Nearly 700,000 Pakistani Workers Have Migrated Overseas So Far in Year 2022

Nearly 700,000 Pakistanis have left to work overseas in the first 10 months of the current calendar year, according to Pakistan's Bureau of Emigration Overseas Employment (BEOE). The worker migration from Pakistan had dipped to 225,000 in 2020 and 280,000 in 2021 due to Covid restrictions around the world. The yearly average for the last decade was over half a million Pakistanis migrating to other countries for work.  In August this year, the State Bank of Pakistan said in its "Half Year Report 2021-22" that “(t)he monthly flow of Pakistani workers (overseas) has reverted to pre-Covid levels (of 65,000 per month).” The data from International Organization for Migration (IOM) shows that a lot more of the Pakistan migrants are now skilled labor while the share of unskilled migrants is declining: "Pakistani migrant workers were skilled (42%) and involved in semi-skilled jobs such as welders, secretaries, masons, carpenters, plumbers and so on. Another proportion of the labour migration was composed of unskilled laborers (39%) such as agriculturists, laborers or farmers. Projections about future trends indicate that the number of Pakistani labour migrants will continue rising to reach 15.5 million in 2020 (Government of Pakistan, 2018". Larger and increasingly higher skilled diaspora is expected to sustain double-digit annual growth in overseas worker remittances to Pakistan. 

Pakistani Workers Going Overseas. Source: Bureau of Emigration

 

Demographic Dividend: 

With rapidly aging populations and declining number of working age people in North America, Europe and East Asia, the demand for workers will increasingly be met by major labor exporting nations like Bangladesh, China, India, Mexico, Pakistan, Russia and Vietnam. Among these nations, Pakistan is the only major labor exporting country where the working age population is still rising faster than the birth rate. 

Over 10 million Pakistanis are currently working/living overseas, according to the Bureau of Emigration. Before the COVID19 pandemic hit in 2020,  more than 600,000 Pakistanis left the country to work overseas in 2019. Nearly 700,000 Pakistanis have already migrated in this calendar year as of October, 2022. The average yearly outflow of Pakistani workers to OECD countries (mainly UK and US) and the Middle East was over half a million in the last decade. 

Consumer Markets in 2030. Source: WEF

World's 7th Largest Consumer Market:

Pakistan's share of the working age population (15-64 years) is growing as the country's birth rate declines, a phenomenon called demographic dividend. With its rising population of this working age group, Pakistan is projected by the World Economic Forum to become the world's 7th largest consumer market by 2030. Nearly 60 million Pakistanis will join the consumer class (consumers spending more than $11 per day) to raise the country's consumer market rank from 15 to 7  by 2030. WEF forecasts the world's top 10 consumer markets of 2030 to be as follows: China, India, the United States, Indonesia, Russia, Brazil, Pakistan, Japan, Egypt and Mexico.  Global investors chasing bigger returns will almost certainly shift more of their attention and money to the biggest movers among the top 10 consumer markets, including Pakistan.  Already, the year 2021 has been a banner year for investments in Pakistani technology startups

Record Remittances From Overseas Pakistanis:
 
Pakistan is already seeing high levels of labor export and record remittances of over $30 billion pouring into the country. Saudi Arabia and the United Arab Emirates(UAE) are the top two sources of remittances but the biggest increase (58%) in remittances is seen this year from Pakistanis in the next two sources: the United Kingdom and the United States.
 
Remittances from the European Union (EU) to Pakistan soared 49.7% in FY 21 and 28.3% in FY22, according to the State Bank of Pakistan. With $2.5 billion remittances in the first 9 months (July-March) of the current fiscal year, the EU ($2.5 billion) has now surpassed North America ($2.2 billion) to become the third largest source of inflows to Pakistan after the Middle East and the United Kingdom. Remittances from the US have grown 21%, second fastest after the EU (28.3%) in the first 9  months of the current fiscal year. 
 
Pakistan ranks 6th among the top worker remittance recipient countries in the world.  India and China rank first and second, followed by Mexico 3rd, the Philippines 4th, Egypt 5th and Pakistan 6th.  
 
Pakistan Demographics
About two million Pakistanis are entering the workforce every year. The share of the working age population in Pakistan is increasing while the birth rate is declining. This phenomenon, known as demographic dividend, is coinciding with declines in working age populations in developed countries. It is creating an opportunity for over half a million Pakistani workers to migrate and work overseas, and send home record remittances. 

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Comment by Riaz Haq yesterday

Pakistani migrants in Europe

According to the 2020 International Migrant Stock compiled by UNDESA4, a total of 952,993 Pakistani nationals resided in Europe in 2020. Fifty-eight per cent of them were male and forty-two percent were female. The number of Pakistani nationals in each European country in 2020 is shown in Annex 1, together with gender-disaggregated numbers. UNDESA estimates the number and composition of migrants on the basis of data obtained from population censuses, population registers and national surveys. The dataset provides estimates of the international migrant stock by age, sex and origin for the mid-point (1 July) of each year: 1990, 1995, 2000, 2005, 2010, 2015 and 2020.

https://migration.iom.int/sites/g/files/tmzbdl1461/files/reports/PA...

European Countries Total Migrants Male Female

Denmark 14,318 7,503 6,815
Estonia 261 195 66
Finland 3,134 2,090 1,044
Iceland 94 69 25
Ireland 10,570 6,667 3,903
Latvia 228 204 24
Lithuania 7 3 4
Norway 21,140 10,853 10,287
Sweden 16,597 9,891 6,706
United Kingdom 537,047 282,645 254,402

Greece 8,823 4,435 4,388
Italy 124,800 89,557 35,243
Malta 549 300 249
Portugal 2,217 1,469 748
Slovenia 42 31 11
Spain 63,819 41,074 22,745

Austria 6,097 4,076 2,021
Belgium 13,246 8,143 5,103
France 27,203 16,341 10,862
Germany 79,227 53,993 25,234
Liechtenstein 7 5 2
Luxembourg 279 169 110
Switzerland 5,381 3,304 2,077
The Netherlands 14,104 8,030 6,074

Bulgaria 290 182 108
Hungary 1,055 780 275
Poland 278 257 21
Romania 625 438 187
Russia 726 579 147
Slovakia 122 110 12
The Czech Republic 662 501 161

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