Workers’ remittances to Pakistan reached a record $4.1 billion in March 2025, according to the State Bank of Pakistan (SBP) on Monday. This is the first time that monthly remittances have exceeded $4 billion.

The historic inflow shows a 37.3% increase compared to March 2024, and a 29.8% increase compared to February 2025. This is the highest amount of monthly remittances ever recorded in the country.

Mustafa Mustansir, Director of Research and Business Development at Taurus Securities Limited, said that the increase was supported by seasonal inflows during Ramadan and Eid.

He added that remittances have increased because of the improved economic conditions of the countries sending money, as well as decreasing domestic inflation and increasing real incomes. Additionally, the number of registered overseas workers may be rising.

Workers sent home a total of $28 billion during the first nine months of the current fiscal year (Jul-Mar FY25), which is a 33.2% increase over the $21.0 billion received during the same period in FY24.

The record inflows in March were mainly from Saudi Arabia ($987.3 million), the United Arab Emirates ($842.1 million), the United Kingdom ($683.9 million), and the United States ($419.5 million).

These four countries accounted for nearly 72% of the total inflows during the month.

Among GCC countries, the UAE showed exceptional growth, with remittances increasing by 54% year-on-year, largely supported by inflows from Dubai ($665.2 million) and Abu Dhabi ($151.1 million), up 54% and 35% respectively.

Saudi Arabia remained the single largest contributor, with a 35% year-on-year increase in March. Meanwhile, the UK posted a 48% rise, and the US saw a 12% gain compared to the same month last year.

Other notable contributions came from EU countries ($426.7 million, up 38% YoY), with Germany and Italy registering sharp increases of 34% and 30% respectively. Australia and Malaysia also posted solid year-on-year growth of 43% and 10%.