Pakistan's workers' remittances reached a record $38.3 billion in the fiscal year 2024-25, marking a 26.6% increase compared to the previous year, according to the State Bank of Pakistan. The surge was driven by higher inflows from key countries including Saudi Arabia and the United States. In June 2025 alone, remittances amounted to $3.4 billion. This inflow exceeded the ongoing International Monetary Fund (IMF) loan program, which is expected to provide about $2.5 billion in financing during the current fiscal year to support Pakistan's efforts to re-enter the international bonds market. Officials highlighted that if non-banking channels were included, total remittances could surpass $50 billion. The increase is attributed to higher migration, improved earnings abroad, and inflationary pressures at home. The Prime Minister acknowledged and praised the surge in remittances as a positive development for the country.