[ALOCHONA] Why Remittances so low compared to Pakistan?

I'm sorry. Remitances have reached almost $ 6 billion but still at least 2 billion behind Pakistan's legal and illegal Remittances not coming thru banks. About 39,000 Pakis leave the country every year. I have no idea, how many leave from Bangladesh. Pakistan receives 29% of Remittances from USA.

 

Thanks for agreeing about English Education. Special Classes of other languages would also be helpful. Immigration to Canada is the easiest and it becomes 15% easier if you know French. French is also spoken in Belgium, Switzerland, in some countries of West Indies, Africa etc besides France.

 

Greece is most liberal in Europe, granting Immigration and its not hard for a Bangla to learn Greek Accent just like Spanish, Portuguese or Italian. .

Shafqat Anwar <anwarshafqat@hotmail.com> wrote:

Not sure about the comment that the expat remittances from Bangladeshis never reached USD 1 Billion mark ! .

The remittance sent by the expatriate Bangladeshis was USD 6 Billion in 2006-2007 (July 2006 to June 2007). From the positive trend of growth, the remittance is expected to reach minimum USD 7.5 Billion in 2007-2008 fiscal year. According to available published sources, Pakistan will receive circa USD 6.25 Billion from expat remittances during 2007-2008.

I however fully agree with the Alochok's comments that we must equip our work force with the English language and IT skills. The lack of proficency in English has enormously cost our nation, at home and abroad, for the past 36 years. India has a significant edge over us in this respect along with its strong technical and management education base. The standard of IIT and IIM are world class - so is the standard of several other educational institutions in India. This skilled/educated/enlightened workforce is the reason for the success of India - domestically and internationally. As an expat for the past 20 years, I have seen how much in demand the Indian workforce is in comparison to the Bangladeshis or Pakistanis in almost all countries where foreign workforce is required. Even the Filipinos and Sri Lankans are way ahead of us as they produce and send more skilled people overseas. Our policy makers in Bangladesh must assign extreme high priority to ensure that our foreign work force transforms from the current level of unskilled or semi skilled to more skilled professionals in order to take advantage of the growing need of well-equipped workforce in the Americas, Europe and even the Middle East. The important thing will be to improve the general standard of education apart from English and IT vocational trainings. I know it is very easy to say but difficult to implement. However, in my view this is our top most priority if we want to succeed as an economically successful nation as Bangladesh, being a country with limited land and ever growing population, can only be successful if she improves its export potentials, this includes manpower along with the other traditional exports (readymade garments, frozen foods, leather etc).

Regards,
Shafqat Anwar


________________________________
> To: mukto-mona@yahoogroups.com
> CC: alochona@yahoogroups.com
> From: turkman@sbcglobal.net
> Date: Thu, 6 Mar 2008 18:49:51 -0800
> Subject: [ALOCHONA] Why Remittances so low compared to Pakistan?
>
>
> This proves, Bangladesh should start education in English from 1st Grade so more of them can emigrate to much more advanced countries than in Middle East working as just under-paid labor slaves.
>
> Even in Russia Wages are a lot higher than Middle East for ordinary labor. Even illiterate Pakis try to enter rich Western Countries legally of illegally first and after failing or not having enough money for Airline Tickets or Sea Trawlers of Smugglers, or not being able to afford to have a fake Visa to those countries try for Middle Eastern countries.
>
> Some years ago, USA was letting everybody in even, when he had a fake Visa. I do non't think the same policy is still being practiced after 9/11 incident. I guess, nobody told this to Bangladeshis. Only one out of 50 entering USA-Mexican borders get caught. More than 600 Pakistanis were caught just in year 2006, meaning 590 x 50 = 29,500 got away.
>
> Do people of Bangladesh know, yearly Per Capita Income in Canada ($ 44,000), USA ($ 46,000 or 12th highest in the world behind Luxemburg, Norway, Ireland, Iceland, Switzerland, Denmark, Sweden, Holland, UK and Finland) and other European Countries compared to Middle East?
>
> Banning English has made Bangladesh become way behind even just one of the city of Pakistan, Karachi because that city has more Foreign-company-paid IT jobs than whole Bangladesh. India has become the biggest Beneficiary receiving about 2 million jobs of Americans in IT Sector paying Rs. 15,000 a month or above.
>
> The Money Bangladeshis sending thru remittances have never reached $ 1 billion mark, when Pakistan is reaching $ 5 billion mark now.
> When is Bangladesh going to wake up to the facts of life?
> If anybody interested in learning more tricks or trade in this business. I'm available to let you and Govt of Bangladesh learn more about this. Why has not Bangladesh Govt tried to consult with people like me on the subject for last 36 years is the question.
>
> Shamim Huq wrote:
> Bangladesh expat remittances up 35 pct in February
> [http://sg.yimg.com/i/sg/providers/reuters.gif?x=137&y=30&sig=MgRF1S.qUHPJ9yL4fOx2GQ--]
> Reuters - Friday, March 7
> DHAKA, March 6 - Bangladesh received $676.06 million in remittances from expatriate workers in February, up 35 percent from a year ago but down from a record high of $710.74 million in January, the central bank said on Thursday.
> ADVERTISEMENT
>
> In July-February, the first eight months of the 2007/08 financial year, remittances from more than 5 million Bangladeshis working abroad totalled $4.83 billion, 26 percent higher than the same period of 2006/07.
>
> Booming economies in the Middle East and the Gulf region, as well as an ageing population in European countries and rising skills of Bangladeshi workers were driving demand for Bangladeshi labour, officials have said.
>
> Remittances hit a record $5.98 billion in the 2006/07 financial year that ended in June, 24.52 percent higher than the previous fiscal year.
>
> The central bank expects the inflow of remittance to touch an annual $10 billion over the next two years, boosting a key source of foreign exchange for the impoverished majority-Muslim country.
>
> It has been making vigorous efforts to encourage expatriates to send money home through legal channels, officials said.
> The majority of the expats work in the Middle East, the United States, Britain, Germany, Italy, Japan and Singapore.
>
> Remittances from Bangladeshis are the country's second biggest source of foreign income after ready-made garments, which earned more than $9 billion in the 2006/07 fiscal year.
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