Maps
Magazine

TRADE & ECONOMY

PM Thanks Overseas Pakistanis as Remittances Hit Record $38.3 Billion
Remittances hit a record $38.3B in FY25, up 26.6%. PM Shehbaz Sharif hails overseas Pakistanis for their trust and support. June alone saw $3.4B inflow.
ND
by News Desk
2025-07-09
PM Thanks Overseas Pakistanis as Remittances Hit Record $38.3 Billion

Prime Minister Shehbaz Sharif has expressed deep gratitude to overseas Pakistanis after remittances reached a record $38.3 billion in fiscal year 2025 — a massive increase of 26.6% compared to the previous fiscal year.

According to data released by the State Bank of Pakistan (SBP), remittances during June 2025 alone stood at $3.4 billion, the highest monthly inflow recorded to date. This marks a 7.9% year-on-year increase.

In fiscal year 2024, remittances were $30.3 billion. The $8 billion increase in FY25 is being celebrated as a significant achievement for Pakistan’s economy.

“This historic record of remittances is a testament to the confidence and dedication of overseas Pakistanis,” said Prime Minister Shehbaz Sharif. “The increase is a welcome sign of our economic progress and the result of well-guided government policies.”

Country-Wise Inflows

·       Saudi Arabia remained the top source, with $823 million in remittances during June, reflecting the strong contribution of Pakistanis living in the Kingdom.

Government's Role and Economic Impact

Experts attribute this sharp rise in remittances to:

·       Increased use of formal banking channels by overseas Pakistanis

·       Incentives and digital remittance platforms introduced by the government

·       Rising confidence in Pakistan’s economic recovery

The Prime Minister emphasized that the recent positive economic indicators, including this surge in remittances, are proof that the country is now on the right economic track.

“After achieving economic stability, our government is now fully focused on sustainable development,” PM Shehbaz stated.

The increase is expected to boost foreign exchange reserves, reduce pressure on the current account, and support the rupee, giving policymakers much-needed room for maneuver in a tight global economic environment.
Tagged:

SBP

remittances

ShehbazSharif

PakistanEconomy

ForeignExchange

OverseasPakistanis
Share News: