In Pakistan most of the foreign exchange earning comes from one among the following. Choose the correct option.
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → Remittances by the workers in the middle east
In Pakistan, most foreign exchange earnings came from remittances from Pakistani workers in the Middle-east. Exports of farm products, whose earnings rise and fall a lot, were the other main source. Remittances are the money that people working abroad send home to their families.
From the late 1970s, more and more Pakistanis went to work in the Middle-east. Their remittances helped growth, but the country came to depend too much on remittances and foreign aid.
NCERT (2026-27): “Pakistan: …Pakistan then shifted its policy orientation in the late 1970s and 1980s when the major thrust areas were denationalisation and encouragement of private sector. During this period, Pakistan also received financial support from western nations and remittances from continuously increasing outflow of emigrants to the Middle-east. This helped the country in stimulating economic growth.… 8.6 Development Strategies — An Appraisal …If a country is able to build up its foreign exchange earnings by sustainable export of manufactured goods, it need not worry. In Pakistan most foreign exchange earnings came from remittances from Pakistani workers in the Middle-east and the exports of highly volatile agricultural products; there was also growing dependence on foreign loans on the one hand and increasing difficulty in paying back the loans on the other.…” |