- 9MFY25 transfers are rising to $ 28 billion.
- March Inflow up to 30 pcs. Month of the month.
- Britain and OS also released strong growth.
Karachi: Pakistan’s workers’ transfers rose to a highlight of constantly $ 4.1 billion in March 2025, which first marked that monthly influxes have crossed the $ 4 billion milestone, the State Bank of Pakistan (SBP) said Monday.
This historic influx represents an increase of 37.3% from year to year from March 2024 and a 29.8% month-to-month increase compared to February 2025. It is the highest level of monthly transfers ever registered in the country’s history.
According to Mustafa Mustansir, Director of Research and Business Development at Taurus Securities Limited, the wave was helped by seasonal influxes under Ramadan and Eid.
“Apart from that, transfers have also been obtained because of the better economic health of the consignment countries, in the midst of declining domestic inflation and increase in real incomes. Also the number of registered overseas workers may also be on the rise,” he told Pakinomist.tv.
Cumulatively, workers sent $ 28 billion home during the first nine months of the current fiscal year (Jul-Mar FY25), reflecting a significant increase of 33.2% over the $ 21.0 billion received in the corresponding period of FY24.
The March record is primarily driven by transfers from Saudi Arabia ($ 987.3 million), United Arab Emirates ($ 842.1 million), Britain ($ 683.9 million) and the United States ($ 419.5 million).
These four countries accounted for nearly 72% of the total influx over the month.
Among GCC countries, UAE showed unique growth, with transfers increasing by 54% years to year, largely supported by influx from Dubai ($ 665.2 million) and Abu Dhabi ($ 151.1 million), 54% and 35% respectively.
Saudi Arabia remained the largest contributor with an increase of 35% year to year in March. Meanwhile, Britain announced an increase of 48% and the United States experienced a 12% gain compared to the same month last year.
Other notable contributions came from EU countries ($ 426.7 million, an increase of 38% yoy), with Germany and Italy to detect sharp increases of 34% and 30% respectively. Australia and Malaysia also published a solid growth year to year of 43% and 10%.
