Prime Minister Shehbaz Sharif on Wednesday expressed satisfaction over a significant surge in workers’ remittances, which rose by 26.6% during the fiscal year 2024–25, reaching an all-time high of $38.3 billion, according to data released by the State Bank of Pakistan (SBP).
The remittances during July–June FY25 increased from $30.3 billion recorded in the previous fiscal year, reflecting strong confidence of overseas Pakistanis in the country’s economy.
In June 2025 alone, remittances saw a 7.9% year-on-year increase, reaching $3.406 billion, compared to $3.158 billion in June 2024.
According to the SBP, Saudi Arabia remained the top source of remittances during the month, with inflows amounting to $823.2 million, followed by the United Arab Emirates ($717.2 million), the United Kingdom ($537.6 million), and the United States ($281.2 million).
PM Shehbaz: Remittance Boom Reflects Trust in National Economy
In a statement issued by the Prime Minister’s Office, Shehbaz Sharif said the record-breaking inflows represent a major achievement and show that economic stability has begun translating into prosperity.
“The record surge in remittances reflects expatriate Pakistanis’ valuable contributions and their confidence in the national economy,” the prime minister stated.
He said the upward economic indicators serve as a “manifestation of the government’s policies moving in the right direction.”
Policy Confidence Boosts Inflows: Khurram Schehzad
Khurram Schehzad, Adviser to the Finance Minister, described the remittances figure as “massive” in a post on social platform X (formerly Twitter). He credited the surge to increasing trust among overseas Pakistanis and the effectiveness of the government’s recent policy measures.
A study by the Asian Development Bank (ADB) last year had noted that migrant workers tend to send more money home when domestic economic indicators are positive, reinforcing the link between economic stability and remittance growth.
