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Remittances drop to $3.2bn in April, but Jul-Apr inflows jump record 31%

KARACHI: Pakistan received $3.2 billion in workers’ remittances in April 2025, according to data released by the State Bank of Pakistan (SBP).

While inflows rose 13.1% compared to the $2.81 billion received in April last year, they were down 22% from March, when remittances stood at $4.1 billion.

During the first ten months of the current fiscal year (Jul-Apr FY25), total remittances rose 31% to $31.2 billion, up from $23.9 billion in the same period last year.

Remittances are a key source of foreign exchange for Pakistan, helping to support the external account and boost household incomes.

Prime Minister Shehbaz Sharif has expressed satisfaction over the 31% rise in remittances during the first ten months of the current fiscal year.

“The increase reflects the deep patriotism of overseas Pakistanis and their trust in the country’s economic policies,” the premier said in a statement while hailing the role of expatriates in strengthening the country’s economy.

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