Karachi: The Workers’ Remittances in June, 2025 were recorded at US$ 3.4 billion in June 2025, the State Bank of Pakistan said in its official note issued here on July 9, 2025. • The central bank said iIn terms of growth, remittances increased by 7.9 percent on y/y basis. • During FY25, workers’ remittances rose by 26.6 percent to US$ 38.3 billion compared to US$ 30.3 billion in FY24. • Remittances during June 2025 were mainly sourced from Saudi Arabia ($823.2 million), United Arab Emirates ($717.2 million), United Kingdom ($537.6 million) and United States of America ($281.2 million).
With dwindling exports in FY 25 , Pakistan depending on worker remittances to meet its forex requirements and at the same time buildup its SBP reserves to meet the International Monetary Fund (IMF) demand. IMF had set a $ 14 billion forex reserves target for Pakistan to qualify for next tranche of $ 1.1 billion. Pakistan had followed a multi-pronged financial strategy to meet IMF requirement. With rising worker remittances and rollover of debt from China and Qatar made it easy for Pakistan to meet IMF demand to take its forex reserves to $ 14 billion by June 30 , 2025. This multi-pronged financial strategy has worked for Pakistan and with $ 14 plus forex reserves it hopes to get next IMF tranche by October this year.
Pakistan is also alert for its rising debt and its taking some measures to pay back loans with higher interest rates and get easy loans to meet its financial needs in the recent times. Islamabad’s new approach vis a vis its loans– domestic and foreign– may earn some light at the end of the tunnel in coming years.