Pakistan received record $38 billion remittances in FY25: SBP

The inflow of Pakistani overseas workers’ remittances stood at $38.3 billion in fiscal year 2024-25, the highest-ever in the country’s history, the State Bank of Pakistan (SBP) data showed on Wednesday, reported 24NewsHD TV channel.

Remittances increased by 27% year over year, compared to $30.25 billion recorded in the previous fiscal.

Home remittances play a significant role in supporting the country’s external account, stimulating Pakistan’s economic activity as well as supplementing the disposable incomes of remittance-dependent households.

Pakistan received a record $38.3 billion in remittances in FY25 — up 27%. Bangladesh also saw record inflows of $30 billion, up 26%.

The FY25 remittance figures also beat the government’s expectations.

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

Meanwhile, during June 2025, the inflow of overseas workers’ remittances clocked in at $3.4 billion.

Remittances increased by 7.9% year over year, compared to $3.16 billion recorded in the same month last year. Whereas, on a monthly basis, remittances were down 8%, compared to $3.69 billion in May.

Overseas Pakistanis in Saudi Arabia remitted the largest amount in June 2025 as they sent $823 million during the month. The amount was down 10% on a monthly basis, and 2% higher than the $809 million sent by the expatriates in the same month of the previous year.

Inflows from the United Arab Emirates (UAE) rose by 10% on a yearly basis, from $654 million to $717 million in June 2025.

Remittances from the United Kingdom amounted to $538 million during the month, down by 9% compared to $588 million in May 2025. YoY inflows from the UK improved by 10%.

Overseas Pakistanis in the US sent $281 million in June 2025, a MoM decrease of 11%.

PM expresses satisfaction

Prime Minister Shehbaz Sharif has expressed satisfaction over record increase in remittances in the last fiscal year.

In a statement issued in Islamabad, Shehbaz Sharif mentioned that overseas Pakistanis sent record 38.3 billion dollars in remittances during the fiscal year 2024-25.

He noted that this is eight billion dollars more than the remittances received during the fiscal year 2023-24. He said this significant 26.6% increase is a highly encouraging development.

He said the record increase in remittances is reflection of the valuable contributions of overseas Pakistanis and their trust in Pakistan’s economy.

He further stated that the recent positive economic indicators demonstrate the effectiveness and right direction of the government's policies.

He reiterated the government's strong commitment to move from economic stability toward sustainable economic growth.

Reporters Ashraf Khan and Awais Kiyani