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Pakistan’s Remittances Rise 12% to $3.4 Billion in October

by Web Desk
November 7, 2025
in Economy
0
Remittances

Remittances to Pakistan surge to $3.4 billion in October 2025, driven by strong inflows from Saudi Arabia, UAE, and the UK, boosting economic stability and confidence in government policies.

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Pakistan’s remittance inflows rose to $3.4 billion in October 2025, marking a 12% year-on-year increase and a 7% rise month-on-month, according to the State Bank of Pakistan (SBP). During the first four months of FY2026, total remittances reached $12.9 billion, up 9.3% from the same period last year.

Prime Minister Shehbaz Sharif praised overseas Pakistanis for their growing trust in government policies, highlighting their vital role in economic stability. The Pakistan Remittance Initiative (PRI) and formal banking channels have expanded significantly since 2009, strengthening inflow mechanisms.

Saudi Arabia remained the top source with $821 million, followed by the UAE ($698 million), UK ($488 million), US ($290 million), and EU countries ($457 million) — the latter posting the highest annual growth at 27%.

The government continues to encourage remittances through digital and formal channels, viewing them as a cornerstone of Pakistan’s external financing and household income support.

Tags: Foreign Exchangeoverseas Pakistanispakistan economyremittancesShehbaz SharifState Bank of Pakistan
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