EVALUATING THE ROLE OF PAKISTANI DIASPORA IN NATIONAL DEVELOPMENT: REMITTANCES AND BEYOND

Abstract

The Pakistani diaspora has played a pivotal role in the national development of Pakistan, contributing significantly through remittances, investments, knowledge transfer, and socio-cultural engagements. This study evaluates the multifaceted contributions of the Pakistani diaspora, emphasizing the economic impact of remittances, which have become a critical driver of household income and foreign exchange reserves. Beyond remittances, the diaspora has fostered entrepreneurship, facilitated knowledge and skills transfer, and strengthened cultural and social ties between Pakistan and host countries. However, despite these contributions, there remains a gap between the potential and actual impact of diaspora engagement, largely due to inadequate government policies and institutional frameworks. The paper highlights the need for a cohesive national strategy to harness the full potential of the diaspora, including improved investment policies, capacity-building initiatives, and transparent mechanisms for diaspora engagement. By leveraging the diaspora's resources, skills, and networks, Pakistan can achieve sustainable development and strengthen its global ties.

Keywords: Pakistani diaspora, remittances, national development, knowledge transfer, entrepreneurship, cultural contributions, government policies, investment, socio-economic impact, diaspora engagement