Pakistan receives $3.4bn remittances in October

ISLAMABAD: The State Bank of Pakistan (SBP) said on Friday that Pakistan received remittances worth $3.4 billion in October 2025, marking an increase of 12% year-on-year and 7% month-on-month.

In a statement, the central bank said that the cumulative inflow during July-October FY26 reached $13 billion, up 9.3% from $11.9 billion recorded in the same period last year.

Remittances in October were mainly sourced from Saudi Arabia ($820.9 million), the United Arab Emirates ($697.7 million), the United Kingdom ($487.7 million), and the United States ($290 million), the SBP added.

Prime Minister Shehbaz Sharif lauded overseas Pakistanis for their contributions, saying the consistent rise in remittances reflected their trust in the government’s policies.

“Overseas Pakistanis are our invaluable assets, serving the nation by sending their hard-earned money,” the premier said in a statement issued on Friday.

He expressed hope that the positive trend would continue, helping stabilise Pakistan’s external account and strengthening foreign exchange reserves.