in semi-skilled jobs such as welders, secretaries, masons, carpenters, plumbers and so
on. Another proportion of the labour migration was composed of unskilled labourers (39%) such as
agriculturists, labourers or farmers. Projections about future trends indicate that the number of Pakistani
labour migrants will continue rising to reach 15.5 million in 2020 (Government of Pakistan, 2018"
https://migration.iom.int/sites/g/files/tmzbdl1461/files/reports/Pakistan%20Migration%20Snapshot%20Final.pdf
PAKISTAN MIGRATION SNAPSHOT AUGUST 2019
"While migration to Pakistan has a strong cross-border dimension, the main destination countries of the large Pakistani diaspora are scattered across the world. In 2017, 22 per cent of the 6 million Pakistani emigrants lived in Saudi Arabia, 18 per cent in India, 16 per cent in the United Arab Emirates, 15 per cent in Europe and 6 per cent in the United States of America (Figure 3)"
https://migration.iom.int/sites/g/files/tmzbdl1461/files/reports/Pakistan%20Migration%20Snapshot%20Final.pdf
Pakistani migrants in Europe
According to the 2020 International Migrant Stock compiled by UNDESA4, a total of 952,993 Pakistani nationals resided in Europe in 2020. Fifty-eight per cent of them were male and forty-two percent were female. The number of Pakistani nationals in each European country in 2020 is shown in Annex 1, together with gender-disaggregated numbers. UNDESA estimates the number and composition of migrants on the basis of data obtained from population censuses, population registers and national surveys. The dataset provides estimates of the international migrant stock by age, sex and origin for the mid-point (1 July) of each year: 1990, 1995, 2000, 2005, 2010, 2015 and 2020.
https://migration.iom.int/sites/g/files/tmzbdl1461/files/reports/PAK_2021_Migrant%20Presence_Europe.pdf
European Countries Total Migrants Male Female
Denmark 14,318 7,503 6,815
Estonia 261 195 66
Finland 3,134 2,090 1,044
Iceland 94 69 25
Ireland 10,570 6,667 3,903
Latvia 228 204 24
Lithuania 7 3 4
Norway 21,140 10,853 10,287
Sweden 16,597 9,891 6,706
United Kingdom 537,047 282,645 254,402
Greece 8,823 4,435 4,388
Italy 124,800 89,557 35,243
Malta 549 300 249
Portugal 2,217 1,469 748
Slovenia 42 31 11
Spain 63,819 41,074 22,745
Austria 6,097 4,076 2,021
Belgium 13,246 8,143 5,103
France 27,203 16,341 10,862
Germany 79,227 53,993 25,234
Liechtenstein 7 5 2
Luxembourg 279 169 110
Switzerland 5,381 3,304 2,077
The Netherlands 14,104 8,030 6,074
Bulgaria 290 182 108
Hungary 1,055 780 275
Poland 278 257 21
Romania 625 438 187
Russia 726 579 147
Slovakia 122 110 12
The Czech Republic 662 501 161
UK Adds 226 New Visa Categories to Urgently Hire Skilled Workers
https://propakistani.pk/2023/05/18/uk-adds-226-new-visa-categories-to-urgently-hire-skilled-workers/
Exciting opportunities have emerged for Pakistani youth seeking employment abroad as the United Kingdom opens its doors to skilled workers from around the world, including Pakistan.
In response to the severe manpower shortage currently faced by Britain, the country has introduced a significant expansion in its immigration policies.
According to official reports, a total of 226 new immigration categories have been established, accompanied by a noteworthy increase in the minimum wage across all job categories.
This development marks the first time that professions such as police officers, journalists, judges, secret officers, barristers, lawyers, and flight pilots have been included in the immigration category. Furthermore, an additional 31 categories have been designated, encompassing diverse fields such as musicians, dancers, doctors, actors, and scientists.
The expanded opportunities extend beyond specific professions, as drivers, instructors, railway station assistants, air hostesses, cabin crew, veterinary doctors, and tailors are now eligible to pursue employment in the UK. Moreover, individuals with expertise in areas such as masonry, aircraft engineering, AC/fridge engineering, welding, charity work, and estate agency will also find potential avenues for relocation.
Students pursuing education in the UK can now benefit from the post-study work facility, which allows them to gain valuable work experience following the completion of their studies. Notably, highly-educated professionals can anticipate a substantial 20 percent increase in their remuneration, as highlighted in the official letter.
To facilitate the approved manpower shortage category, the UK government has taken steps to keep visa fees at a reasonable level, ensuring accessibility for individuals seeking employment opportunities in the country.
