August 08, 2025 – 03:24 PM (GMT+5)

KARACHI – Workers’ remittances to Pakistan rose by 7.36% year-on-year (YoY) in July 2025, reaching $3.21 billion, up from $2.99bn in July 2024, according to the latest data from the State Bank of Pakistan (SBP).

While inflows declined month-on-month (MoM) from $3.41bn in June 2025, this dip is largely attributed to seasonal post-Eid moderation, following a surge in June.

The robust start to FY26 comes after a record FY25, during which Pakistan received $38.3 billion in remittances, marking a 26.5% increase from $30.25bn in FY24. Analysts attribute this rise to improved inflows via formal banking channels, policy measures, and enhanced trust in Pakistan’s financial system.

Top Sources of Remittances – July 2025

·        Saudi Arabia led with $823.7 million

·        United Arab Emirates followed at $665.2 million (including $456.8m from Dubai)

·        United Kingdom: $450.4 million

·        European Union countries: $424.4 million

·        United States: $269.6 million

·        Other GCC nations: $296 million, including:

o   Qatar: $83.6m

o   Oman: $106m

o   Kuwait: $62.5m

The continued strength in remittances underscores the crucial role of overseas Pakistanis in supporting the country’s external account and economic resilience.