Pakistan witnessed a robust surge in remittances in May 2025, with inflows hitting $3.7 billion, according to fresh data from the State Bank of Pakistan (SBP). This marks a 16% increase from April’s $3.18 billion, and a 13.7% rise year-on-year from $3.24 billion in May 2024 — a clear sign of the growing financial support from overseas Pakistanis.
FY25: A Record-Breaking Year for Remittances
So far in the current fiscal year (July–May FY25), Pakistan has received $34.9 billion in workers’ remittances — an impressive 28.8% jump compared to $27.1 billion during the same period last year. This strong growth is helping ease pressure on the country’s external account and boosting economic activity at home, especially for households reliant on remittance income.
The SBP had already hinted at this momentum. In April, SBP Governor Jameel Ahmad projected a substantial current account surplus, crediting remittances for the “best performance on the external front in two decades.”
Saudi Arabia Leads the Pack
Breaking down the numbers by country, Saudi Arabia continues to be the largest source of remittance inflows. Pakistani workers there sent $913.9 million in May — a 26% increase from April, and 12% higher than the same month last year.
UAE and UK Show Strong Growth
Remittances from the United Arab Emirates also saw a solid boost, climbing 16% MoM to $754.2 million. Compared to May 2024, that’s a 13% increase.
The United Kingdom contributed $588.1 million, marking a 10% monthly rise and a significant 24% year-on-year increase, showcasing stronger inflows from Europe.
Stable Growth from the US
From the United States, remittances reached $314.7 million, showing modest but steady growth — up 4% month-on-month.
Why This Matters
Remittances are more than just numbers — they are a lifeline for millions of Pakistani families and a pillar of economic stability. As the country navigates global financial pressures, this surge in inflows not only boosts foreign exchange reserves but also supports local consumption and growth.
If current trends continue, FY25 could go down as one of the strongest years for Pakistan’s external finances — largely thanks to the unwavering support of its diaspora.