Remittances from overseas Pakistani workers declined by 22% on a month-to-month basis in April, amounting to $3.2 billion, according to data released by the State Bank of Pakistan (SBP) on Friday.
Despite the monthly dip, remittances showed a year-on-year increase of 13.1%, rising from $2.81 billion recorded in April last year.
For the first ten months of the current fiscal year (July to April, FY25), cumulative remittance inflows reached $31.2 billion—reflecting a 31% increase compared to the $23.9 billion received during the same period in FY24.
Remittances remain a vital pillar of Pakistan’s external sector, helping to support the balance of payments, stimulate domestic economic activity, and boost the disposable income of millions of remittance-dependent households.
Commenting on the trend last month, SBP Governor Jameel Ahmad noted that the robust inflow of remittances would help maintain a surplus in the current account for the full fiscal year. “There will be a substantial surplus, and this is the best performance on the external account in the last two decades,” he said.
