PM lauds record $38.3b remittance inflow

Shehbaz Sharif attributes this achievement to valuable contributions of overseas Pakistanis and their trust in economy

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Prime Minister Shehbaz Sharif has expressed satisfaction over the record increase in remittances during the fiscal year 2024-25, according to Radio Pakistan.

The statement comes as the State Bank of Pakistan on Wednesday reported that workers' remittances for the fiscal year 2024-25 reached a record high of $38.3 billion, marking an increase of $8 billion, or 26.6%, compared to the $30.3 billion received in the previous year.

During FY25, workers’ remittances were recorded at US$38.3 billion, showing an increase of US$8.0 billion (i.e. 26.6 percent) over US$30.3 billion received in FY24.https://t.co/rPOvn9CTjf#SBPRemittances pic.twitter.com/DBXFN8FS4w

— SBP (@StateBank_Pak) July 9, 2025

Data revealed that Saudi Arabia ($823.2 million) and the United Arab Emirates ($717.2 million) were the largest contributors to remittance inflows in June 2025, followed by the United Kingdom ($537.6 million) and the United States ($281.2 million).

According to the Prime Minister's office, Sharif noted that overseas Pakistanis sent a total of $38.3 billion in remittances, marking an all-time high.

“This is $8 billion more than the remittances received during the fiscal year 2023-24,” the PM was quoted as saying. He described the 26.6% increase as a highly encouraging development, underlining the importance of such a significant rise.

وزیراعظم محمد شہباز شریف کا گزشتہ مالی سال میں تاریخ کی بلند ترین ترسیلاتِ زر ریکارڈ ہونے پر اظہارِ تشکر

"مالی سال 25-2024 میں بیرون ملک مقیم پاکستانیوں کی جانب سے ترسیلاتِ زر کی مد میں 38.3 ارب ڈالر بھیجے گئے۔ یہ مالی سال 24-2023 کے مقابلے میں 8 ارب زائد ہے، ترسیلاتِ زر میں… pic.twitter.com/HnjuZUlrEt

— Government of Pakistan (@GovtofPakistan) July 9, 2025

The PM attributed this achievement to the valuable contributions of overseas Pakistanis, emphasising that it is a clear reflection of their trust in Pakistan’s economy.

Further commenting on the country’s economic trajectory, he pointed to recent positive economic indicators, stating that they demonstrate the effectiveness of the government’s policies and their alignment with the right direction for economic progress.

He also reiterated the government’s strong commitment to transitioning from economic stability to sustainable economic growth, with a focus on long-term progress.