Pakistan gets robust inflow of $3.7bn in May

Pakistan looks set to exceed its annual remittances target of $38 billion with $3.7bn inflows in May. So far in the 11 months of the fiscal year 2025 — July to May — Pakistan received $35bn in remittances. With the addition of June inflows, the total remittances are expected to exceed the revised target of $38bn for the current financial year. The latest data issued by the State Bank on Wednesday showed remittances increased by 16 per cent month-on-month in May. The year-on-year increase compared to May 2024 was 13.7pc. Total inflows from July to May were $34.9 billion, 29pc higher than $27bn collected in the same period last year. Earlier, the government estimated annual remittances for FY25 to be $35bn. However, record inflows forced an upward target revision of around $3bn.