Pakistan's remittances stay strong in H1 of FY 2025: central bank-Xinhua

Pakistan's remittances stay strong in H1 of FY 2025: central bank

Source: Xinhua

Editor: huaxia

2025-01-10 21:02:30

ISLAMABAD, Jan. 10 (Xinhua) -- Remittances by overseas Pakistani workers in the first half of the current fiscal year from July 2024 to June 2025 witnessed an upward trajectory compared to the corresponding period of the previous year, the State Bank of Pakistan (SBP) said on Friday.

With an inflow of 17.8 billion U.S. dollars, the workers' remittances increased 32.8 percent, the central bank said.

The inflows were mainly from Saudi Arabia, the United Arab Emirates, Britain and the United States.

Pakistani Prime Minister Shehbaz Sharif said that the record increase in remittances reflected the strong commitment of overseas Pakistanis to play their roles in the country's development.

"After achieving economic stability, Pakistan is now on the path of economic growth, and the government is determined to ensure national development and public welfare," the prime minister said.