The remittances of Pakistani workers abroad increased 7.4 percent year -on -year for the month of July, the State Bank of Pakistan (SBP) said on Friday.
Every month, millions of Pakistani abroad send money home. These remittances are now a cornerstone of Pakistan’s payment balance, reaching a record of $ 4.1 billion during March alone.
“The workers of the workers registered an entry of $ 3.2 billion during July 2025,” said a Press statement from the SBP.
According to data published by the bank, tickets were mainly obtained from Saudi Arabia ($ 823.7 million), United Arab Emirates ($ 665.2 million), United Kingdom ($ 450.4 million) and the United States ($ 269.6 million).
Last month, SBP data showed that workers’ remittances increased by 26.6pc to reach a record of $ 38.3 billion during fiscal year 2025 compared to the corresponding period last year.
He added that workers’ remittances increased by 7.9pc to $ 3,406 billion in June 2025, compared to $ 3,158 billion during the same month last year.
FY25 proved to be a relatively successful year for the Government on the external front, with the expectations of a current account surplus and the SBP that exceeds its objective of foreign exchange reserves of $ 14 billion by closing at $ 14.5 billion.
The remittances played a crucial role in maintaining the stability of the exchange rate, allowing the Central Bank to accumulate reserves and make partial reimbursements of its external debt. Although official figures have not been revealed, interbank currency dealers estimate that the SBP bought more than $ 8 billion of the bank market during the year.
Last year, a study by the Asian Development Bank found that Pakistani migrants tend to send more when economic conditions are improving at home and when there is a positive association between remittances and internal economic activity.
Study findings indicate that national economic activity and abroad are positively associated with remittances to Pakistan.
