ISLAMABAD: In October 2025, Pakistan recorded $3.4 billion in remittances from overseas workers, reflecting a nearly 12 percent increase compared to the same month in the previous year, according to the State Bank of Pakistan (SBP).
Monthly remittances also grew by over 7 percent from September’s figure of $3.2 billion. During the first four months of the current fiscal year, remittances totaled $12.9 billion, up 9.3 percent from $11.9 billion during the same period last year.
Prime Minister Shehbaz Sharif acknowledged the vital role of overseas Pakistanis, emphasizing their importance to the country. He remarked that the consistent rise in remittances indicates the trust expatriates have in the government’s policies and described them as one of the nation’s most valuable assets.
The SBP pointed out the impact of the Pakistan Remittance Initiative (PRI), introduced in 2009, which has played a central role in enhancing formal channels for fund transfers. The number of financial institutions linked to the PRI network has grown significantly from 25 in 2009 to over 50 by 2024, encompassing conventional banks, Islamic banks, microfinance banks, and exchange companies. Additionally, international partnerships have risen from 45 to approximately 400 entities.
Saudi Arabia continued to be the largest source of remittances, contributing $821 million in October, a 7 percent increase from last year. The UAE accounted for $698 million, while the UK sent $488 million. Meanwhile, remittances from the US totaled $290 million, slightly lower year-on-year but showing an improvement from September. The European Union showed the most significant jump, with a 27 percent increase, delivering $457 million.
Officials highlight that sustained government initiatives and reliance on formal channels remain essential for maintaining remittance growth and ensuring economic stability in Pakistan.
