PM pleased as remittances rise by 26.6pc to hit record $38.3bn in FY25

Prime Minister Shehbaz Sharif expressed his satisfaction on Wednesday as data showed that workers’ remittances increased by 26.6 per cent to hit a record $38.3 billion during the fiscal year 2025 as compared to the corresponding period of last year. The State Bank of Pakistan said remittances reached $38.3bn during July-June 2024-25, as compared to the $30.3bn in remittances received during the same period for FY2023-24. Similarly, on a year-by-year basis, the workers’ remittances went up by 7.9pc to $3.406bn in June 2025, compared to $3.158bn during the same month last year. Data showed that Saudi Arabia ($823.2m) and the United Arab Emirates ($717.2m) were the biggest sources of remittance inflows during June 2025, followed by the United Kingdom ($537.6m) and the United States ($281.2m).