ISLAMABAD: Prime Minister Shehbaz Sharif on Friday expressed heartfelt gratitude to overseas Pakistanis after foreign remittances surpassed $3.4 billion in October 2025, marking a 12% year-on-year increase.
Trust in Government Policies
In a statement, PM Shehbaz said that the steady rise in remittances reflected the strong trust that overseas Pakistanis have in the government’s economic policies and direction.
“Overseas Pakistanis are our invaluable assets, serving the nation and the country by sending their hard-earned money,” he remarked.
Government’s Focus on Economic Stability
The prime minister reaffirmed that the government remains committed to strengthening the economy, facilitating formal banking channels, and ensuring policies that encourage expatriates to continue contributing to Pakistan’s development.
The surge in remittances is expected to ease pressure on the external account and bolster the country’s foreign exchange reserves amid ongoing efforts to stabilize the economy.
SBP reports 12% increase in remittances
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.
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.
