India top 3rd country to send remittances to Pakistan

[Shinigami]

While India and Pakistan share a history of rivalry over the last six decades, in the 21st century the economic ties between both neighbors seem to be improving, as India has become the top third country to send millions of dollars to Pakistan as remittances during 2014, according to World Bank report.

A recently released datasheet suggests that India sent $2,061 million to Pakistan in the last year whereas Saudi Arabia is at the top of the list by sending $4,489 million. Pakistan received $4,151 million from United Arab Emirates as well during the year 2014.

India on the other hand got $4,697 million from Pakistan in the same year as remittances which ranked its longtime contender as 5th top country at the list. India received most of the revenue from United Arab Emirates ($12,638 million). Saudi Arabia and Kuwait also sent $11,177 million and $10,836 million to India respectively.

World Bank claimed that during 2014 year overall remittances of $583,430 million were sent different countries of the world.

United States was ranked was said to be the world’s top country that sent most of the money to other countries ($130,851 million) in the year. Saudi Arabia ($44,51 million) is listed second in the list whereas United Arab Emirates (29,253 million), United Kingdom ($25,115 million) and Germany (23,788 million) follow the kingdom.

Mexico, Canada, United Kingdom, Puerto Rico and Germany are among the top countries to send revenue to United States, according to the report, Russian Federation received most of the money from war-torn Ukraine astonishingly which raised to $2,219 million in 2014.

India top 3rd country to send remittances to Pakistan - Daily Pakistan Global

 

[Shinigami]

i am assuming this has to do with trade imbalance?

 

[Super Falcon]

Terror financing

India who dont want to play cricket now sending money only one cause finance terror which mr security advisor officially accepted of india no prrof needed to tell u why this money sent for

 

[nair]

There is another thread on Indian remittance, do read that too

Terror financing

India who dont want to play cricket now sending money only one cause finance terror which mr security advisor officially accepted of india no prrof needed to tell u why this money sent for

 

[illusion8]

Terror financing

India who dont want to play cricket now sending money only one cause finance terror which mr security advisor officially accepted of india no prrof needed to tell u why this money sent for

Drugs payment - Pakistan is a major narcotics supply hub.

 

[Xzok0]

clearly considering ur RAW love for us u guys should be number 1 what happened to ur economic muscle

 

[Abba_Dabba_Jabba]

Just a funny observation...

The approximately 4.6 billion USD that Pakistan sends to India is attributed (by some, in other threads on this topic) to RAW agents sending money back to Govt of India from their operational profit. And the 2 billion USD that India sends to Pakistan is attributed to RAW sending money to it agents to further Indian interests in that country.

So RAW invests 2 billion USD in Pakistan, and gets back 4.6 billion USD in return. Kotak Mahindra and SBI Mutual Fund should learn from RAW's rate of return. I used to get only about 12% returns from them. I need to invest money in RAW...

I always knew RAW is Intelligence cum Financial agency . They are kicking some pichwadas in Pakistan

 

[Bindovi]

Terror financing

India who dont want to play cricket now sending money only one cause finance terror which mr security advisor officially accepted of india no prrof needed to tell u why this money sent for

What you give is what you get...receive with both hands.....

 

[Zek]

Israeli organizations were also involved in providing aid to Pakistan after the November 2005 earthquake in Kashmir. An Israeli NGO, Israeli Flying Aid (IFA) sent a mission to the region and provided thousands of families basic dry food products, blankets, coats, socks, personal clay heating kits and iron sheets to shield temporary shelters from heavy snow.
Israel also provide agriculture help to Pakistan in the past

 

[Edevelop]

Remittances are not good. Other than the fact that it can fund Terrorism, people use it as a leverage to make excuses like unemployment Even the genuine Pakistanis who send money from abroad are really spoiling the people. If the so called $15 Billion + is sent annually, they are not there to be used for building schools, hospitals, infrastructure projects, or any other sort of future generation investment but to provide personal material gains such as building larger homes, and buying cell phones, tvs, and automobiles.

 

[asad71]

Just a funny observation...

The approximately 4.6 billion USD that Pakistan sends to India is attributed (by some, in other threads on this topic) to RAW agents sending money back to Govt of India from their operational profit. And the 2 billion USD that India sends to Pakistan is attributed to RAW sending money to it agents to further Indian interests in that country.

So RAW invests 2 billion USD in Pakistan, and gets back 4.6 billion USD in return. Kotak Mahindra and SBI Mutual Fund should learn from RAW's rate of return. I used to get only about 12% returns from them. I need to invest money in RAW...

Mlln, not Blln.

 

[American Pakistani]

Money from India to BLA and ttp.

 

[Super Falcon]

What you give is what you get...receive with both hands.....

Ok e will send money for blast do accept