KARACHI: Pakistan received $3.4 billion in remittances from overseas workers in October 2025, up by 12% compared to the same month last year, according to data from the State Bank of Pakistan (SBP). On a monthly basis, remittances saw a 7% rise, compared to $3.2 billion in September 2025.
Remittances continue to play a vital role in supporting Pakistan’s external accounts, boosting economic activity, and supplementing the incomes of remittance-dependent households.
The government has been actively promoting the use of formal channels to increase remittance inflows, offering incentives to ensure steady growth. The Pakistan Remittance Initiative (PRI), launched in 2009, has played a significant role in enhancing home remittances through financial institutions. The number of institutions on the PRI network has grown from around 25 in 2009 to more than 50 in 2024.
In the first four months of the fiscal year (4MFY26), remittance inflows totaled $12.9 billion, up from $11.9 billion in the same period last year, reflecting a growth of 9.3%.
The largest share of remittances in October 2025 came from Saudi Arabia, where overseas Pakistanis sent $821 million, marking a 9% increase from September 2025 and a 7% rise compared to the same month last year.
Remittances from the United Arab Emirates (UAE) amounted to $698 million, up 12% year-on-year. The United Kingdom (UK) saw inflows of $488 million, a 7% increase from September 2025, and a 13% rise from October 2024.
From the United States, remittances totaled $290 million, reflecting a 4% year-on-year decrease but an 8% increase from September 2025. Meanwhile, remittances from European Union (EU) countries surged by 27% year-on-year, reaching $457 million in October 2025.
