Karachi: Pakistan’s workers’ remittances saw a significant increase of 32.5% during the first eight months of FY25, reaching USD 24 billion, as per data released by the State Bank of Pakistan (SBP) on Monday.
From July to February FY25, remittance inflows grew from USD 18.1 billion in the same period last year. In February 2025 alone, Pakistan received USD 3.12 billion, marking a 38.6% year-on-year (YoY) rise and a 3.8% increase compared to January.
The primary sources of remittances in February were Saudi Arabia (USD 744.4 million), the UAE (USD 652.2 million), the UK (USD 501.8 million), and the US (USD 309.4 million).
Experts note that the continued growth in remittances is playing a crucial role in easing pressure on Pakistan’s external account and strengthening SBP’s foreign exchange reserves, counterbalancing the impact of increased imports driven by rising economic activity and global commodity prices.
