- 9MFY25 Remittances increase to $ 28 billion.
- March is intertwined 30pc month by month.
- United Kingdom and the US also published strong growth.
Karachi: The remittances of Pakistan workers increased to a historical maximum of $ 4.1 billion in March 2025, marking the first time the monthly tickets have crossed the milestone of $ 4 billion, Pakistan State Bank (SBP) said Monday.
This historical entry represents an increase of 37.3% year -on -year since March 2024 and an increase of 29.8% month by month compared to February 2025. It is the highest level of monthly remittances never registered in the history of the country.
According to Mustafa Mustansir, Director of Business Research and Development at Taurus Securities Limited, the increase was helped by seasonal entries during Ramadan and EID.
“Apart from that, remittances have also been delayed due to the best economic health of the countries they send, in the midst of the fall in internal inflation and the increase in real income. In addition, the number of workers abroad registered may also be increasing,” he said. PakGazette.tv.
Accumulatively, the workers sent $ 28 billion to the house during the first nine months of the current fiscal year (Jul-Mar Fiscal Year 2015), which reflects a substantial increase of 33.2% over the $ 21.0 billion received during the corresponding period of the FY24.
The tickets registered in March were mainly driven by remittances of Saudi Arabia ($ 987.3 million), the United Arab Emirates ($ 842.1 million), the United Kingdom ($ 683.9 million) and the United States ($ 419.5 million).
These four countries represented almost 72% of the total tickets during the month.
Among the CCG countries, the EAU showed exceptional growth, with remittances that increased 54% year -on -year, largely backed by Dubai tickets ($ 665.2 million) and Abu Dhabi ($ 151.1 million), 54% more and 35% respectively.
Saudi Arabia remained the largest taxpayer, with an interannual increase of 35% in March. Meanwhile, the United Kingdom registered an increase of 48%, and the United States saw a 12% gain compared to the same month last year.
Other notable contributions came from EU countries ($ 426.7 million, an year -on -year increase), with Germany and Italy registering strong increases of 34% and 30% respectively. Australia and Malaysia also registered a solid year -on -year growth of 43% and 10%.
