Pakistan's Remittance-Driven Stagnation

How Pakistan’s Diaspora Wealth Funds Consumption but Blocks Progress

Pakistan stands at a critical juncture. A damning International Monetary Fund (IMF) governance report has exposed what many analysts have long suspected: the country’s economy operates in parallel worlds, one formal, the other hidden, and a massive river of remittances that could be the nation’s lifeline has instead become an opiate keeping a dysfunctio…