Islamabad: The State Bank of Pakistan (SBP) announced on Wednesday that workers' remittances experienced a significant increase of 26.6% in the fiscal year 2025, reaching a total of $38.3 billion.
This marks a substantial rise compared to $30.3 billion received during the same period last year (July-June 2024-25).
On a monthly basis, remittance inflows in June 2025 rose by 7.9% year-on-year, totaling $3.406 billion, up from $3.158 billion in June 2024.
In June 2025, the primary sources of remittances included Saudi Arabia ($823.2 million), the United Arab Emirates ($717.2 million), the United Kingdom ($537.6 million), and the United States ($281.2 million).
These inflows reflect the continued reliance of the economy on overseas workers' remittances for foreign exchange stability.
Country-wise Remittance Data for June 2025:
Country-wise data for June 2025 shows mixed trends. Remittances from the United States amounted to $281 million, a 13% decline from June 2024 and 11% lower than the previous month.
From the United Kingdom, inflows stood at $538 million, marking a 10% year-on-year increase but a 9% decrease compared to May 2025.
Saudi Arabia remained the largest contributor with $823 million, slightly up by 2% year-on-year but down 10% month-on-month. The UAE followed with $717 million, up 10% from the previous year but 5% lower than May.
Other GCC countries contributed $303 million, just 1% higher year-on-year but 16% lower month-on-month. Remittances from the European Union rose to $442 million, up 34% year-on-year and 5% month-on-month.
Other countries collectively contributed $301 million, reflecting an 18% year-on-year increase but a 9% drop from May.
Over the full fiscal year, Saudi Arabia remained the top source with $9.345 billion, up 26% from $7.424 billion last year. The UAE followed with $7.869 billion, a substantial 41% rise from $5.535 billion.
The United Kingdom contributed $5.905 billion, up 31% from $4.522 billion, while inflows from the United States increased by 5% to $3.720 billion from $3.531 billion. Remittances from other GCC countries totaled $3.712 billion, reflecting a 17% increase from $3.180 billion.
The European Union sent $4.543 billion, up 29% from $3.531 billion, and remittances from other regions amounted to $3.244 billion, a 28% rise from $2.528 billion in FY24.
Muhammad Sohail, CEO of Topline Securities, stated, “Record remittances when most needed — in a year marked by economic challenges, overseas workers stepped up. Pakistan received a record USD 38.3 billion in FY25 — up 27%. Bangladesh also saw record inflows of USD 30 billion — up 26%.”
