ISLAMABAD: Pakistan received $3.42 billion in worker remittances during October 2025, the State Bank of Pakistan (SBP) reported on Friday. The figure represents an 11.9% year-on-year increase from $3.05 billion in October 2024 and a 7.4% month-on-month rise from $3.18 billion in September 2025.
Saudi Arabia and UAE Lead the Surge
The growth was primarily fueled by robust inflows from Saudi Arabia, contributing $820.9 million. The United Arab Emirates followed with $697.7 million, including $553.3 million from Dubai and $117.6 million from Abu Dhabi.
Major Contributions from the UK, EU, and US
Remittances from the United Kingdom reached $487.7 million, while the European Union collectively sent $457.4 million. Italy ($153.5 million), Germany ($70.8 million), and Spain ($72.4 million) were the leading contributors. The United States also remained a significant source, with $290 million in inflows.
Consistent Support from Other Corridors
Other GCC nations contributed $342.2 million, with Oman ($122.2 million), Qatar ($97.4 million), and Kuwait ($74.9 million) among the top senders. Additional inflows came from Australia ($87.8 million), Canada ($68.5 million), South Africa ($24 million), and Malaysia ($13.9 million), further boosting the total.
Improved Transfers and Stable Exchange Rate Support Growth
According to the SBP, the sustained rise in remittances reflects overseas Pakistanis’ strong preference for formal banking channels. Enhanced digital transfer systems and exchange rate stability have played a key role in supporting this growth.
Positive Impact on External Accounts
The higher inflows are expected to ease pressure on Pakistan’s external account, strengthen foreign exchange reserves, and provide relief amid import and debt servicing demands.
