State Bank Governor Jameel Ahmad on Monday said that remittances were at a record $4.1 billion during the month of March.

Remittances from overseas Pakistani workers had soared year-on-year in February 2025, reaching $3.12bn.

Compared to January 2025, remittance inflows increased by 3.8pc, providing the much-needed financial support to the economy, government reserves and liquidity for importers.

For the first nine months of FY25 (July-March), total rem­i­ttances have reached $28.07bn, mar­king a substantial 33pc rise compared to the same period a year ago.

Speaking at the Pakistan Stock Exchange (PSX) today, the SBP chief highlighted that foreign reserves were now projected to exceed $14bn by June.

He also added that foreign debt repayment obligations stood at $26bn for FY25 — from which $16bn was expected to be rolled over or refinanced, reducing actual repayment pressure to around $10bn.

On a positive note, he noted that economic activity had “shown signs of revival”, adding that if agricultural had matched last year’s performance, the country’s GDP growth would have been........

© Dawn Business