Karachi: In a historic moment, record remittances to Pakistan hit $4.1 billion in March 2025. It’s the first time the monthly inflows have crossed the $4 billion mark, according to the State Bank of Pakistan (SBP).
This sharp rise reflects a 37.3% increase compared to March 2024. It also shows a 29.8% jump from February 2025. Never before has Pakistan seen such high monthly inflows from overseas workers.
Mustafa Mustansir, Director of Research and Business Development at Taurus Securities Limited, spoke about this growth. He explained that the increase was helped by seasonal factors like Ramadan and Eid. He also pointed to improving economic conditions in host countries. Falling inflation and rising real incomes have also boosted remittances, he said.
Mustansir added that the number of officially registered Pakistani workers abroad may also be increasing.
In total, Pakistani workers sent home $28 billion during the first nine months of fiscal year 2025 (Jul–Mar FY25). This is a 33.2% rise from the $21 billion sent during the same period in FY24. The data reflects a strong and steady growth in record remittances to Pakistan.
The biggest share of these remittances came from four countries. Saudi Arabia led the list with $987.3 million. The UAE followed with $842.1 million. The United Kingdom contributed $683.9 million. And the United States sent $419.5 million.
These four nations alone made up nearly 72% of all inflows for March.
Within the GCC region, the UAE saw the highest rise in remittances. A 54% year-on-year increase was recorded. Inflows from Dubai stood at $665.2 million. Abu Dhabi contributed $151.1 million. Dubai’s share went up by 54%, and Abu Dhabi’s rose by 35%.
Saudi Arabia remained the single biggest source. It showed a 35% jump compared to the same month last year. The UK followed with a 48% increase, while remittances from the US rose by 12%.
European Union countries also played a role. They contributed $426.7 million. That’s a 38% increase year-on-year. Germany and Italy showed strong results, with 34% and 30% increases, respectively.
Australia and Malaysia also recorded growth. Australia’s remittances were up 43%, and Malaysia showed a 10% rise.
This surge in record remittances to Pakistan reflects confidence in the country’s economy. It also highlights the growing support from overseas Pakistanis. These financial inflows are crucial for stabilizing the economy and supporting families back home.
