FY25: Remittances rise over 26pc to reach historic high of $38.3bn

Karachi: Remittances from overseas Pakistanis reached a record high of $38.3 billion in fiscal year 2025, reflecting a 26.6 per cent year-on-year increase from $30.3bn in FY2.,

According to the State Bank of Pakistan (SBP),  in June 2025 alone, remittances stood at $3.4bn, marking a 7.9pc increase compared to the same month last year. 

Remittances have been on the rise, peaking at a record-breaking $4.1bn in March, the highest single-month inflow ever recorded.

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

Analysts attributed this sharp rise to a combination of factors including economic recovery, stability in the exchange rate, and incentives introduced by both the government and the central bank.

The central bank data says Saudi Arabia remained the largest source of remittances in June 2025, contributing $823.2mn, followed by the United Arab Emirates (UAE) with $717.2mn, the United Kingdom (UK) with $537.6 mn, and the United States (US) with $281.2 mn.