Expatriates

Pakistan's Remittances Soar to Record Levels Amid Economic Recovery

4 days ago

In a remarkable turn of events, Pakistan has witnessed a record surge in remittances, showcasing an impressive rebound in its economic landscape. As the country's economy stabilizes, overseas Pakistani workers have been sending back significantly higher amounts, with the latest figures revealing a substantial increase in financial transfers for the fiscal year.

Dramatic Surge in Expats Puts Pressure on Dubai's Job Market

2 months ago

As Dubai continues to draw in an influx of expatriates seeking new opportunities, the city's job market is beginning to feel the strain. The rapid pace of economic recovery, coupled with the allure of tax-free income and vibrant lifestyle, has motivated many professionals worldwide to consider relocating to the United Arab Emirates. This migration trend, however, is presenting significant challenges for both job seekers and employers in the city.

UK Explores Wealth Tax on Foreign Nationals: A New Economic Dialogue

2 months ago

In a recent statement, the UK government's economic minister revealed that discussions surrounding potential taxing of wealthy foreign nationals residing in the UK are underway. The intent is to explore mechanisms that could allow the UK to capture a greater share of taxes from high-net-worth individuals who benefit from the country’s robust financial systems without making significant contributions to its tax base.