Pakistan's remittances rise to 3.7 bln USD in May-Xinhua

Pakistan's remittances rise to 3.7 bln USD in May

Source: Xinhua

Editor: huaxia

2025-06-11 20:28:15

ISLAMABAD, June 11 (Xinhua) -- Pakistan received its overseas workers' remittances worth 3.7 billion U.S. dollars in May 2025, marking a 16 percent increase compared to the previous month, the State Bank of Pakistan (SBP) said Tuesday.

The inflows also rose 13.7 percent year-on-year, the central bank said in a statement.

From July to May of the ongoing fiscal year 2024-25, remittances reached 34.9 billion dollars, showing a growth of 28.8 percent compared to 27.1 billion U.S. dollars recorded in the same period last year, according to official data.

Major sources of remittances during May included Saudi Arabia (913.9 million U.S. dollars), the United Arab Emirates (754.2 million U.S. dollars), Britain (588.1 million U.S. dollars), and the United States (314.7 million U.S. dollars), the SBP added.

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