PM Shehbaz Highlights Record-Breaking Remittance Contribution in FY2025
In a significant move to support the country’s economy and acknowledge the contributions of overseas Pakistanis, Prime Minister Shehbaz Sharif has directed the continuation of the Workers’ Remittances Incentive Scheme. The decision, announced through a statement from the PM House, reflects the government’s recognition of the vital role played by Pakistanis living abroad in national development.
PM Shehbaz instructed the Ministry of Finance to release funds for the incentive scheme on a priority basis, ensuring that overseas workers and their families continue to benefit from the program. “Overseas Pakistanis are our strength and a valuable asset,” the Prime Minister remarked. He praised their dedication and the impact of their hard-earned remittances, which he said are “deeply valued by the nation.”
The Prime Minister noted that in fiscal year 2025, overseas Pakistanis helped Pakistan achieve a current account surplus for the first time in 14 years, with remittances hitting a record $38.3 billion. He emphasized that these inflows not only supported the country in paying off its rising import bill but also strengthened foreign exchange reserves.
State Bank Reports Strong Growth in Remittances
According to State Bank of Pakistan (SBP) data, the country received $3.4 billion in remittances in June 2025, reflecting a 7.9% increase year-on-year. Total remittances for the fiscal year amounted to $38.3 billion, representing a 26.6% growth over the previous year.
Saudi Arabia emerged as the top contributor, with $823.2 million, followed by the United Arab Emirates ($717.2 million), the United Kingdom ($537.6 million), and the United States ($281.2 million).
PM Shehbaz also reiterated the government’s commitment to removing barriers to remittance transfers by making the system “more efficient, accessible, and user-friendly.” He acknowledged the significant role of overseas workers and businessmen in fueling national progress and reaffirmed continued support for initiatives that benefit them and the national economy.