These progressive changes in the UK’s immigration policies provide an encouraging prospect for skilled workers from Pakistan and around the world. The reduced visa fees and the inclusion of a diverse range of professions reflect the British government’s commitment to addressing the pressing shortage of manpower while simultaneously welcoming talented individuals to contribute to the country’s workforce.
Aspiring professionals from Pakistan are encouraged to explore these newfound possibilities, which not only promise career growth but also cultural exchange and personal development. The opportunities available in the UK cater to a wide spectrum of skills and talents, fostering an environment where individuals can thrive and make significant contributions to their chosen fields.
With these favorable policy revisions, Pakistanis can now embark on a transformative journey, utilizing their expertise to build successful careers and establish meaningful connections in the United Kingdom.
Greece shipwreck highlights Pakistan human smuggling woes
Hundreds still missing after migrant vessel capsizes in Mediterranean Sea
https://asia.nikkei.com/Politics/International-relations/Greece-shipwreck-highlights-Pakistan-human-smuggling-woes#
About 40,000 Pakistanis a year leave the country through unofficial channels. Up to 90% of Pakistani migrants who reached Italy relied on smugglers and other illegal means, according to the Mixed Migration Centre, a Europe-based research group.
Some 34,000 were deported back to Pakistan last year from Europe, but that has not stopped the smugglers, who advertise widely on social media. Known by their slang name "dunkers," the smugglers can be found on Facebook offering to transport migrants overland from Pakistan to Turkey for between 200,000 and 400,000 rupees ($700 and $1,400) each.
Pakistani immigration lawyer Ahmed Jamal told Nikkei that human smugglers ply different routes to reach Europe, depending on how much they are paid. Most of the migrants on the capsized vessel are thought to come from the northern region of Kashmir, with some paying up to 2.3 million rupees to smugglers, local media reported.
"Those who pay high amounts are flown to North Africa legally, and from there transported to Europe on ships," Jamal said. Pakistanis who can't afford the flight to North Africa are often transported by a perilous land route to Greece, via Iran and Turkey.
The suspected smugglers in last week's disaster are expected to face manslaughter charges in Greece, while Pakistan said it has arrested a dozen suspects since the sinking.
The United Nations High Commissioner for Human Rights has called for countries to clamp down on human trafficking in the wake of the tragedy, but the smuggling problem in Pakistan is driven by more than economic woes and weak law enforcement.
Corrupt officials willing to look the other way in exchange for bribes is another key issue, according to a former immigration official, who spoke on condition of anonymity. He told Nikkei that his efforts to crack down on smuggling rackets got him quickly transferred.
The government should step up its monitoring of travel consultants and how passports are issued in districts hit hardest by the migrant exodus, said the immigration lawyer, Jamal, adding that Islamabad must reach out for technical assistance.
"Developed countries will provide all possible help to Pakistan for preventing illegal migration because it's in their national interest," he added.
In missing submersible and migrant disaster, a tale of two Pakistans
https://www.washingtonpost.com//world/2023/06/21/titanic-submersible-greece-migrant-ship-pakistan/
On social media, some Pakistanis pointed to the grim spectacle of compatriots from opposite ends of a great socioeconomic divide disappearing in the watery depths at the same time. Pakistan is in the middle of a devastating economic crisis, with the rate of inflation at a 50-year high, food shortages, energy blackouts and mounting unemployment. The conditions have compelled numerous people, especially among the poor, to seek a better life abroad.
“The desperate situation has led to the mushrooming growth of people smugglers in Pakistan,” wrote Zahid Shahab Ahmed, a senior research fellow at the Alfred Deakin Institute for Citizenship and Globalization in Australia. “In exchange for large sums of money, they offer people transportation, fake documentation and other resources for a swift departure from the country.”
“It is bad enough that the spectacular failure of the government to fulfill its part of the social contract by providing economic security to its citizens drives desperate individuals — even the educated ones — to leave the country,” noted a Monday editorial in Dawn, a Pakistani daily, further lamenting that “an inept, uncaring government has made little effort to crack down on a vast network of human smugglers who fleece desperate individuals and put them on a path strewn with hazards.”
Pakistani Prime Minister Shehbaz Sharif declared Monday a national day of mourning, while authorities in various parts of the country arrested people suspected of links to human-trafficking networks. “Our thoughts and prayers are with you, and we pray that the departed souls find eternal peace,” the chairman of Pakistan’s Senate, Muhammad Sadiq Sanjrani, said, vowing to take on the people smugglers.
