Karachi: State Bank of Pakistan (SBP) said on Monday that the remittances of Pakistan workers in March 2025 reached a high of $ 4.1 billion, first marked that the monthly flow has crossed a $ 4 billion milestone.
This historic flow is shown by this historic flow from March 2024 to 37.3% year-on-year and 29.8% month-month compared to February 2025. This is the highest level of monthly dispatch recorded in the history of the country.
According to Mustansir, director of Research and Business Development at Taurus Securities Limited, there was an increase by seasonal flow during Ramadan and Eid.
He said, “In addition, amidst the fall in domestic inflation and the increase in actual income, remittances have also arisen due to the better economic health of the sending countries. In addition, the number of registered foreign workers may also increase,” he said. Theaws.com.pk,
Cumulatively, workers sent $ 28 billion during the first nine months of the current financial year (July-March FY25), reflecting an increase of more than $ 21.0 billion than $ 21.0 billion received during the respective periods of FY24.
Record flow in March was operated by remittance from Saudi Arabia ($ 987.3 million), United Arab Emirates ($ 842.1 million), United Kingdom ($ 683.9 million), and the United States ($ 419.5 million).
Pakistan records records historic $ 4.1BN in march dispatch
These four countries had about 72% of the total flow during the month.
In GCC countries, the UAE showed extraordinary growth, with a 54% year-to-year growing, was supported on a large scale Dubai ($ 665.2 million) and Abu Dhabi ($ 151.1 million), up to 54% and 35% respectively.
Saudi Arabia remained the largest contributor in March with 35% year-on-year growth. Meanwhile, the UK recorded an increase of 48%, and the US saw a 12% growth compared to this month last year.
Other notable contributions came from the European Union countries ($ 426.7 million, 38% Yoy), Germany and Italy recorded a faster growth of 34% and 30% respectively. Australia and Malaysia also recorded an increase of 43% and 10% year after year.
