Remittances sent by overseas Pakistanis increased by 16 percent year-on-year (YoY) to $3.7 billion during May 2025, according to latest data by the State Bank of Pakistan (SBP).
The remittances during the month were also higher by 13.7 percent on a year-on-year basis. The increase during the month was primarily driven by higher amounts sent by overseas Pakistanis due to Eid-ul-Azha.
The remittances number for May 2025 is the second highest on record, only behind remittances of $4.2 billion recorded in Marcy 2025.
The May 2025 inflows pushed the remittances for 11MFY25 to $34.9 billion, a record number for the 11-month period. For 11MFY25, remittances have increased by a whopping 28.8 percent compared to inflows over $27.1 billion in 11MFY24.
Remittances inflows during May 2025 were mainly sourced from Saudi Arabia ($913.9 million), United Arab Emirates ($754.2 million), United Kingdom ($588.1 million) and United States of America ($314.7 million).
Editorial & Legal Practice Group
Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.
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