Pakistan Remittances Surge to $4.1 Billion in March

Pakistan's workers' remittances hit a record high of $4.1 billion in March 2025, marking a 37.3% year-on-year increase and a 29.8% rise from February 2025. This surge is attributed to economic migration, seasonal inflows during Ramadan and Eid, and increased confidence in the Pakistani Rupee's stability. The remittances primarily came from Saudi Arabia, UAE, UK, and the US, accounting for 72% of the total. The State Bank of Pakistan noted that remittances for the first nine months of FY25 reached $28 billion, a 33.2% increase from the previous year. The growth is also supported by improved economic conditions in sending countries and a crackdown on informal currency trading. The SBP now forecasts remittances for FY25 to reach $38 billion, contributing to Pakistan's economic recovery and foreign exchange reserve stability.