Remittance Quotes

“Fifty years and several other threats and aid suspensions later, Pakistan continues to nurture a sentimental opposition to aid, while seeking foreign assistance remains an integral part of the economic strategy pursued by successive governments, both military and civilian. There are reasons Pakistan’s economic managers have not given up on external aid despite rising remittances. Although remittances enhance the country’s foreign exchange reserves, they are spent by millions of individuals and do not enhance the government’s treasury. Only aid provides budget support in hard currency and can be used for buying military equipment that Pakistan constantly needs.”
― Husain Haqqani, Reimagining Pakistan: Transforming a Dysfunctional Nuclear State