{"id":26062,"date":"2025-11-10T04:36:53","date_gmt":"2025-11-10T04:36:53","guid":{"rendered":"https:\/\/gsrra.com\/?p=26062"},"modified":"2025-11-10T04:36:56","modified_gmt":"2025-11-10T04:36:56","slug":"pakistan-receives-3-4bn-in-remittances-in-october-2025","status":"publish","type":"post","link":"https:\/\/gsrra.com\/?p=26062","title":{"rendered":"Pakistan receives $3.4bn in remittances in October 2025"},"content":{"rendered":"\n

The inflow of overseas workers\u2019 remittances into Pakistan stood at $3.4 billion in October 2025, the State Bank of Pakistan (SBP) data showed on Friday.<\/strong><\/p>\n\n\n\n

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<\/canvas>Remittances increased by nearly 12% year-on-year (YoY), compared to $3.1 billion recorded in the same month last year. Every month, remittances were up over 7%, compared to\u00a0$3.2 billion in September<\/a>.<\/p>\n\n\n\n

During the first four months of the fiscal year (4MFY26), remittance inflows stood at $12.9 billion, as compared to $11.9 billion in 4MFY25, a jump of 9.3%.<\/p>\n\n\n\n

Remittances play a significant role in supporting the country\u2019s external account, stimulating Pakistan\u2019s economic activity, and supplementing the disposable incomes of remittance-dependent households.<\/p>\n\n\n\n

Meanwhile, the government promotes remittances through incentives and formal channels to sustain steady growth and ensure their role in economic stability.<\/p>\n\n\n\n

In a statement, Prime Minister Shehbaz Sharif expressed gratitude to overseas Pakistanis for the rise in remittances during October.<\/p>\n\n\n\n

\u201cThe gradual increase in remittances reflects the confidence of overseas Pakistanis in the government\u2019s policies,\u201d he said, adding that they are the country\u2019s most valuable asset.<\/p>\n\n\n\n

Back in August, SBP noted that since 2009<\/a>, the Pakistan Remittance Initiative (PRI) has been working towards the enhancement of home remittances through formal channels in Pakistan. As a result of active engagements with financial institutions (FIs), the number of FIs on the PRI network has increased from around 25 in 2009 to more than 50 in 2024. The FIs include conventional banks, Islamic banks, microfinance banks, and Exchange Companies (ECs).<\/p>\n\n\n\n

Further, the Electronic Money Institutions (EMIs) are also allowed to receive home remittances by working through the banks. The number of international entities has increased from around 45 in 2009 to around 400 at present.<\/p>\n\n\n\n

Breakdown of remittances<\/strong><\/p>\n\n\n\n

Overseas Pakistanis in Saudi Arabia remitted the largest amount in October 2025 as they sent $821 million during the month. The amount was up 9% every month, and 7% higher than the $767 million sent by the expatriates in the same month of the previous year.<\/p>\n\n\n\n

Inflows from the United Arab Emirates (UAE) rose by 12% every year, from $621 million to $698 million in October 2025.<\/p>\n\n\n\n

Remittances from the United Kingdom (UK) amounted to $488 million during October 2025, up by 7% compared to $455 million in September 2025. YoY inflows from the UK were up by 13%.<\/p>\n\n\n\n

Overseas Pakistanis in the US sent $290 million in October 2025, a YoY decrease of 4%, but up 8% every month.<\/p>\n\n\n\n

Meanwhile, remittances from European Union (EU) countries totaled $457 million in October, a 27% increase year over year.<\/p>\n\n\n\n

Reference Link:- https:\/\/www.brecorder.com\/news\/40391402<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The inflow of overseas workers\u2019 remittances into Pakistan stood at $3.4 billion in October 2025, the State Bank of Pakistan (SBP) data showed on Friday. Remittances increased by nearly 12% year-on-year (YoY), compared to $3.1 billion recorded in the same month last year. Every month, remittances were up over 7%, compared to\u00a0$3.2 billion in September. […]<\/p>\n","protected":false},"author":1,"featured_media":26064,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"aside","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[2076,24877,3064,483,24073],"class_list":["post-26062","post","type-post","status-publish","format-aside","has-post-thumbnail","hentry","category-sample-category","tag-economy-2","tag-foreign-remittances-2","tag-overseas-pakistanis","tag-pakistan-2","tag-state-bank-of-pakistan-3","post_format-post-format-aside"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/26062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26062"}],"version-history":[{"count":1,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/26062\/revisions"}],"predecessor-version":[{"id":26065,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/26062\/revisions\/26065"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/media\/26064"}],"wp:attachment":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}