According to figures released Monday by the State Bank of Pakistan (SBP), remittances to Pakistan totaled $3.1 billion in February 2025, a 38.6% year-over-year (YoY) increase over the $2.2 billion received in the same month the previous year and a 3.8% increase over January.
The International Monetary Fund (IMF) bailout, the stable rupee, incentives for banks and exchange companies, and the increasing trend of skilled Pakistani workers leaving the country are all factors contributing to the economic recovery, according to analysts.
Remittances sent home by foreign workers totaled $24.0 billion between July and February (8MFY25), a staggering 32.5% increase over the $18.1 billion sent during the same period the previous year.
Reforms, the SBP’s incentives, and the reduction of illicit foreign exchange trading are the main drivers of the increase in inflows.
