A blog to promote dialog on development in South Asia
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This blog is maintained by the South Asia Region of the World Bank Group. Its goal is to exchange ideas on how to end poverty in Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka.
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Hi, Thanks Mr. Zahid for a
Hi,
Thanks Mr. Zahid for a good article. It was very informative. But I am also little bit confused over the relationship between oil prices & remittances.
Why they are directly proportional to each other ? Does increase in oil prices indicate more economic activity in US, West and Middle East which in turn create more demand for migrants ?
Howver you analysis shows 11 million USD Net loss in dollars reserves due to increase in oil prices which contradicts the relationship between the two entitities.
Thanks
SAAQ
Karachi, Pakistan