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Pakistan receives $3.4 billion in remittances in October

A person shows U.S. dollars at a currency exchange office in Manila, the Philippines, October 21, 2022. — Reuters

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

In a statement, the central bank said cumulative inflows between July and October FY26 reached $13 billion, up 9.3 per cent from $11.9 billion recorded during the same period last year.

Remittances in October came mainly 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 praised overseas Pakistanis for their contributions, saying the steady increase in remittances reflected their confidence in the government’s policies.

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

He expressed hope that the positive trend would continue, thereby helping to stabilize Pakistan’s external account and strengthen foreign exchange reserves.

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