The Governor of the State Bank, Jameel Ahmad, said on Monday that the remittances were in a record of $ 4.1 billion during the month of March.
The remittances of Pakistani workers abroad had fired year after year in February 2025, reaching $ 3.12 billion.
Compared to January 2025, remittance tickets increased by 3.8 percent, providing very necessary financial support to the economy, government reserves and liquidity for importers.
During the first nine months of fiscal year 2015 (July-March), total remittances have reached $ 28.07 billion, marking a substantial increase of 33 percent compared to the same period of the previous year.
Speaking today in the Pakistan Stock Exchange (PSX), the head of SBP stressed that it was now projected that foreign reserves exceeded $ 14 billion in June.
He also added that the obligations for reimbursement of foreign debt were $ 26 billion for fiscal year 2015, of which $ 16 billion was expected to be transferred or refinanced, reducing the real reimbursement pressure to around $ 10 billion.
In a positive note, he pointed out that the economic activity had “shown signs of rebirth”, adding that if agriculture had matched last year’s performance, the growth of the GDP of the country would have been more than 4.2PC.
However, due to a weaker agricultural season of what was expected, Ahmad said that GDP growth was now projected that it would be around three PC.
“Each accuser indicates that economic activity has recovered substantially,” he said, adding that “it was not completely reflected in growth numbers” due to agriculture.
According to AKD values, tickets during March were obtained mainly from Saudi Arabia ($ 987 million), EAU ($ 842 million), United Kingdom ($ 684 million) and USA. UU. ($ 419 million).
Topline Securities, a brokerage firm in Karachi, said: “Pakistan has registered monthly remittances of $ 4.1 billion in March 2025, which is 37pc higher than in March 2024.
“We believe that higher remittances are due to the Ramazan/Eid effect,” he added.
In January, the Governor of SBP had said that the country was fulfilling its economic objectives, with its level of debt and its balance of payments still under control.
In 2023, Pakistan experienced one of its worst economic crises in decades and high inflation of all time, with their foreign exchange reserves reducing to $ 4.6 billion, just enough to cover three weeks of imports.
This led the government to seek a rescue of the International Monetary Fund (IMF) to support its balance of payments (BOP).
The IMF, which approved a $ 7 billion rescue package for Pakistan, hopes that the country’s growth rate will improve 4.5 percent by 2029.
In inflation, he said that the inflationary pressure was also in a good trajectory, noting that last month IPC inflation had reached a historical 0.7pc.
“I can share on the side of the state bank that this was exactly what we had projected and what we presented to our monetary policy committee on March 10,” he said.
IPC inflation increased above 10 percent in November 2021 and remained in two digits for 33 consecutive months until July. In the middle, it reached its maximum point at 38 % in May 2023, driven by unprecedented food and energy prices.
In March, the main inflation fell to 0.7pc year after year in March 2025, marking the lowest reading since December 1965.
The decrease exceeded both market expectations and the projection of the Ministry of Finance, which had anticipated inflation between 1 percent and 1.5PC for March.
The deceleration in the inflation rate is mainly driven by lower prices in wheat and its by -products, perishable items such as onions, potatoes and certain pulses and a reduction in electricity loads.
PM Shehbaz advances the remittances of the crossing of $ 4 billion brand
Meanwhile, Prime Minister Shehbaz Sharif expressed his pleasure in remittances that crossed the $ 4 billion brand for the first time in the history of the country, qualifying a reflection of their confidence in government policies, state property. Application reported.
The Prime Minister, in a statement, also thanked the Pakistani expatriates for sending the registered amount.
While talking at the Pakistani convention abroad in Islamabad, the prime minister said the remittances “reflected the dedication, passion and trust of Pakistani abroad in the country’s economy and government policies.”
Calling the Pakistani abroad a valuable asset, Prime Minister Shehbaz praised his hard work.
He added that the entire nation was proud of Pakistani workers abroad and that the current government was totally committed to providing them with the necessary facilities.
