KARACHI: Workers’ remittances to Pakistan rose sharply in December with inflows led by Saudi Arabia, according to State Bank of Pakistan data released on Friday, providing critical support to the country’s foreign exchange reserves and balance of payments.
Remittances, a key source of hard currency for Pakistan, have remained resilient despite global economic uncertainty, helping cushion the country’s current account, support the rupee and stabilize foreign exchange reserves at a time when Islamabad remains under an International Monetary Fund (IMF) bailout program.
According to the State Bank of Pakistan’s official data, workers’ remittances reached a record $38.3 billion in fiscal year 2024-25 (July 2024–June 2025), up from about $30.3 billion the year before, reflecting strong labor migration to Gulf countries and improved formal banking channels. Economists say remittances are especially vital for Pakistan because they finance imports, support household consumption and reduce reliance on external borrowing.
“Workers’ remittances recorded an inflow of $ 3.6 billion during December 2025,” the central bank said in a statement.
“In terms of growth, remittances increased by 16.5 and 12.6% on y/y and m/m basis respectively.”
