In a major boost to Pakistan’s economy, workers’ remittances soared to an all-time high of record workers remittances Pakistan, reaching $38.3 billion in fiscal year 2025, according to the State Bank of Pakistan (SBP).
This marks an impressive 26.6% increase compared to $30.3 billion in FY24, reflecting the growing trust of overseas Pakistanis in the country’s financial system.
The trend of rising remittances continued in June 2025, when inflows hit $3.4 billion — a 7.9% increase from the same month last year. Analysts from Topline Securities highlighted that FY25 was a historic year for Pakistan. "Remittances reached $38.3 billion, the highest ever annual inflows recorded in the country," said Mohammed Sohail, CEO of Topline Securities.
March 2025 also stood out, when remittances peaked at $4.1 billion — the record workers remittances Pakistan for a single month.
The SBP credited this surge to multiple factors: a recovering economy, stable exchange rates, and new incentives rolled out by both the government and the central bank. These efforts encouraged overseas Pakistanis to send money through formal channels, strengthening the country’s financial position.
Saudi Arabia remained the top source of inflows, contributing $823.2 million in June 2025, followed by the United Arab Emirates at $717.2 million, the United Kingdom at $537.6 million, and the United States at $281.2 million.
Earlier this year, SBP Governor Jameel Ahmad had projected that annual remittances could reach $38 billion in FY25, a target that has now been surpassed. Looking ahead, the government has set an ambitious remittance target of $39.4 billion for FY26, aiming to build on this positive momentum.
Economists also pointed to the role of Pakistan’s ongoing IMF-supported reforms, which have improved economic stability and strengthened confidence among overseas Pakistanis. Enhancements in banking and financial services have made sending money home faster, easier, and more secure.
Despite the good news on remittances, the government has revised its forecast for the current account, projecting a $2.1 billion deficit (0.5% of GDP) for FY26, compared to an expected surplus of $1.5 billion in FY25.