That may be cold comfort to many Pakistanis, who live in what by some measures is South Asia’s most unequal society, one long dominated by influential, quasi-feudal potentates. Sharif himself is a scion of a political dynasty that also has huge business interests.
Grief shrouds remote Pakistan mountain village after Greece migrant boat tragedy
https://www.cnn.com/2023/06/21/asia/pakistan-greece-boat-tragedy-kashmir-village-intl-hnk/index.html
Bandali, Pakistan-administered Kashmir
CNN
—
An air of melancholy engulfs the small village of Bandali in Pakistan-administered Kashmir, where hopes are fading fast for nearly two dozen residents who went abroad in search of a better life and have since disappeared.
Families fight back tears as they yearn to hear what may have happened to their loved ones – all migrants aboard the boat, reportedly known as the Adriana, an overcrowded fishing trawler that capsized off the coast of Greece last week, killing at least 81 people and leaving hundreds more missing.
In Pakistan, authorities said more than 300 of its nationals died in the tragedy, but did not specify how they received the information. On Thursday, the Federal Investigation Agency of Pakistan said it has confirmed 92 deaths in the incident by collecting DNA samples of family members who reported their loved ones as missing to assist with the identification of victims.
Bandali, population 12,000, is just one of many Pakistani communities reeling from the disaster – about 22 people from this village alone remain unaccounted for, according to residents.
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Jabbar, 36, paid a human trafficker more than $7,500 in the hope of making it to Italy, traversing thousands of miles across dangerous routes from his home country to give his young daughters a better future, Anwar told CNN. Jabbar left his two daughters in the village while he went ahead with the journey.
Pakistan, a nation of about 220 million, is in the throes of its worst economic crisis in decades. Work is scarce; inflation is soaring; and essentials including food and fuel are increasingly costly.
The precise route Jabbar and his three family members took is unclear. But they arrived in Libya days before boarding the ill-fated boat there, aiming for their final destination: Italy.
Phone conversations between Anwar and Jabbar in the days leading up to the tragedy highlight the grim conditions faced by those making a trip controlled by a lucrative and all too often merciless network of international smugglers.
ormer US President Obama slams Western hypocrisy over migrants
https://www.aa.com.tr/en/americas/former-us-president-obama-slams-western-hypocrisy-over-migrants/2929144
That more attention is being paid to Titanic submersible than migrant boat sinking off Greece is ‘rotten,’ he says
Ahmet Gencturk |
Former US President Barack Obama on Thursday slammed the hypocrisy of Western media concerning migrants and particularly in reference to the recent sinking of a migrant boat off southwestern Greece in which at least 82 people died and hundreds more are feared to have drowned.
The fact that more attention is being paid to a submersible carrying five people that vanished off the coast of Newfoundland, Canada while on a tour of the Titanic’s wreckage than the migrant boat sinking off Greece with up to 700 people on board is “rotten,” he said during an appearance in the Greek capital Athens. He came to participate in the Stavros Niarchos Foundation’s Nostos 2023 conference.
“That's an untenable situation. And, you know, the notion that we can't do something about that is simply not true. We know we can do things for these people," Obama said in reference to the migrant flow to developed countries.
Pakistanis in Italy
https://www.integrazionemigranti.gov.it/AnteprimaPDF.aspx?id=2924#:~:text=Overall%2C%20between%202010%20and%202018,in%20Italy%20as%20a%20whole).
Overall, between 2010 and 2018, almost 20,000 Pakistani children were born in Italy. 22,075 Pakistani students enrolled for academic year 2019/2020 (3.2% of the non-EU school population in Italy as a whole).
As to transfers (remittances) made by the Pakistanis in Italy to their country of origin, over 408 million euros were sent to
Pakistan in 2019 (approx. 8% of the total remittances sent to non-EU countries). Pakistan ranks third in terms
of remittances sent from Italy, after Bangladesh and the Philippines. Compared to 2018, there was a 15.2%
increase in remittances sent to Pakistan.
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MILAN:
The Pakistani diaspora in Italy of around 150,000 people is the largest in continental Europe. Most Pakistanis living in Italy are first-generation immigrants with limited education and are stuck working menial jobs picking fruit and vegetables, managing livestock, and working in factories.
But a new generation of Pakistani is coming of age, and they are set to have a different experience from their parents. Many of them were born in Italy or arrived as children; They have high school diplomas and university degrees and are working to build a life for themselves in Italy, which comes with a unique set of challenges.
