Pakistan’s remittances to cross $36bn this year, says Khurram Schehzad

MG News | March 11, 2025 at 09:50 AM GMT+05:00

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March 11, 2025 (MLN): Pakistan's remittances may easily surpass $36 billion this year—a historic milestone in the country's history, both in absolute terms and as a percentage of GDP, said Khurram Schehzad, Advisor to the Finance Minister, in a series of tweets.

Workers’ remittances to Pakistan recorded a massive inflow of $3.1bn in February 2025, reflecting a remarkable 39% growth compared to February 2024.

With Ramazan/Eid and then Eid-ul-Adha approaching, inflows are expected to rise further, likely pushing the average above $3bn per month for the remainder of the fiscal year.

Cumulative inflows from July to February FY25 now stand at $24bn, up 33% from $18.1bn during the same period last year.

An interesting aspect is that the monthly average inflow of remittances has remained around $3bn since the start of this fiscal year.

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