The inflow of remittances from overseas workers into Pakistan stood at $3.1 billion in February 2025, reflecting a 3.8% rise from the $3 billion received in January 2025, according to data released by the State Bank of Pakistan (SBP) on Monday.
On a year-on-year basis, remittances surged by 38.6% compared to the $2.25 billion recorded in February 2024. Cumulatively, during the first eight months of FY25 (July-February), Pakistan received $24.0 billion in remittances, marking a significant 32.5% increase from the $18.1 billion received in the same period of FY24.
Home remittances continue to play a crucial role in strengthening Pakistan’s external account, boosting economic activity, and improving the financial well-being of remittance-dependent households.
Breakdown of Remittance Sources
- Saudi Arabia: Overseas Pakistanis in Saudi Arabia contributed the highest share, sending $744.4 million in February 2025. This represents a 2.21% increase from January and a substantial 37.88% rise from the $539.9 million recorded in February 2024.
- United Arab Emirates (UAE): Remittances from the UAE rose by 4.94% month-on-month, increasing from $621.5 million in January to $652.2 million in February. Year-on-year, inflows from the UAE saw an impressive 69.49% jump compared to $384.8 million in February 2024.
- United Kingdom (UK): Pakistani expatriates in the UK sent $501.8 million in February, reflecting a 13.12% increase from January’s $443.6 million. Compared to the same month last year, remittances from the UK grew by 45.03%.
- United States (US): Remittances from the US amounted to $309.4 million in February 2025, registering a month-on-month increase of 3.41%.
With a steady rise in remittance inflows, Pakistan continues to benefit from the financial contributions of its overseas workforce, supporting both individual households and the broader economy.