Pakistan has achieved a significant economic milestone, recording an all-time high of $38.3 billion in remittances for the financial year 2024-25, reflecting a 27% increase from the previous year’s $30.3 billion. This surge, reported by the State Bank of Pakistan, highlights the vital role of overseas Pakistanis in supporting the nation’s economy.
In June 2025 alone, remittances reached $3.4 billion, an 8% rise compared to the same month last year. Key contributions came from Saudi Arabia ($823 million), the United Arab Emirates ($717 million), the United Kingdom ($538 million), and the United States ($281 million). These inflows have strengthened Pakistan’s foreign exchange reserves, providing a critical buffer amid economic challenges.
The record-breaking remittances, surpassing the previous high of $31 billion, demonstrate the resilience and dedication of the Pakistani diaspora. This financial support not only bolsters the economy but also fosters stability, enabling the country to navigate global economic pressures. Posts on X reflect widespread appreciation for the diaspora’s efforts, emphasizing their role in driving this historic achievement.
Published in SouthAsianDesk, July 9th, 2025
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