Pakistan Receives Record Remittances: $8.8 Billion in First Quarter

Pakistan has witnessed a significant surge in remittances, with overseas Pakistanis sending $8.8 billion in the first quarter of FY25, marking a 38.8% increase from the same period in FY24.

Key Remittance Figures:

• $2.92 billion monthly average
• 39% increase from Q1 FY24
• Saudi Arabia: $2.15 billion (3 months)
• UAE: $1.70 billion (3 months)
• UK: $1.34 billion (3 months)
• EU: $1.09 billion (3 months)
• US: $890 million (3 months)
• Other Gulf countries: $860 million (3 months)

Economic Impact:

This substantial influx of foreign exchange exceeds the IMF’s three-year program in just three months, providing crucial support to Pakistan’s economy.

Remittance Trends:

Stay updated on Pakistan’s remittance data and explore:

• Pakistan Remittance Initiative (PRI)
• World Bank data
• State Bank of Pakistan statistics