Prime Minister Shehbaz Sharif expressed his satisfaction on Wednesday, since the data showed that the workers of the workers increased by 26.6 percent to reach a record of $ 38.3 billion during fiscal year 2025 compared to the corresponding period last year.
The State Bank of Pakistan said that remittances reached $ 38.3 billion during July-June of 2024-25, compared to the $ 30.3 billion in remittances received during the same period for fiscal year 201023-24.
Similarly, from year to year, workers’ remittances increased by 7.9 percent to $ 3,406 billion in June 2025, compared to $ 3,158 billion during the same month last year.
The data showed that Saudi Arabia ($ 823.2 million) and the United Arab Emirates ($ 717.2 million) were the largest sources of remittance tickets during June 2025, followed by the United Kingdom ($ 537.6 million) and the United States ($ 281.2 million).
A statement from the prime minister said that the prime minister was satisfied with the development, saying that the government was committed to economic prosperity after providing economic stability, the Associated Press of Pakistan reported.
“The record increase in remittances reflects the valuable contributions of the Pakistani of the expatriates and their confidence in the national economy,” he added.
He expressed the opinion that the recent positive economic indicators were a “manifestation of government policies in the right direction.”
The Advisor of the Minister of Finance, Khurram Schehzad, described the “massive” record remittances in an X publication and added that the feat “reflects the growing confidence of the Pakistani abroad in the economy and politics measures.”
A study published by the Asian Development Bank last year 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.
