Pakistan has achieved a huge milestone on the economic front, recording its highest ever annual remittances in fiscal year 2024-25. As per the State Bank of Pakistan, total remittances during FY25 reached an impressive US$ 38.3 billion, which is 27 percent up from the $30.3 billion if compared with the number of last year.
June 2025 glances Strong Inflows Despite Monthly Dip
In June 2025, remittance inflows stood at approximately $3.4 billion. However, that figure is down about 8 pc if it is compared to May 2025’s $3.7 billion, it’s still 6.25 percent higher than June 2024’s $3.2 billion. Experts keep on saying that this slight monthly dip is assumed to be normal and often reflects seasonal trends, like post-Eid spending patterns or shifting economic conditions in host countries.
Overseas Pakistanis Lead with Strong Support
Topline Securities described FY25 as Pakistan’s strongest remittance year ever, highlighting the unwavering support of overseas Pakistanis even amid global economic uncertainty. This surge in remittances is more than just numbers. Moreover, it represents a vital economic lifeline, which is assisting to
- Strengthen foreign exchange reserves
- Support the rupee
- Minimize dependance on external borrowing
Read more: Freelancers sent $350.15 million in remittances during July to March
Key Source Countries for Remittances
SBP data strongly demonstrating that the bulk of remittances in June 2025 came from four major sources:
• Saudi Arabia: $823 million
• United Arab Emirates: $717 million
• United Kingdom: $538 million
• European Union: $442 million
These figures are truly depicting the enduring bond between the Pakistani diaspora and their families back home. They also highlight the significance of maintaining strong diplomatic and labor ties with these host countries.
A factor for promoting for Economic Stability
Economists are saying that record remittances reflect the trust overseas Pakistanis place in supporting their loved ones and the country’s economy. Policymakers see this as an opportunity to further
- Improve formal remittance channels
- Reduce transaction costs
- Encourage banking usage to sustain and even grow these crucial inflows.
Pakistan’s economy is not stable and is facing challenges, these record-breaking remittances are meant to provide much-needed stability and hope. These are the true reflections of the sheer dedication, and resilience of the Pakistani diaspora, who remain to be major brick of national development and economic strength.