Pakistan's workers' remittances reach $3.9 billion in October
Remittances grew 13.8 percent from a year earlier, and Saudi Arabia remained the largest source of inflows last month.
Pakistan's overseas workers sent $3.9 billion home in October, a 13.8 percent rise from a year earlier, the state broadcaster Radio Pakistan reported on Tuesday.
Finance Minister's Advisor Khurram Schehzad shared the figures in a post on the social media platform X.
The inflows were also 8.5 percent higher than in September, Schehzad said.
Over the first four months of the current fiscal year, cumulative remittances reached $14.8 billion, up 14 percent from the same period last year, Schehzad said.
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He said the country received about $1.8 billion more in remittances during that period than in the same period a year earlier.
Saudi Arabia remained the largest source of remittances in October, contributing $982 million, up 25 percent from a year earlier.
The United Arab Emirates followed with $816 million, a 16 percent increase, while remittances from the United Kingdom rose 15 percent to $592 million.
Pakistan received $461 million from European Union countries, a 12 percent rise, while other Gulf Cooperation Council countries sent $370 million, up 13 percent.
Schehzad said sustained growth in remittances is strengthening the country's foreign exchange reserves, supporting households and contributing to external account stability.
He described overseas Pakistanis as a key pillar of the country's economy.
Remittances are a major source of foreign exchange for Pakistan, and most of the money comes from workers in Gulf countries, which helps finance the country's imports and external payments.