Staff Reporter | Dhaka | Sunday, September 7, 2025
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emittance from migrant workers has long been one of the largest sources of foreign income for Bangladesh. Workers in the Middle East, in particular, send billions of dollars home every year, keeping the country’s economy afloat. However, recent geopolitical tensions and economic crises in the region are raising concerns about a potential slowdown in this vital flow of income.
Economists warn that instability in global oil prices, shrinking job opportunities, and political unrest in the Middle East have led many countries to reduce migrant worker recruitment. This may lower the earnings of Bangladeshi expatriates, directly impacting the overall remittance inflow.
According to Bangladesh Bank data, nearly 60% of the country’s total remittance income comes from Middle Eastern nations. Any decline in employment or income in the region could reduce foreign currency inflows, creating pressure on dollar reserves, fueling inflation, and posing risks to overall economic stability.
Experts, however, believe that with timely measures, Bangladesh can minimize the damage. Expanding alternative remittance sources, sending more skilled manpower, and opening new labor markets are now seen as urgent steps.
Economist Dr. Abul Kashem commented: “Bangladesh must diversify beyond the Middle East by exploring Southeast Asia, Europe, and African markets. Otherwise, the country’s foreign income may face a significant setback.”