Pakistani youth that have grown up in Italy are often sandwiched between two worlds, which can become a major source of friction. Social norms and religious values among young people in the Pakistani diaspora differ from their parents and grandparents, resulting in inter-generational conflicts. Young women bear the brunt of the trauma from these familial clashes as they become the victims of violence and murder in the most extreme circumstances for their behaviour.
In addition to family conflict, young Pakistanis must deal with barriers from the bureaucratic machinery of the Italian Government. As they reach adulthood, they need to get a tax code and a health card, and they need to register with the local municipality. When they start working, they need to negotiate with employers about terms and conditions of employment, decide if they want to be a full-time employee or a service provider, and start filing tax returns.
For people from Italy navigating these processes in their native language, transitioning into working life is relatively straightforward; They have friends and family members to guide them and a network of trade unions to provide them with services. But for young Pakistanis, these steps can be daunting and mistakes costly if they result in sanctions and fines.
https://tribune.com.pk/story/2350726/pakistanis-in-italy-searching-for-belonging-on-foreign-shores
PAKISTANI NATIONALS IN EUROPE 2021
– A MULTIPLE SOURCE SNAPSHOT
https://dtm.iom.int/sites/g/files/tmzbdl1461/files/reports/PAK_2021_Migrant%20Presence_Europe.pdf
According to the 2020 International Migrant Stock compiled by UNDESA4, a total of 952,993 Pakistani nationals resided in Europe in 2020. Fifty-eight per cent of them were male and forty-two percent were female.
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NUMBER OF PAKISTANI MALES AND FEMALES IN EUROPE, UNDESA - 2020
European Countries Total Migrants Male Female
Denmark 14,318 7,503 6,815
Estonia 261 195 66
Finland 3,134 2,090 1,044
Iceland 94 69 25
Ireland 10,570 6,667 3,903
Latvia 228 204 24
Lithuania 7 3 4
Norway 21,140 10,853 10,287
Sweden 16,597 9,891 6,706
United Kingdom 537,047 282,645 254,402
Greece 8,823 4,435 4,388
Italy 124,800 89,557 35,243
Malta 549 300 249
Portugal 2,217 1,469 748
Slovenia 42 31 11
Spain 63,819 41,074 22,745
Austria 6,097 4,076 2,021
Belgium 13,246 8,143 5,103
France 27,203 16,341 10,862
Germany 79,227 53,993 25,234
Liechtenstein 7 5 2
Luxembourg 279 169 110
Switzerland 5,381 3,304 2,077
The Netherlands 14,104 8,030 6,074
Bulgaria 290 182 108
Hungary 1,055 780 275
Poland 278 257 21
Romania 625 438 187
Russia 726 579 147
Slovakia 122 110 12
The Czech Republic 662 501 161
After UK, Italy hosts biggest Indian diaspora in Europe
https://economictimes.indiatimes.com/news/politics-and-nation/after-uk-italy-hosts-biggest-indian-diaspora-in-europe/articleshow/74764808.cms
While the entire global media attention is on China’s inroads in Italy, it is a lesser known fact that around 200,000 Indians, including students resided in Italy at the time of the virus outbreak. From better working and living conditions to higher education opportunities, Italy has attracted many Indians over the past 20 years. The small and medium scale industries in Italy have also attracted Indian entrepreneurs. As a tourist destination with smooth and direct connectivity, Italy has attracted a lot of Indians.
In his book ‘India Moving: A History of Migration’, Chinmay Tumbe, an IIM-Ahmedabad faculty member and author says: “The total number of Indians in Italy has now crossed 200,000, making it the largest Indian diaspora in Continental Europe and far greater than the 30,000 estimated in Spain. This Indian contingent is mainly made up of Punjabi Jat Sikhs. These people toil away in the dairy and agricultural sectors of northern Italy. They are now known as “cow--milkers” or bergamini, in Italian…Apart from Punjabis, Roman Catholic Keralites can also be found working in the domestic service sector in and around Rome.” Official figures from both sides put the figure of the Indian community, including the diaspora, at around 180,000. In northern and central Italy, Indians are spread across the large cities of Rome, Florence, Milan, Turin, Bologna and Parma and are engaged in running small factories and small businesses. Ranjit Singh Singh, who went to Italy from Punjab in 1993, now runs an auto parts factory in the north Italian city of Cremona and employs 30 workers –– all of whom are from India.
