Tajik opposition files international lawsuit accusing government of crimes against humanity
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In March 2025, workers’ remittance inflow to Pakistan was recorded at $4.1bn, reflecting a growth of 37.4% year-on-year, the State Bank of Pakistan said in a press release. Workers’ remittances crossed the $4bn mark for the first time.
The top four sources of remittances last month were Saudi Arabia, the UAE, the UK and the US.
Remittances during the first nine months (July to March) of FY 2024-2025 came in at $28bn, up 33.2% compared to $21bn during the same period in the previous fiscal year.
During the July to March period, the top four sources of remittances were Saudi Arabia, the UAE, the UK and the US. Saudi Arabia contributing $987.3mn, the UAE $842.1mn, the UK at $683.9mn and the US at $419.5mn.
Due to the increase in the remittances in nine months, the central bank has revised Pakistan’s annual remittance forecast from $36bn to $38bn for the ongoing FY 2024-2025, Profit said in a report.
The SBP governor, during an event, said that the central bank’s foreign exchange reserves were expected to reach $14bn by June 2025, up from an earlier estimate of $13bn, Profit reported.
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