Karachi (Web Desk/Agencies): In the first half of fiscal year 2024-25, Pakistan experienced a significant uptick in remittance inflows, with total receipts reaching US$ 17.845 billion, reflecting a robust growth of 32.8% compared to the US$ 13.4 billion recorded during the same period in FY24.
According to reports, December 2024 alone saw remittances of US$ 3.1 billion, marking a year-on-year increase of 29.3% from December 2023, as well as a 5.6% rise from November 2024.
The largest share of these remittances came from traditional markets, with substantial contributions from Saudi Arabia, the United Arab Emirates (UAE), the United Kingdom (UK), and the United States (US).
More specifically, remittances from Saudi Arabia amounted to US$ 770.6 million, while the UAE sent US$ 631.5 million, the UK US$ 456.9 million, and the US US$ 284.3 million.
Additionally, Pakistan benefited from diverse sources including US$ 310 million from other Gulf Cooperation Council (GCC) countries, US$ 360.3 million from EU nations, US$ 68.8 million from Australia, and smaller amounts from Malaysia and Norway.
These figures reflect a strong and diversified flow of financial support from expatriates globally, underscoring the continuing role of remittances as a critical element in Pakistan's economy.
