Remittances increase by 26.6pc to 38.3bn dollars in FY2025
Business
The remittance went up by 7.9 percent in June 2025 to $3.406 billion
ISLAMABAD (Web Desk) - The workers’ remittances increased by 26.6 percent during the fiscal year 2025 as compared to the corresponding period of last year, said the State Bank of Pakistan (SBP) on Wednesday.
The remittances reached to $38.3 billion during July-June 2024-25 as against the remittances of $30.3 billion received during July-June 2023-24.
Similarly, on a year-on-year basis, the worker’s remittance went up by 7.9 percent in June 2025 to $3.406 billion from $3.158 billion during the same month last year.
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During FY25, workers’ remittances were recorded at US$38.3 billion, showing an increase of US$8.0 billion (i.e. 26.6 percent) over US$30.3 billion received in FY24.https://t.co/rPOvn9CTjf#SBPRemittances pic.twitter.com/DBXFN8FS4w
— SBP (@StateBank_Pak) July 9, 2025
Remittances inflows during June 2025 were mainly sourced from Saudi Arabia ($823.2 million), United Arab Emirates ($717.2 million), United Kingdom ($537.6 million) and United States of America ($281.2 million).
PM EXPRESSES SATISFACTION
Prime Minister Shehbaz Sharif on Wednesday expressed his satisfaction at the record-high remittances received during the fiscal year 2024-25 and resolved that the government was committed to economic prosperity after bringing economic stability.
The prime minister observed that during the year 2024-25, Pakistanis abroad had sent remittances worth $38.3 billion which surpassed remittances recorded in the corresponding period of fiscal year 2023-24 by $8 billion, PM Office Media Wing said in a press release.
He also termed the remittances increase by 26.6 percent as a positive trend.
“The record surge in remittances reflects expatriate Pakistanis’ valuable contributions and their confidence in the national economy,” the prime minister added.
He further opined that the recent positive economic indicators were a manifestation of government’s policies towards the right direction.
