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Support From SIFC Enhances Remittances: Notable Increase In Remittances From Pakistanis Abroad

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The start of the 2024–25 fiscal year saw a notable 44% increase in remittances from Pakistanis living abroad, largely attributable to the work and support of the Special Investment Facilitation Council.

Remittances have increased by $1.81 billion to $5.94 billion, according to State Bank figures, from $4.12 billion in July and August of last year.

In August 2024, the United Arab Emirates contributed $538.4 million, Saudi Arabia $713.1 million, the United Kingdom $474.8 million, and the United States $322.4 million in remittances.

The data shows that remittances from overseas Pakistanis have increased by 51% from Saudi Arabia, 44% from the United Kingdom, 23.5 percent from the United States, and 84% from the UAE

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