Islamabad, Mar10 2025: The State Bank of Pakistan (SBP) has reported a 55% year-on-year (YoY) surge in overseas Pakistanis remittances Surpass, with inflows reaching $3.1 billion in February 2025, up from $2.3 billion in February 2024.
This significant increase underscores the continued confidence of expatriates in Pakistan’s economy and their crucial role in supporting foreign exchange reserves.
On a month-on-month (MoM) basis, remittances saw a 4% increase compared to the $3.0 billion received in January 2025.
The steady rise in inflows reflects sustained economic engagement by overseas workers and improved banking channels facilitating transactions.
Breaking down the figures, Saudi Arabia remained the top contributor, with remittances totaling $744 million.
The United Arab Emirates (UAE) followed closely, contributing $652 million, while the United Kingdom (UK) accounted for $501 million.
Additionally, European Union (EU) nations sent $340 million, and the United States (US) recorded $309 million in inflows.
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Overseas Pakistanis Keep Remittances Above $3 Billion in January 2025
For the first eight months of the fiscal year 2025 (8MFY25), total remittances amounted to $24 billion, marking a 32% YoY increase compared to $18.3 billion received during the same period in FY24.
This robust growth highlights the resilience of Pakistan’s remittance inflows, which remain a key pillar of economic stability.
The upward trend in remittances is attributed to government initiatives promoting formal banking channels, favorable exchange rate policies.
Overseas Pakistanis remittances Surpass’ unwavering financial support for their families and investments back home.
