Beside trade, investment and cultural ties, India enjoys a very special kind of relation with the strongest economy of the Beside trade, investment and cultural ties, India enjoys a very special kind of relation with the strongest economy of the Gulf region.
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Please note that corrections may take a couple of weeks to filter through the various RePEc services. More services and features.For countries like Pakistan, the remittance are very important for the country's economy as a whole.
According to Nishat and Bilgrami (), worker's remittance has a strong positive impact on consumption, GNP, investment and imports. The increase of one million rupees in remittances has increased GNP in Pakistan worth million rupees.
pillar of the national economy apart from protecting their families against the social and economic in Pakistan received huge remittances from abroad. However, he also referred to the negative impacts of study focuses on identifying the role of remittances in socio-economic protection of the families left behind.
The role of banks in economic development is to remove the deficiency of capital by stimulating savings and investment.
A sound banking system mobilizes the small and scattered savings of the community, and makes them available for investment in productive enterprises. "Blessing or curse: The stabilizing role of remittances, foreign aid and FDI to Pakistan," Center for European, Governance and Economic Development Research Discussion Papers , University of Goettingen, Department of Economics.
Role of remittance for economic development of Pakistan can never be ignored as it provide employment opportunity, poverty reduction, improve standard of living, prevent from the crises of balance of payment, increase foreign exchange reserve, less volatility on exchange rate and improved credit rating of country.
ECONOMY HISTORY OF PAKISTAN First five decades When it gained independence in from UK. Pakistan's average economic growth rate since independence has been higher than the average growth rate of the world economy during the period.
Average annual real GDP growth rates were % in the s, % in the s, and % in the s.