Pakistan received $3 billion in remittances in January 2025, showing a 25.2% increase compared to the same month last year. This also marks the fourth month in a row where the country has seen a current account surplus.
From July 2024 to January 2025 (7MFY25), total remittances stood at $20.8 billion, which is 31.7% higher than the $15.8 billion received during the same period last year. Most of this money came from Pakistanis living in Saudi Arabia, the UAE, the UK, and the US.
Experts believe that this growth will continue, and remittances for the full FY25 might cross $35 billion. However, some are concerned about a possible brain drain, as more skilled workers leave the country but continue to send money back home.
Despite this concern, the increase in remittances is helping Pakistan’s economy, strengthening its financial position and supporting families who rely on money from abroad.
The steady flow of remittances is also reducing pressure on Pakistan’s external accounts, providing some relief in managing its economic challenges.
American Dollar Exchange Rate