Pakistan recorded a strong inflow of $3.4 billion in overseas workers’ remittances during October 2025, according to data released by the State Bank of Pakistan (SBP) on Friday. The inflows showed an increase of nearly 12% year-on-year (YoY) compared to $3.1 billion in the same month last year.
On a monthly basis, remittances rose by over 7% from $3.2 billion in September 2025. During the first four months of the fiscal year (July–October FY26), Pakistan received a total of $12.9 billion in remittances, up 9.3% compared to $11.9 billion during the same period last year.
Remittances are one of Pakistan’s most important sources of foreign exchange and play a vital role in stabilizing the external account. They also support local consumption, boost household income, and help reduce economic pressure on the country’s reserves.
Prime Minister Shehbaz Sharif thanked overseas Pakistanis for their continued support. He said the increase in remittances reflects growing confidence in the government’s economic policies. The Prime Minister also called overseas Pakistanis the country’s most valuable asset.
According to the SBP, the Pakistan Remittance Initiative (PRI), launched in 2009, has been instrumental in promoting formal remittance channels. The number of participating financial institutions has grown from 25 in 2009 to more than 50 in 2024. These include conventional banks, Islamic banks, microfinance institutions, and exchange companies. Over 400 international entities are now linked to the PRI network.
Breakdown of remittances:
Saudi Arabia remained the top source of remittances, sending $821 million in October 2025, up 9% monthly and 7% yearly. The United Arab Emirates (UAE) followed with $698 million, marking a 12% increase year-on-year. The United Kingdom (UK) contributed $488 million, up 13%, while inflows from the United States totaled $290 million. Remittances from European Union (EU) countries rose sharply by 27% to $457 million.
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The consistent growth in remittances highlights the strong contribution of overseas Pakistanis to the country’s economic stability.
