Pakistan, which is struggling with dollar deficiency, has received a record of US $ 4.1 billion wealth in March. Which is the most monthly flow ever. Till date, Pakistanis living on foreign soil in Pakistan in any month did not send so much money. With the increase in Remittens, there is a celebration -like atmosphere in Pakistan. According to experts, Pakistan has received a lot of money from Remittens in the financial year. Due to which the economy of the country is expected to be promoted and foreign exchange reserves have also increased significantly. Let us also tell you what kind of figures have come up in Pakistan about Remittens.
Some such figures came
State Bank of Pakistan Head Jamil Ahmed, while addressing an event on Monday in the Pakistan Stock Exchange (PSX), said that the remedies sent by Pakistani workers living abroad have increased year-on-year in February 2025, which has reached US $ 3.12 billion with an increase of 3.8 percent compared to January 2025. He said that this is the first time that in any one month, the Remitten has crossed the US $ 4 billion limit. He said that in March last year, it saw an increase of 37 percent year-on-year compared to US $ 2.95 billion. Statistics have shown that the Remittens reached US $ 28.07 billion in the first nine months of FY 2025 (July-March)-which was 21.04 billion US dollars in the same period a year ago.
Pakistan’s economy benefits
Ahmed confirmed that the increase in this remedy provided significant support to the liquidity for economy, foreign exchange reserves and importers. The SBP chief said that by June, foreign exchange reserves would exceed US $ 14 billion, he said that the foreign loan liability for FY25 was US $ 26 billion, the government hopes that US $ 16 billion would be carried forward or refinance. Due to which the net repayment pressure will be reduced by about 10 billion US dollars. He also highlighted the signs of economic reform, but said that the total GDP growth for FY25 is expected to be around 3 percent, less than 4.2 percent of estimates. He said that the decrease in GDP goals was due to low agricultural production.
What did Pakistani PM say…
Pakistan has been struggling to bring its payment balance to a permanent level for many years, but it has not got any special success in it. As a result, the country had to go to the International Monetary Fund for loan. Last year, Pakistan received US $ 7 billion from this fund, helping them to avoid default. Apart from this, Prime Minister Shahbaz Sharif described the record increase in Remittens as a reflection of his trust in the government’s policies. Addressing the conference of migratory Pakistanis in Islamabad, Sharif said that Remittens reflect the dedication, passion and trust of migratory Pakistanis in the country’s economy and government policies.