Pakistan has witnessed an extraordinary 26.6% increase in remittances, which have now reached $38.3 billion in FY2024-25, accounting for nearly 8% of the country’s GDP.
Speaking at the occasion of ACE Money Transfer’s integration with Easypaisa and JazzCash, ACE CEO Rashid Ashraf emphasized that millions of families in Pakistan rely almost entirely on remittances. “This single source enables them to pay school fees, afford medicines, and secure daily food supplies,” he said, adding that the integration aims to enhance digital accessibility across the country.
Ashraf highlighted that remittances play a key role in stabilizing the economy and hold the potential to grow even further. “This human connection is one of Pakistan’s greatest economic lifelines,” he noted.
He further pointed out that Pakistan is among the world’s leading remittance-receiving countries. In March alone, overseas Pakistanis sent $4.1 billion, marking the highest monthly inflow on record. This has made remittances the most reliable source of foreign exchange, surpassing exports and foreign aid in consistency and stability.