Why #Indians don't want to be Indian #citizens anymore? More than 1.6 million Indians have renounced their Indian citizenship since 2011, including a whopping 225,620 in 2022 alone, averaging around 618 per day. #Modi #BJP #Hindutva
#chaos #anarchy
https://economictimes.indiatimes.com/nri/migrate/why-indians-dont-want-to-be-indian-citizens-anymore/articleshow/101418122.cms
"The principal reason why people migrate is economic well being. Everyone wants a better life and their hope is that they would find it in another country," Amit Dasgupta, former Consul-General of India in Sydney, told IANS.
"In sociology, this is referred to as 'the push factor'. You are pushed out to a place which offers better prospects," Dasgupta said.Many Indian students who go for higher studies abroad also end up settling there as these countries provide them better jobs with attractive pay scales.According to the latest Education Ministry data, more than 770,000 Indian students went abroad to study in 2022 -- a six-year high.
Also, many Indian students find it tough to find jobs after returning home, which is why they apply for permanent residency in their country of study.
More than 90 per cent of the students do not wish to come back to India, say estimates.When it comes to India's rich, they want to swim in foreign waters to diversify their fortune, set up alternative residencies, conduct business and pursue a better quality of life even though India continues to be an attractive environment for business activity and corporate growth.
A 2020 Global Wealth Migration Review report said that among many reasons why people make the decision to migrate to other countries is safety of women and children, lifestyle factors like climate and pollution, financial concerns including taxes, better healthcare for families and educational opportunities for children, and to escape oppressive governments.A low passport score of a country can also make individuals emigrate.
A higher passport index ranking ensures one gets better access to travel visa-free to many countries.The Indian passport registered the largest global fall in the Passport Index 2023 -- ranking at 144th position this year with a mobility score of 70.
This means Indians can travel to 21 countries visa-free, and need a visa for 128 countries.In contrast, a Greece or Portugal residency card provides Indians visa-free travel across all Schengen countries.
Everyone Knew the Migrant Ship Was Doomed. No One Helped. - The New York Times
https://www.nytimes.com/2023/07/01/world/europe/greece-migrant-ship.html
Greek authorities claim the doomed migrant ship "was sailing to Italy, and that the migrants did not want to be rescued. But satellite imagery and tracking data" show it "was drifting in a loop for its last 6-1/2 half hours" as passengers called for help.
Satellite imagery, sealed court documents and interviews with survivors suggest that hundreds of deaths were preventable.
Collectively paying as much as $3.5 million to be smuggled to Italy, migrants crammed into the Adriana in what survivors recalled was a hellish class system: Pakistanis at the bottom; women and children in the middle; and Syrians, Palestinians and Egyptians at the top.
An extra $50 or so could earn someone a spot on the deck. For some, that turned out to be the difference between life and death.
Many of the passengers, at least 350, came from Pakistan, the Pakistani government said. Most were in the lower decks and the ship’s hold. Of them, 12 survived.
The women and young children went down with the ship.
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Haseeb ur-Rehman, 20, a motorcycle mechanic from the Pakistan-administrated Kashmir, felt he had to leave home to help his family survive. Together with three friends, he paid $8,000 and left for Libya.
He was one of the few Pakistanis who managed to snatch a spot on deck.
The journey, if all went well, would take three days.
As early as the second day, survivors recalled, the engine started breaking down.
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Unrest spread as it became clear that the captain, who was spending most of his time on a satellite phone, had lost his way.
When Pakistanis pushed toward the upper deck, Egyptian men working with the captain beat them, often with a belt, according to testimony. Those men, some of whom are among the nine arrested in Greece, emerged as enforcers of discipline.
Ahmed Ezzat, 26, from the Nile Delta, was among them. He is accused of smuggling people and causing the shipwreck. In an interview, his brother, Islam Ezzat, said that Ahmed disappeared from their village in mid-May and re-emerged in Libya weeks later. He said a smuggler had sent someone to the family home to collect 140,000 Egyptian pounds, or $4,500, the standard fee for a spot on the Adriana.
Islam said he did not believe Ahmed had been involved in the smuggling because he had paid the fee. He said the family was cooperating with the Egyptian authorities. Ahmed, like the others who have been charged, has pleaded not guilty.
Migrant workers in Asia approach pre-pandemic levels
Remittances to home countries in Asia-Pacific region hit record high in 2022
https://asia.nikkei.com/Spotlight/Work/Migrant-workers-in-Asia-approach-pre-pandemic-levels
In 2022, Saudi Arabia accepted a record 1.5 million workers from Asian countries and regions, according to the ADBI. This included more than 600,000 and 500,000 from Bangladesh and Pakistan, respectively. The UAE and Oman also accepted many workers from the two countries.
