ISLAMABAD: Pakistan received $3.4 billion in remittances from overseas workers in October 2025, reflecting a 12% increase compared to the same month last year, according to the latest data released by the State Bank of Pakistan (SBP). The remittances also posted a 7% monthly rise from $3.2 billion recorded in September 2025, highlighting a consistent upward trend in inflows from expatriate Pakistanis.
Remittances continue to play a vital role in supporting Pakistan’s external accounts, strengthening foreign exchange reserves, and supplementing household incomes across the country. These inflows have been a key source of economic stability, especially at a time when the government is striving to maintain fiscal balance and manage external payment pressures.
To further boost remittance inflows, the government has encouraged the use of formal banking channels and digital transfer systems. Initiatives such as the Pakistan Remittance Initiative (PRI) have helped improve accessibility and efficiency in money transfers. Since its inception in 2009, the PRI network has expanded significantly, growing from about 25 participating institutions to over 50 by 2024, thereby enhancing outreach to overseas Pakistanis across various regions.
During the first four months of the fiscal year 2025–26, total remittance inflows reached $12.9 billion, up from $11.9 billion during the same period last year an increase of 9.3%. This steady growth underscores the resilience and continued trust of overseas Pakistanis in the country’s formal financial system.
Saudi Arabia remained the top source of remittances in October 2025, with inflows amounting to $821 million up 9% from the previous month and 7% higher than October 2024. The United Arab Emirates followed with $698 million, reflecting a 12% annual increase. The United Kingdom contributed $488 million, marking a 13% year-on-year rise, while the United States accounted for $290 million, down 4% from last year but 8% higher than September. Remittances from the European Union surged notably by 27% to reach $457 million, highlighting growing financial linkages with Pakistani workers in Europe.
