leads Pakistan September remittances as inflows rise to $3.2 billion

Pakistani customers enter a foreign currency exchange shop in Karachi, Pakistan, on October 14, 2010. (AFP/File)
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  • The inflows surged 11.3 percent year on year in Sept., reaching $9.5 billion in the first quarter of this fiscal year
  • Pakistan received a record $38.3 billion in remittances in last fiscal year, reporting an increase of about $8 billion

ISLAMABAD: Pakistan recorded worker remittances inflows of $3.2 billion in the month of September, the country’s central bank said on Thursday, with being the leading source with $750 million.

Remittances are a key pillar of Pakistan’s external finances, providing hard currency that supports household consumption, helps narrow the current-account gap and bolsters foreign exchange reserves. The steady pipeline from Gulf economies, led by and the UAE, has remained crucial for Pakistan’s balance of payments.

Remittance inflows in September increased by 11.3 percent on a year-on-year basis, according to the State Bank of Pakistan (SBP).

“Remittances inflows during September 2025 were mainly sourced from ($750.9 million), United Arab Emirates ($677.1 million), United Kingdom ($454.8 million) and United States of America ($269.0 million),” the SBP said in a statement.

Cumulatively, workers’ remittances increased by 8.4 percent to $9.5 billion during the first quarter of this fiscal year, compared to $8.8 billion received during the same period last year.

Pakistan received a record $38.3 billion in workers’ remittances during the last fiscal year, reporting an increase of about $8 billion over a 12-month period — exceeding the country’s ongoing $7 billion International Monetary Fund (IMF) loan program.

According to the SBP, led all contributors during FY25, with remittances totaling $9.34 billion, followed by the United Arab Emirates at $7.83 billion, the United Kingdom at $5.99 billion and the United States at $3.72 billion.

Remittances from Gulf Cooperation Council (GCC) countries excluding and the UAE totaled $3.71 billion, while EU countries contributed $3.53 billion.

These inflows help stabilize Pakistan’s economy and give policymakers breathing room during periods of tight external financing conditions.