Remittances sent by overseas Pakistanis reached an impressive $3.1 billion in February 2025, marking a significant 55 percent increase compared to the $2.3 billion recorded in February 2024. The latest data, released by the State Bank of Pakistan (SBP), highlights a strong surge in foreign inflows, which play a crucial role in supporting the country’s economy.
On a monthly basis, remittances grew by 4 percent in February, surpassing the $3.0 billion sent in January 2025. This consistent upward trend indicates the resilience of overseas Pakistanis in contributing to their homeland despite global economic fluctuations.
The detailed breakdown of remittance inflows reveals that the highest contribution came from Saudi Arabia, with Pakistani expatriates sending $744 million. The United Arab Emirates (UAE) followed with $652 million, while the United Kingdom (UK) and European Union (EU) countries contributed $501 million and $340 million, respectively. The United States (US) also played a significant role, with inflows amounting to $309 million.
For the first eight months of the fiscal year 2025 (8MFY25), remittances totaled $24 billion, reflecting a substantial 32 percent increase compared to $18.3 billion recorded during the same period in the previous fiscal year (8MFY24).
This growth in remittances can be attributed to various factors, including government efforts to promote legal banking channels, better exchange rate policies, and economic stability in countries where Pakistani workers are employed. The rise in digital transactions and banking facilitation has also played a key role in making it easier for overseas Pakistanis to send money home securely and efficiently.
Remittances are a vital source of foreign exchange for Pakistan, helping to stabilize the national economy, support household incomes, and improve the country’s financial standing. The continued increase in these inflows is a positive sign for Pakistan’s economic future, indicating strong support from its diaspora worldwide.
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