Overseas Pakistanis Set New Record by Sending $35 Billion in 11 Months
In a remarkable show of loyalty and support, overseas Pakistanis have sent a record $35 billion in remittances back home in just 11 months. This historic achievement highlights the critical role of Pakistan’s global diaspora in supporting the country’s fragile economy. Despite global inflation and economic uncertainties, overseas Pakistanis have continued to stand with their homeland, contributing generously and consistently.
Monthly Breakdown of Remittances
According to data released by the State Bank of Pakistan (SBP), the country witnessed consistent inflows from January to May 2025. April and May showed especially strong growth, with monthly inflows crossing $3.2 billion and $3.4 billion respectively.
The highest contributions came from:
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Saudi Arabia
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United Arab Emirates (UAE)
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United Kingdom
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United States
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Canada
Remittances from Gulf Cooperation Council (GCC) countries made up a significant portion of the total, underlining the continued financial contribution of laborers, professionals, and expatriates from the Middle East.
Reasons Behind the Surge
Several key factors have contributed to this impressive growth:
1. Patriotic Sentiment and Economic Challenges
Many overseas Pakistanis are aware of the tough economic conditions back home. High inflation, political uncertainty, and currency devaluation have motivated them to send more money to support their families and communities.
2. Government Incentives and Digital Platforms
Initiatives like the Roshan Digital Account (RDA) and Pakistan Remittance Initiative (PRI) have made it easier and more rewarding to send money through formal banking channels. These platforms also offer investment opportunities in Naya Pakistan Certificates, encouraging overseas Pakistanis to invest more.
3. Shift from Informal to Formal Channels
Strict regulation of the hawala/hundi system and better exchange rates in official channels have boosted formal remittance flows. More and more expatriates are choosing to use official banking systems, ensuring their contributions are counted in national statistics.
Impact on Pakistan’s Economy
This record-breaking $35 billion in remittances has had a major positive effect on Pakistan’s economy:
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Strengthening Foreign Reserves: The inflow has helped build the SBP’s foreign exchange reserves, improving Pakistan’s financial credibility on global platforms.
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Supporting the Balance of Payments: With the current account under pressure, remittances have become the country’s largest source of foreign income, easing the balance of payments crisis.
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Stabilizing the Pakistani Rupee: A steady stream of US dollars from abroad has provided support to the PKR, preventing further devaluation.
Role of Overseas Pakistanis
This achievement would not have been possible without the continuous hard work, love, and commitment of overseas Pakistanis. Despite dealing with challenges like inflation, job insecurity, and strict immigration rules in foreign countries, they continue to put their homeland first.
Overseas Pakistanis not only send money for household needs but also:
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Invest in real estate and startups
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Donate to charitable causes
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Fund community development projects
Their role goes beyond economics — it’s a show of unwavering national spirit.
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Government and SBP Response
The Government of Pakistan and the State Bank of Pakistan have both praised the diaspora for this exceptional achievement. Prime Minister and SBP officials have issued statements thanking expatriates for their trust and support.
To ensure this momentum continues, the government is considering:
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Introducing new savings and investment opportunities for non-resident Pakistanis.
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Offering tax incentives and rewards for regular users of formal banking channels.
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Organizing overseas conventions to hear the concerns of Pakistani communities abroad.
Challenges and Concerns
Despite this positive trend, there are some challenges that need to be addressed:
1. Rising Living Costs Abroad
Inflation in countries like the US, UK, and the Gulf is affecting the disposable income of overseas Pakistanis, which may impact future remittance flows.
2. Currency Fluctuations
Overseas workers often suffer losses due to poor PKR exchange rates and hidden fees in remittance transfers, discouraging them from sending higher amounts.
3. Lack of Investment Channels
Many Pakistanis abroad are willing to invest in the country, but limited trustworthy investment opportunities and regulatory hurdles create roadblocks.
The government must address these concerns if it wants to sustain and grow this financial support from the diaspora.
Future Outlook
Experts believe that the total remittances for the full fiscal year 2024-25 could cross $38 billion if the current trend continues. There is also growing optimism that Roshan Digital Accounts and blockchain-based remittance solutions may further ease money transfers and encourage new senders.
With proper planning, policies, and engagement, Pakistan can aim to make overseas remittances a permanent pillar of economic growth.
Conclusion
The $35 billion milestone set by overseas Pakistanis in just 11 months is more than just a number — it is a symbol of love, responsibility, and patriotism. At a time when the country is struggling with economic and political instability, this support is a much-needed lifeline.
It is now the duty of the government to reciprocate this trust by creating more transparent, secure, and rewarding systems that benefit both the senders and the national economy.
FAQs
Why are overseas Pakistanis sending more money to Pakistan?
They are motivated by patriotic feelings, family responsibilities, and better digital platforms like Roshan Digital Accounts.
What is the impact of remittances on the economy?
Remittances strengthen foreign reserves, stabilize the currency, and support the balance of payments.
Which countries send the most remittances to Pakistan?
Saudi Arabia, UAE, UK, USA, and Canada are the top contributors.
How can Pakistan sustain high remittance inflows?
By improving exchange rates, offering investment options, and maintaining trust through digital and secure platforms.
