State Bank Governor Jameel Ahmad on Monday said that remittances were expected to reach a record $4.1 billion during the month of March.
Remittances from overseas Pakistani workers soared by nearly 40 per cent year-on-year in February 2025, reaching $3.12bn.
Compared to January 2025, remittance inflows increased by 3.8pc, providing the much-needed financial support to the economy, government reserves and liquidity for importers.
For the first nine months of FY25 (July-March), total remittances reached $28.07bn, marking a substantial 33pc rise compared to the same period a year ago.
Speaking at the Pakistan Stock Exchange (PSX) today, the SBP chief highlighted that foreign reserves were now projected to exceed $14bn by June.
He also added that foreign debt repayment obligations stood at $26bn for FY25 — from which $16bn was expected to be rolled over or refinanced, reducing actual repayment pressure to around $10bn.
On a positive note, he noted that economic activity had “shown signs of revival”, adding that if agricultural had matched last year’s performance, the country’s GDP growth would have reached 4.2pc.
However, due to a weaker-than-expected agricultural season, GDP growth is now projected in the range of 2.5–3pc.
According to AKD Securities, inflows during March were mainly sourced from Saudi Arabia ($987m), UAE ($842m), UK ($684m), and US ($419m).
