Workers’ remittances fall to $3bn in April

MG News | May 09, 2025 at 03:46 PM GMT+05:00

0:00

May 09, 2025 (MLN): Pakistan’s workers’ remittances reached around $3.2 billion in April 2025, according to data released by the State Bank of Pakistan (SBP) today.

This represents a 30.9% YoY increase compared to April 2024 and a 27.3% fall from the previous month.

Cumulatively, with an inflow of $24bn, workers’ remittances increased by 32.5% during Jul-Feb, FY25 compared to $30.25bn received during Jul-Apr FY24.

Remittances inflows during April 2025 were mainly sourced from Saudi Arabia ($20.9 million), United Arab Emirates ($657.6 million), United Kingdom ($535.3 million) and the United States of America ($302.4 million).

It is important to note that remittance inflows in March reached $4.1bn, supporting the external balance. Monthly inflows are currently averaging $3bn and are expected to stay above this level in the final quarter of FY25, said SBP Governor Jameel Ahmad stated during a post-MPS analyst briefing earlier this week.

Full-year remittances are projected to exceed $38bn, further strengthening the current account, which is now expected to post a surplus for FY25, he added.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	157,132.10 429.92M	3.39% 5159.10
ALLSHR	93,566.86 763.32M	2.62% 2388.00
KSE30	48,302.97 218.66M	4.27% 1976.50
KMI30	220,798.52 207.58M	4.07% 8628.34
KMIALLSHR	59,988.53 433.51M	2.75% 1606.15
BKTi	46,193.08 61.76M	4.26% 1887.06
OGTi	30,193.10 21.94M	3.73% 1086.31

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,705.00	69,740.00 66,530.00	-2775.00 -3.99%
BRENT CRUDE	82.40	82.57 78.38	4.66 5.99%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-7.85 -7.32%
ROTTERDAM COAL MONTHLY	135.00	135.00 129.00	16.20 13.64%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	75.54	75.73 70.41	4.31 6.05%
SUGAR #11 WORLD	14.05	14.05 13.94	0.14 1.01%