Prime Minister Muhammad Shehbaz Sharif has expressed satisfaction over record increase in remittances in the last fiscal year. In a statement, he mentioned that overseas Pakistanis sent record 38.3 billion dollars in remittances during the fiscal year 2024-25.
The State Bank of Pakistan said remittances reached $38.3bn during July-June 2024-25, as compared to the $30.3bn in remittances received during the same period for FY2023-24. Similarly, on a year-by-year basis, the workers’ remittances went up by 7.9pc to $3.406bn in June 2025, compared to $3.158bn during the same month last year. Data showed that Saudi Arabia ($823.2m) and the United Arab Emirates ($717.2m) were the biggest sources of remittance inflows during June 2025, followed by the United Kingdom ($537.6m) and the United States ($281.2m).
A statement from the Prime Minister’s Office said the premier was pleased at the development, saying that the government was committed to economic prosperity after bringing economic stability, the Associated Press of Pakistan reported. “The record surge in remittances reflects expatriate Pakistanis’ valuable contributions and their confidence in the national economy,” he added.
He expressed the opinion that the recent positive economic indicators were a “manifestation of the government’s policies in the right direction”. Adviser to the Finance Minister Khurram Schehzad termed the record remittances “massive” in a post on X and added that the feat “reflects growing trust of overseas Pakistanis in the economy and policy measures”. 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.
The Prime Minister said the record increase in remittances is a 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. The Prime Minister reiterated the government's strong commitment to move from economic stability toward sustainable economic growth.