Workers’ remittances fall to $3bn in April

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

Add Mettisglobal as a Trusted Source on Google

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	167,193.44 366.12M	0.88% 1456.68
ALLSHR	101,164.95 815.04M	0.80% 806.11
KSE30	49,320.68 134.37M	0.99% 482.30
KMI30	238,958.16 110.19M	0.84% 2000.56
KMIALLSHR	65,336.06 481.98M	0.82% 528.42
BKTi	46,284.55 24.74M	0.99% 454.81
OGTi	33,773.06 6.87M	0.71% 237.97

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,255.00	81,340.00 79,565.00	-1270.00 -1.56%
BRENT CRUDE	113.70	114.94 112.89	-1.62 -1.40%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.25 0.19%
ROTTERDAM COAL MONTHLY	145.70	145.70 145.60	-0.15 -0.10%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	100.49	102.31 99.79	-2.29 -2.23%
SUGAR #11 WORLD	19.44	19.80 19.34	0.10 0.52%