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Promoting dialogue on development in South Asia

 

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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

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