Pakistan's remittances soar 33.6% to $14.8 billion in five months, crucial for its economy.

Remittances to Pakistan surged 33.6% in the first five months of the fiscal year 2025, reaching $14.8 billion. November saw a 29.1% increase year-over-year to $2.9 billion, though it dipped 5% from October. The growth is attributed to economic recovery, IMF loans, a stable currency, and increased migration. Saudi Arabia, UAE, UK, and the US are major sources. Political stability is crucial to maintain these inflows, which are vital for the country's economy.

3 months ago
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