MNN (Web-Desk); Remittances from overseas Pakistani workers rose 7.4 per cent year-on-year in July, the State Bank of Pakistan (SBP) reported on Friday.
Millions of Pakistanis abroad send money to their families each month, and these inflows have become a vital pillar of the country’s balance-of-payments. In March alone, they reached an all-time high of $4.1 billion.
According to the SBP, workers’ remittances stood at $3.2bn in July 2025, with the largest contributions coming from Saudi Arabia ($823.7 million), the United Arab Emirates ($665.2m), the United Kingdom ($450.4m) and the United States ($269.6m).
Just last month, SBP data showed that total remittances jumped 26.6pc year-on-year to a record $38.3bn for fiscal year 2025. In June 2025 alone, inflows climbed 7.9pc to $3.406bn from $3.158bn in the same month last year.
FY25 was a comparatively strong year for the government on the external sector, with a likely current account surplus and the SBP surpassing its foreign exchange reserves target of $14bn — closing at $14.5bn. Remittances were key to supporting exchange rate stability, enabling reserve accumulation, and helping repay part of the country’s external debt.
Currency dealers estimate the central bank purchased over $8bn from the interbank market during the year, although official figures have not been disclosed.
A study by the Asian Development Bank last year found that Pakistani migrants tend to remit more when the domestic economy is improving and when there is a positive link between economic activity at home and abroad — a trend reflected in this year’s record inflows.
