Saudi Arabia leads Pakistan’s July worker remittances as inflows hit $3.2 billion

A man walks past a currency exchange shop in Rawalpindi on June 12, 2024. (AFP/File)
Short Url
Updated 08 August 2025
Follow

Saudi Arabia leads Pakistan’s July worker remittances as inflows hit $3.2 billion

  • Steady inflows from Gulf economies, led by Saudi Arabia and UAE, have remained crucial for Pakistan’s balance of payments
  • According to State Bank of Pakistan, Saudi Arabia led all contributors during FY25, with remittances totaling $9.34 billion

KARACHI: Saudi Arabia was the top source of Pakistani workers’ remittances in July, as overall inflows reached $3.2 billion, up 7.4 percent year-on-year, the State Bank of Pakistan (SBP) said on Friday.

Remittances are a key pillar of Pakistan’s external finances, providing hard currency that supports household consumption, helps narrow the current-account gap and bolsters foreign exchange reserves. The steady pipeline from Gulf economies, led by Saudi Arabia and the UAE, has remained crucial for Pakistan’s balance of payments.

The SBP said July inflows were “mainly sourced from Saudi Arabia ($823.7 million), United Arab Emirates ($665.2 million), United Kingdom ($450.4 million) and United States of America ($269.6 million).”

“Workers’ remittances recorded an inflow of $ 3.2 billion during July 2025,” the central bank said in a statement.

Pakistan received a record $38.3 billion in workers’ remittances during the last fiscal year, reporting an increase of about $8 billion over a 12-month period that exceeds the country’s ongoing $7 billion International Monetary Fund (IMF) loan program.

According to the State Bank of Pakistan, Saudi Arabia led all contributors during FY25, with remittances totaling $9.34 billion, followed by the United Arab Emirates at $7.83 billion, the United Kingdom at $5.99 billion and the United States at $3.72 billion.

Remittances from Gulf Cooperation Council (GCC) countries excluding Saudi Arabia and the UAE totaled $3.71 billion, while EU countries contributed $3.53 billion.

Economists say remittances function as a stabilizer for Pakistan’s economy, helping millions of households manage expenses while giving policymakers breathing room during periods of tight external financing conditions. With traditional sources in the Middle East still accounting for the bulk of transfers, the trajectory of regional labor demand remains central to Pakistan’s outlook on remittance flows.


Pakistan condemns Sudan attack that killed Bangladeshi UN peacekeepers, calls it war crime

Updated 16 sec ago
Follow

Pakistan condemns Sudan attack that killed Bangladeshi UN peacekeepers, calls it war crime

  • Six peacekeepers were killed in a drone strike in Kadugli as fighting between Sudan’s army and the RSF grinds on
  • Pakistan, a major troop contributor to the UN, says perpetrators of the attack must be identified, brought to justice

ISLAMABAD: Pakistan on Sunday extended condolences to the government and people of Bangladesh after six United Nations peacekeepers from the country were killed in a drone strike in southern Sudan, condemning the attack and describing it as a war crime.

The attack took place amid a full-scale internal conflict that erupted in April 2023 between the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF), a powerful paramilitary group, following a power struggle after the collapse of Sudan’s post-Bashir political transition.

Omar Al-Bashir, who ruled Sudan for nearly three decades, was ousted by the military in 2019 after months of mass protests, but efforts to transition to civilian rule later faltered, plunging the country back into violence that has since spread nationwide.

The drone strike hit a logistics base of the United Nations Interim Security Force for Abyei (UNISFA) in Kadugli, the capital of South Kordofan state, on Saturday, killing the Bangladeshi peacekeepers. Sudan’s army blamed the RSF for the attack, though there was no immediate public claim of responsibility.

“Pakistan strongly condemns the attack on @UNISFA in Kadugli, resulting in the tragic loss of 6 Bangladeshi peacekeepers & injuries to several others,” the country’s permanent mission to the UN said in a social media message. “We honor their supreme sacrifice in the service of peace, and express our deepest condolences to the government and people of #Bangladesh.”

“Such heinous attacks on UN peacekeepers amount to war crimes,” it added. “Perpetrators of this horrific attack must be identified and brought to justice. As a major troop-contributing country, we stand in complete solidarity with all Blue Helmets serving the cause of peace in the perilous conditions worldwide.”

According to Pakistan’s UN mission in July, the country has deployed more than 235,000 peacekeepers to 48 UN missions across four continents over the past eight decades.

Pakistan also hosts one of the UN’s oldest peacekeeping operations, the United Nations Military Observer Group in India and Pakistan (UNMOGIP), and is a founding member of the UN Peacebuilding Commission.

More than 180 Pakistani peacekeepers have lost their lives while serving under the UN flag.

Pakistan and Bangladesh have also been working in recent months to ease decades of strained ties rooted in the events of 1971, when Bangladesh — formerly part of Pakistan — became independent following a bloody war.

Relations have begun to shift following the ouster of former Bangladeshi prime minister Sheikh Hasina last year amid mass protests.

Hasina later fled to India, Pakistan’s neighbor and arch-rival, creating space for Islamabad and Dhaka to rebuild their relationship.