Monthly inflows hit $3.7 billion; cumulative FY2024–25 remittances approach $35 billion
KARACHI: The State Bank of Pakistan (SBP) has reported a strong uptick in workers’ remittances for May 2025, with inflows reaching $3.7 billion, marking a 16% increase from the previous month (April 2025).
According to the SBP, Pakistan received a total of $34.9 billion in remittances during the first 11 months of the fiscal year 2024–25, reflecting a significant rise from the $27.1 billion recorded during the same period of the previous fiscal year (2023–24). This represents a 28.8% year-on-year increase.
In comparison to May 2024, remittances in May 2025 registered a 13.7% annual growth, highlighting a sustained upward trend in inflows from overseas Pakistanis.
Top Remittance Sources – May 2025
- Saudi Arabia: $913.9 million
- United Arab Emirates (UAE): $754.2 million
- United Kingdom: $588.1 million
- United States: $314.7 million
These four countries remain the dominant sources of remittance inflows, accounting for a substantial portion of the monthly total.
Rising Debt Raises Financial Concerns
In a separate report, the SBP flagged concerns about the growing federal government debt, which reached Rs73.69 trillion as of March 2025, marking a 12.7% year-on-year increase from Rs65.38 trillion in March 2024.
On a month-on-month basis, federal debt rose by 0.9%, adding Rs652 billion in just one month.
The central bank also highlighted a sharp rise in domestic debt, which surged 18.6% year-on-year — from Rs43.43 trillion in March 2024 to Rs51.52 trillion in March 2025.
These figures have sparked renewed concern over the country’s fiscal stability, with analysts calling for comprehensive reforms to manage both public debt and external obligations more sustainably.
