Pakistan receives record $4.1bn in remittances in March 2025

KARACHI: Pakistan’s workers’ remittances surged to a record high of $4.1 billion during March 2025, the State Bank Governor Jameel Ahmad said.

Remittances from overseas Pakistani workers increased 37.3% year-on-year and a 29.8% month-on-month rise compared to February 2025, reaching $3.12 billion.

It is the highest level of monthly remittances ever recorded in the country’s history.

Compared to January 2025, remittance inflows increased by 3.8pc, providing the much-needed financial support to the economy, government reserves and liquidity for importers.

Addressing a ceremony at the Pakistan Stock Exchange (PSX) in Karachi, the State Bank Governor said the central bank has revised its projection for the cumulative receipt of the remittances to $38 billion for the full year of FY25 from the previous estimate of $36 billion.

Speaking at the Pakistan Stock Exchange (PSX) today, the SBP chief highlighted that foreign reserves were now projected to exceed $14bn by June.

Cumulatively, workers sent home $28 billion during the first nine months of the current fiscal year (Jul- Mar FY25), reflecting a substantial 33.2% rise over the $21.0 billion received during the corresponding period of FY24.

The record inflows in March were primarily driven by remittances from Saudi Arabia ($987.3 million), the United Arab Emirates ($842.1 million), the United Kingdom ($683.9 million), and the United States ($419.5 million).