Remittances hit $3.1 billion in August; Saudi Arabia tops, US slows

Overseas workers sent $3.1 billion in remittances to Pakistan in August 2025, according to State Bank of Pakistan (SBP) figures released on Friday.

Saudi Arabia remained the largest source, contributing $737 million. While inflows from the Kingdom fell 11% compared to July, they were 3% higher than the $713 million recorded in August last year.

The United Arab Emirates (UAE) followed with $643 million, reflecting a 19% year-on-year increase from $538 million in August 2024. From the United Kingdom, remittances stood at $463 million — up 3% over July’s $450 million but down 2% compared to the same month last year.

Inflows from the United States reached $267 million, showing a steep 17% YoY decline.

Overall, remittances rose 7% compared to $2.9 billion in August 2024, but declined 2% from July’s $3.2 billion.

The SBP noted that remittances play a crucial role in supporting Pakistan’s external account, boosting household incomes, and driving domestic economic activity.