Syed Rizwan Rizvi

I am me.

[Syed Rizwan Rizvi @Syed_RRR]

... and have to borrow more every year. This plunges us into a debt trap.

Question:
Why doesn't the government curtail non-development expenditure such as perks and privileges of public representatives and bureaucracy?
Only that would help ease the shortfall.
Let's campaign.....

[Syed Rizwan Rizvi @Syed_RRR]

The Debt Trap
For the past several years, the revenue vs expenditure gap has been an average of PKR 3 - 3.5 trillion.

This is plugged through new debt every year. In addition, there are repayments of existing loans and interest. We are unable to pay off existing loans.

[Syed Rizwan Rizvi @Syed_RRR]

Make Assets that earn value rather than liabilities:
Buy rent giving property
Buy assets that appreciate
Buy businesses not stocks
Buy profit sharing instruments
Invest time in reading and watching material that give value
Seek knowledge in addition to formal degrees
Ask question

[Syed Rizwan Rizvi @Syed_RRR]

Financial advice:
Is it bad to earn a lot of money and become rich?
Not at all.

Earning lots of money is a means - not an end in itself. How you earn it and where you spend define who you are.

Earn as much as you want through legitimate means and spend on yourself and others.

[Syed Rizwan Rizvi @Syed_RRR]

- Empower women and encourage women entrepreneurship. Join United Nations sponsored programs of women empowerment.
- Develop the rural sector and adopt "One Village, One Product" program to enhance specialization and job creation.

Would you provide at least one more suggestion?

[Syed Rizwan Rizvi @Syed_RRR]

@BrainDrainPakistan
How to stop or reduce brain drain?

Some suggested actions are:
- Strive for political stability - make as much concessions as possible.
- Enhance standard of education and invest more in the education sector
- Take steps to reduce corruption

Continued.......

[Syed Rizwan Rizvi @Syed_RRR]

- Introduce or enhance government sponsored skilled worker exchange programs with countries where most emigrants go. This would ensure inflow of technical knowledge and retention of skilled work force.
- Encourage entrepreneurship and innovation

Continued....

[Syed Rizwan Rizvi @Syed_RRR]

- Invest in IT sector and promote formal online IT education
- Organize road shows to encourage Foreign Direct Investment
- Create job opportunities in sectors requiring technical skills
- Facilitate inflow and outflow of foreign currencies

Continued...

[Syed Rizwan Rizvi @Syed_RRR]

- Increase social sector facilities
- Invest in infrastructure development
- Engage highly qualified teachers for colleges and universities
- Increase pay scales for university teachers
- Setup research facilities and establish copyright mechanism for intellectual property

Cont.

[Syed Rizwan Rizvi @Syed_RRR]

@AABangashh Actually, the official number of Pakistanis emigrating to US is very small. Few thousands only.
The numbers I gave do not include those going for studies.
Only those who go there for work.

[Syed Rizwan Rizvi @Syed_RRR]

Top countries where Pakistanis emigrated to in 2022:
- Saudi Arabia (62%)
- UAE (15.6%)
- Oman (10.1%)
- Qatar (6.7%)
- Bahrain (1.7%)
- Others (3.9%)

Source: Bureau of Emigration, Pakistan

Reply with name of country and I will give you the number of emigrants that went there.

[Syed Rizwan Rizvi @Syed_RRR]

@AcimHafeez Yes, correct @AcimHafeez.
Not many countries have dual citizenship agreement with Pakistan and several don't offer their citizenship to immigrants.

[Syed Rizwan Rizvi @Syed_RRR]

#BrainDrainPakistan
Years with highest number of emigrants:
2015 - 946,571
2016 - 839,353
2022 - 765,172
2014 - 752,466
2012 - 638,587
2019 - 625,876
2013 - 622,714

Source: Bureau of Emigration, Pakistan

Next, I will suggest some measures that are needed to reduce brain drain.

[Syed Rizwan Rizvi @Syed_RRR]

@FarsanQazalbash Yes. He is holding his ground 😆

[Syed Rizwan Rizvi @Syed_RRR]

#BrainDrainPakistan
Most emigrants in 2022 are:
- Unskilled workers (43%)
- Semi-skilled workers (32%)
- Doctors, Engineers, Para medical staff, Accountants, IT professionals, Agriculturists, Marketing staff (22%)
- Other workers (3%)

Source: Bureau of Emigration, Pakistan

[Syed Rizwan Rizvi @Syed_RRR]

@azzfarali Thanks Azfar.
I will be providing more information and suggestion on tackling this in future tweets.
Do contribute useful suggestions and stats.

[Syed Rizwan Rizvi @Syed_RRR]

#BrainDrainPakistan (1/2)
Why does it happen?
- Insufficient job opportunities requiring technical skills
- Low pay levels and incentives
- Lack of industry and infrastructure development
- Lack of quality education and healthcare
- Lack of freedom and safety

[Syed Rizwan Rizvi @Syed_RRR]

#BrainDrainPakistan (2/2)
- Poor quality of life
- Political instability
- Persecution based on religion, ethnicity, gender or sexuality
- Adverse security conditions
- Rampant corruption
- Inequality and poor justice system
- Lack of legal and social reforms

[Syed Rizwan Rizvi @Syed_RRR]

Defining #BrainDrainPakistan
Brain drain refers to emigration of highly skilled or talented individuals from their home country to another country, often for better job opportunities or living conditions.
This leads to depletion of human capital and expertise in the home country

[Syed Rizwan Rizvi @Syed_RRR]

Any more ideas anyone?

There will more tweets in this series to talk about brain drain in Pakistan, its causes and effects and how to prevent it.

Stay tuned!!

[Syed Rizwan Rizvi @Syed_RRR]

Pakistan and Brain Drain.
Is brain drain bad for a country?
Not entirely.

Depending on the situation, brain drain could help to
- increase wealth of nation
- increase inflow of knowledge
- enhance living standard of citizens
- enhance cooperation with developed nations
and more