Pakistan’s economy received a major boost in FY25, as workers’ remittances soared to a historic $38.3 billion, marking a 27% year-on-year increase from $30.3 billion in FY24. According to the State Bank of Pakistan, this $8 billion jump reflects the resilience and growing support of overseas Pakistanis amid continued economic challenges.
June 2025 alone brought in $3.406 billion in remittances — up 8% from June 2024, though 8% lower than May 2025. The month saw mixed country-wise trends. Saudi Arabia led the inflows with $823 million, up slightly year-on-year but down 10% month-on-month. The UAE followed with $717 million, reflecting a 10% annual increase but a 5% monthly dip.
Remittances from the UK rose to $538 million, a 10% yearly rise despite a 9% decline from May. US inflows dropped to $281 million, down 13% year-on-year and 11% from the previous month. Meanwhile, EU contributions grew significantly to $442 million, up 34% compared to June 2024 and 5% from May. Other regions added $301 million — an 18% yearly increase.
Over the full fiscal year, Saudi Arabia remained the top source of remittances with $9.345 billion, up 26% from last year. The UAE sent $7.869 billion, a sharp 41% increase from FY24. The UK contributed $5.905 billion (up 31%), the US $3.720 billion (up 5%), and GCC countries $3.712 billion (up 17%). Remittances from the EU hit $4.543 billion, while other countries collectively sent $3.244 billion, up 28%.
Muhammad Sohail, CEO of Topline Securities, noted the significance of this rise: “Record remittances when most needed — in a year marked by economic challenges, overseas workers stepped up.” He added that Bangladesh also posted a record $30 billion in inflows, showing a 26% increase, highlighting a broader regional trend of rising foreign remittances.
These inflows offer a vital lifeline to Pakistan’s economy, helping stabilize foreign reserves, narrow the current account deficit, and ease pressure on the rupee.