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For emerging and developing countries, remittances from migrant workers are now valuable sources of foreign currency apart from foreign direct investment and official development assistance. The remittances shore up personal consumption and capital spending.
India received the largest amount of remittances, followed by China and the Philippines. Tonga and Samoa in the South Pacific and Kyrgyz and Tajikistan in Central Asia received remittances equal to more than 30% of each country's gross domestic product. As Central Asian diaspora often work in Russia, they may continue to be affected by developments in the war between Russia and Ukraine.
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Bangladesh surpassed the Philippines as Asia's biggest supply of migrant workers in 2022 at 1.13 million. The number of laborers from the Philippines exceeded 1.6 million in 2016 and 2019 but declined in 2020. Despite a recovery to 820,000 in 2022, the Philippines fell behind Bangladesh.
Of Asian migrant workers who went to the U.S. and Europe, Indians outnumber others. U.S. work visas -- such as the H1B issued to IT workers and other professionals -- were obtained by 200,000 Indians in 2022, up 34% from 2019. In contrast, there were only 8,000 Chinese workers who headed to the U.S., reflecting U.S.-China tensions.
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TOKYO/MANILA -- Cross-border traffic of migrant workers in Asia is on the rise as the effect of the pandemic fades. In 2022, the number of new migrant workers totaled 4.6 million, close to the figure before the COVID-19 outbreak, after countries eased or eliminated restrictions imposed to stop the spread of infections.
While Bangladesh became the biggest origin of migrant laborers, remittances by overseas workers in general hit an all-time high, helping the economies of home countries.
In late June, the Philippines' Department of Migrant Workers (DMW) in Manila was crowded with people looking for jobs overseas. "I easily found a high-paying job," said Juviline Llenado, who will work as a domestic helper in Saudi Arabia. To support her family, she plans to leave for the oil-rich kingdom in July.
Merchant sailors, who are treated as migrant workers in the Philippines, are also swelling the ranks. There were around 500,000 Filipino merchant sailors in 2019 but this number plunged during the COVID crisis. However, in the first three months of this year, the number stood at around 150,000. Susan Ople, secretary of the DMW, said, "You can see that the road to recovery is very clear".
There were 4.6 million new migrant workers in Asia in 2022, marking a sharp rebound from 1.8 million in 2020 and 2.2 million in 2021, according to the Asian Development Bank Institute (ADBI), the Organization for Economic Cooperation and Development and the International Labor Organization. With China having ended its zero-COVID policy, the number is forecast to continue growing this year and could hit the pre-pandemic level of 5 million workers.
Demand for foreign workers has rebounded sharply because of the global economic recovery spurred by the easing of border controls. In particular, oil-producing countries in the Middle East, such as Saudi Arabia and the United Arab Emirates, are accepting large numbers of workers from Bangladesh and other South Asian countries.
39,748 Schengen visas issued to Pakistanis going to European Union countries in 2022
https://statistics.schengenvisainfo.com/
About 11,000 visas to Germany
About 7,000 visas to Spain
About 5,800 to Italy
About 5,300 to France
About 2,900 to The Netherlands
About 1500 to Sweden
About 1,300 to Switzerland
About 1,100 to Denmark
About 1,045 to Belgium
Pakistani Nationals on the Move to Europe: New Pressures, Risks, Opportunities
https://mixedmigration.org/pakistani-nationals-on-the-move-to-europe/
Are more people leaving Pakistan for Europe?
While it is not possible to extrapolate numbers from a single incident, even one of the most deadly disasters in the Mediterranean for many years, the broader data available on mixed migration to Europe confirms that movement from Pakistan has significantly increased in 2023. While Pakistan did not even feature in IOM’s ranking of the top ten countries of origin among arrivals in Europe in 2022, Pakistan was the fifth most represented country in the first half of 2023, with 5,342 arrivals. However, in Greece, there has been no significant recorded increase of Pakistani nationals between 2022 and 2023. Instead, there has been a sharp uptick in the number of Pakistani arrivals registered in Italy: while in 2022 Pakistani nationals comprised just 3 per cent of the total number of arrivals in Italy, according to UNHCR, so far in 2023 this proportion has risen to around 10 per cent.
Why are they choosing to leave?
