According to the most recent data from the State Bank of Pakistan (SBP), employee transfers rose by a whopping 50.7 percent in June 2020 to a record high of $ 2.466 billion compared to $ 1.636 billion in June 2019.
More than 36,000 Pakistanis had lost their jobs in the Gulf region this year due to the economic downturn caused by the corona virus pandemic, said Sayed Zulfikar Abbas Bukhari, special assistant to the Prime Minister of Pakistan’s Overseas and Human Resources Development.
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Despite the increase in thousands of jobs, SAPM believed that the number was small compared to the overall impact of Covid-19 on the region’s economies. “The number of Pakistanis who have lost their jobs is not large given the millions of people in the UAE,” he quoted the Khaleej Times.
According to Bukhari, the UAE authorities have assured that Pakistan will be one of the cheap countries in the post-pandemic economy. “The government wants more skilled workers to be sent abroad,” he said, adding that about 30 percent of Pakistani skilled workers have recently found jobs.
Pakistani expats play an important role in the country’s economy, generating urgent dollars in the form of staff transfers.
As for the country, workers’ remittances are from Saudi Arabia ($ 619.4 million), the United States ($ 452.0 million), the United Arab Emirates ($ 431.7 million), and the United Kingdom ( 401) Millions of USD) in June 2020 an increase of 42%, 7.1%, 33.5% and 40.8% PC compared to May 2020.
