Remittances from overseas Pakistanis stood at $3.4 billion in October 2025.
According to data released by the State Bank of Pakistan (SBP) on Friday, this represents an annual increase of nearly 12% compared to $3.1 billion in the same month last year. Monthly remittances also rose by more than 7% from $3.2 billion in September 2025.
During the first four months of the current fiscal year (July–October), total remittances amounted to $12.9 billion, up from $11.9 billion during the same period last year, marking a 9.3% increase.
Remittances play a crucial role in supporting the country’s external accounts, stimulating economic activity, and boosting the disposable income of households that rely on them.
To ensure continued growth in remittances and their positive impact on economic stability, the government is promoting incentives and the use of formal channels.
According to SBP sources, the Pakistan Remittance Initiative (PRI), active since 2009, aims to promote remittances through formal channels. Active engagement with financial institutions (FIs) has expanded the PRI network from around 25 institutions in 2009 to over 50 in 2024, including conventional banks, Islamic banks, microfinance banks, and exchange companies (SCs). Additionally, Electronic Money Institutions (EMIs) are also authorized to receive remittances via banks. The number of international institutions has grown from approximately 45 in 2009 to around 400 currently.
Remittances by Country (October 2025)
- Saudi Arabia: Pakistanis sent $821 million, up 9% month-on-month and 7% year-on-year (compared to $767 million in October 2024).
- United Arab Emirates (UAE): Remittances rose 12% year-on-year, from $621 million to $698 million.
- United Kingdom (UK): $488 million was remitted, a 7% increase from $455 million in September 2025, marking a 13% annual increase.
- United States (US): Pakistanis sent $290 million, showing a 4% annual decline but an 8% month-on-month increase.
- European Union (EU) countries: Remittances totaled $457 million, reflecting a significant 27% year-on-year growth.
These figures underscore the continued importance of remittances in bolstering Pakistan’s economy and supporting households dependent on foreign income.