Though the absolute numbers of Pakistani refugees, migrants and asylum seekers entering Europe are still relatively modest, if looked at long-term, it is important to understand what may have caused this recent spike. Previous research by MMC, drawing on interviews with Pakistani arrivals in Italy between November 2019 and September 2021, identified a variety of intersecting factors that drove the need to migrate, with many (48%) citing multiple reasons for doing so, the most common being violence, insecurity and conflict (54%), lack of rights and freedom (36%) and economic reasons (33%). Given the deteriorating economic situation, high unemployment and runaway inflation, these factors are likely to have evolved, with desperation and lack of opportunity driving more to migrate. The devastation and displacement brought on by last year’s catastrophic flooding have only made matters worse.
Which routes are they taking?
Until recently, according to MMC’s research, the majority of Pakistani refugees, migrants and asylum seekers were travelling through Iran and Turkey before entering Europe through the Eastern Mediterranean route and the Western Balkans before moving on to Italy. Others travelled the less common sea route from Turkey to Italy. For most of those interviewed the journey was arduous and protracted, usually involving more than one means of transportation (89%) and in almost three-quarters of cases (72%) taking more than a year to reach Italy.
Over the last year, however, there has been a decided shift towards the Central Mediterranean route, prompted by a number of developments elsewhere. Crossings from Türkiye into Europe have fallen sharply as Greece has stepped up sea patrols and built a border fence along the Evros. These developments have been accompanied by violent pushbacks and systematic human rights abuses against refugees and migrants, including illegal detention, physical assault, theft and humiliation. On multiple occasions, this brutal treatment has proven fatal: in February 2022, for instance, the bodies of 12 people who had been pushed back from Greece were found on the Turkish border, frozen to death after being stripped of their clothes and shoes.
This strategy of deterrence, aiming at discouraging people by all possible means from entering the EU, is now being replicated in the Western Balkans. 2022 saw the highest number of arrivals in the Western Balkans since the so-called ‘migration crisis’ of 2015/16, with 144,118 attempts to cross borders between the EU and Western Balkans recorded during the year. However, at the same time countries in the region (frequently in response to pressure from the EU) began to put in place more restrictive migration policies to curb transit.
Italian Navy aircraft carrier makes first visit to Pakistan - Pakistan - DAWN.COM
The Italian Navy Carrier Strike Group, composed of the aircraft carrier Cavour and the frigate Alpino, arrived in Karachi on Monday and will be anchored there until Wednesday.
https://www.dawn.com/news/1865309
“The presence of the Italian Carrier Strike Group in the Indo-Pacific region testifies to Italy’s commitment to deepening cooperation with valued partner countries such as Pakistan, ensuring the security of international maritime routes.”
“Italy considers Pakistan a strategic partner for the security of the region. Defence plays a key role in our bilateral relations. Our country has been a loyal participant in the Aman Exercises, and our defence industries have always been present at the IDEAS fairs.”
“This year, I will join them, along with a delegation from our Ministry of Defence, for the next edition of IDEAS coming up in November,” she said.
“And it doesn’t end there. In December, our iconic sailing ship, the Amerigo Vespucci, will also dock here in Karachi,” she added.
“We have a large Pakistani community in Italy. Trade between our two countries currently amounts to two billion dollars, but there is potential for improvement. Data shows it could even increase to five billion dollars,” she said.
Rear Admiral Stefano Barbieri of the Italian Navy spoke on the occasion, stating that the first operational campaign of the Italian Carrier Strike Group in the Indo-Pacific region is a strategic initiative of Italian Defence to promote defence capabilities in the area.
“The dynamics of defence in the Indo-Pacific region can affect free trade of goods and services, as well as overall trade relations with the Mediterranean Sea,” he said.
“The deployment of the Carrier Strike Group in the Indo-Pacific region allows Italian Defence to strengthen and consolidate strategic protection with viable capabilities well beyond the usual area of operations. Controlling the sea and keeping maritime lines and communication open is crucial,” he stressed.
The Commanding Officer of the Carrier Strike Group, Rear Admiral Giancarlo Ciappina, said he was glad to be working with Italy’s allies. “Our presence here sends a strong message of cohesion with our allies and like-minded partners,” he said.
Germany is Launching Opportunity Card for Foreigners Looking for Jobs
https://propakistani.pk/2024/04/22/germany-is-launching-opportunity-card-for-foreigners-looking-for-jobs/
Germany is set to introduce the Opportunity Card in June 2024, a new program aimed at facilitating employment for qualified non-EU citizens in the country. This initiative is designed to streamline the process for skilled job seekers, enhancing their ability to explore job opportunities and engage in flexible work arrangements.
