Prime Minister Shehbaz Sharif expressed his satisfaction on Wednesday as data showed that workers\u2019 remittances increased by 26.6 per cent to hit a record $38.3 billion during the fiscal year 2025 as compared to the corresponding period of last year.<\/p>\n
The State Bank of Pakistan said remittances reached $38.3bn during July-June 2024-25, as compared to the $30.3bn<\/a> in remittances received during the same period for FY2023-24.<\/p>\n Similarly, on a year-by-year basis, the workers\u2019 remittances went up by 7.9pc to $3.406bn in June 2025, compared to $3.158bn during the same month last year.<\/p>\n Data showed that Saudi Arabia ($823.2m) and the United Arab Emirates ($717.2m) were the biggest sources of remittance inflows during June 2025, followed by the United Kingdom ($537.6m) and the United States ($281.2m).<\/p>\n A statement from the Prime Minister\u2019s Office said the premier was pleased at the development, saying that the government was committed to economic prosperity after bringing economic stability, the Associated Press of Pakistan reported.<\/p>\n \u201cThe record surge in remittances reflects expatriate Pakistanis\u2019 valuable contributions and their confidence in the national economy,\u201d he added.<\/p>\n He expressed the opinion that the recent positive economic indicators were a \u201cmanifestation of the government\u2019s policies in the right direction\u201d.<\/p>\n Adviser to the Finance Minister Khurram Schehzad termed the record remittances \u201cmassive\u201d in a post<\/a> on X and added that the feat \u201creflects growing trust of overseas Pakistanis in the economy and policy measures\u201d.<\/p>\n A study<\/a> published by the Asian Development Bank last year found<\/a> that Pakistani migrants tend to remit more when economic conditions are improving back home, and when there is a positive association between remittances and domestic economic activity.<\/p>\n","protected":false},"excerpt":{"rendered":"Prime Minister Shehbaz Sharif expressed his satisfaction on Wednesday as data showed that workers\u2019 remittances increased by 26.6…\n","protected":false},"author":2,"featured_media":251588,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1700,16,15],"class_list":{"0":"post-251587","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/251587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=251587"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/251587\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/251588"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=251587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=251587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=251587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}