The Opportunity Card represents a significant shift in Germany’s approach to immigration for skilled workers. It simplifies the existing qualification requirements, allowing individuals to enter the job market more efficiently. The card enables holders to look for jobs, participate in work trials, and if necessary, extend their stay in Germany.
The new system reduces the complexities often encountered in the bureaucratic process. Here are the key aspects of the qualification process for the Opportunity Card:
Qualification Recognition:
The card is accessible to individuals whose skills and qualifications are recognized in Germany, eliminating the need for additional special requirements.
Educational Criteria:
Eligible applicants include those with a foreign university degree, a vocational qualification of at least two years recognized by their home country, or a vocational qualification issued by a German Chamber of Commerce Abroad.
Language Proficiency:
Applicants must demonstrate language proficiency, requiring at least an A1 CEFR level in German or a B2 CEFR level in English.
Point-Based Evaluation System
The Opportunity Card uses a point-based system to assess eligibility. Points are allocated based on various factors such as the recognition of qualifications, language skills, professional experience, age, connections to Germany, and the potential involvement of partners or spouses. Applicants need to achieve a minimum of six points to be eligible.
Advantages of Holding the Opportunity Card
The Opportunity Card offers numerous benefits that facilitate a smoother transition into the German job market:
Ease of Job Search: The card allows holders to bypass lengthy recognition processes, enabling them to immediately start looking for employment.
Flexible Work Arrangements: Holders are permitted to undertake work trials and can engage in secondary employment for up to 20 hours per week.
Extension Possibility: In cases where holders are offered eligible employment but cannot secure another resident title, the card can be extended for up to an additional two years.
Germany’s Intentions
The Opportunity Card is a strategic initiative by the German government to attract skilled workers and simplify their entry into one of Europe’s leading economies. It provides a streamlined pathway for engaging with the job market without the necessity of a pre-arranged job contract, thereby offering job seekers valuable time to find suitable employment.
Remittances (to Pakistan) expected to surpass $35bn in FY25: analysts
https://www.thenews.com.pk/print/1278605-remittances-expected-to-surpass-35bn-in-fy25-analysts
KARACHI: Pakistan’s remittances are projected to exceed the central bank’s forecast of $35 billion for the fiscal year 2025, thanks to the country’s efforts to curb illegal foreign exchange trade, increasing citizens working abroad, and economic stability bolstered by the International Monetary Fund (IMF) bailout, according to analysts.
In a recent report, an analyst at Topline Securities estimates that remittances will reach $37 billion this fiscal year. He expects the country’s current account balance to breakeven, resulting in a surplus of 0.5 per cent of its gross domestic product (GDP) -- equivalent to approximately $0-2 billion -- primarily driven by higher-than-expected remittance inflows.
During the July-December period of FY25, remittances increased to $17.8 billion, representing a 33 per cent rise compared to the same period last year. The State Bank of Pakistan (SBP) projects total remittance inflows of $35 billion for this fiscal year, up from $30.3 billion in FY24.
Remittances play a vital role in supporting the country’s external account and foreign exchange reserves. Currently, the SBP’s forex reserves amount to $11.37 billion, sufficient to cover over two months’ worth of imports.
According to the SBP’s monetary policy statement, while the import bill has exceeded export earnings, remittance inflows have more than compensated for the widening trade deficit. Given these trends, particularly the strong remittance growth, the outlook for the current account balance has significantly improved. It is now expected to remain within a surplus or deficit of 0.5 per cent of GDP in FY25.
Saad Hanif, head of research at Ismail Iqbal Securities, anticipates that remittances will rise to between $34.8 billion and $35.5 billion in FY25. He noted that the increase in remittances can be attributed to several factors, including the growing number of people travelling abroad for work, the ease of using Roshan Digital Accounts (RDA), improved policy stability under the IMF programme, and a crackdown on illegal transfer channels such as ‘hundi’ and ‘hawala’. In the last two years, over 1.5 million Pakistanis have gone abroad for work, which has boosted remittance inflows. The ease and speed of banking services, particularly with the growth of RDAs and fintech, are encouraging the use of legal channels for remittances.
Tresmark, a financial terminal, stated in a note that surging remittances could be transformative for Pakistan’s economic viability, but certain misconceptions need to be addressed.
One common myth is that everyone in Pakistan is emigrating. However, data shows that emigration patterns from Pakistan align with trends observed in the region, including India and Bangladesh.
Another misconception is that Pakistan is experiencing greater remittance growth than other countries. The report clarifies that, over the past five years, remittance performance in Pakistan has been comparable to that of India and Bangladesh, although the trajectories have differed slightly.
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