{"id":4598,"date":"2025-04-14T13:00:36","date_gmt":"2025-04-14T08:00:36","guid":{"rendered":"https:\/\/pkfin.kotenterprises.dev\/?p=4598"},"modified":"2025-04-14T13:00:36","modified_gmt":"2025-04-14T08:00:36","slug":"pakistan-receives-record-4-1bn-in-remittances-in-march-says-sbp-governor","status":"publish","type":"post","link":"https:\/\/pkfin.kotenterprises.dev\/?p=4598","title":{"rendered":"Pakistan receives record $4.1bn in remittances in March; says SBP Governor"},"content":{"rendered":"

KARACHI \u2013 April 14, 2025: <\/em>Pakistan received a record-high $4.1 billion in workers\u2019 remittances during March 2025, according to State Bank of Pakistan (SBP)<\/a> Governor Jameel Ahmad. The figure marks the highest-ever monthly inflow in the country\u2019s history.<\/p>\n

Speaking at the Pakistan Stock Exchange (PSX) on Monday to kick off Financial Literacy Week, Governor Ahmad announced that the central bank has revised its full-year forecast for remittances to $38 billion for FY25, up from the previous estimate of $36 billion.<\/p>\n

However, Finance Minister had earlier projected the remittances to reach $35 billion for the ongoing fiscal year, indicating a more conservative outlook.<\/p>\n

The SBP chief expressed optimism about the country\u2019s external account position, projecting a substantial current account surplus for FY25. \u201cThis is the best performance on the external account during the last two decades,\u201d Ahmad noted.<\/p>\n

Ahmad also revised the projection for foreign exchange<\/a> reserves (held by SBP) to $14 billion by the end of June 2025, up from the earlier estimate of $13 billion. Despite a recent decline of $2 billion in reserves\u2014due to debt repayments bringing them down to $10.6 billion\u2014he anticipates an inflow of $4\u20135 billion from external sources, including global financial institutions, by the end of the fiscal year.<\/p>\n

Overall forex reserves rose by $173 million to reach $15.75 billion, offering further reassurance about the country\u2019s financial position.<\/p>\n

The governor dismissed concerns regarding import restrictions and sluggish economic activity, citing improved economic indicators. \u201cImports have increased to $5.7 billion per month, reflecting growing economic activity,\u201d he stated.<\/p>\n

In terms of economic growth, Ahmad projected GDP growth at 3% for FY25<\/a>. He noted the figure could have reached 4.2% had agricultural output maintained its previous year\u2019s growth of 8%.<\/p>\n

On inflation, Ahmad warned that the consumer price index is likely to edge up starting this month, after recording a historic low of 0.7% in March 2025\u2014the lowest in six decades.<\/p>\n","protected":false},"excerpt":{"rendered":"

KARACHI – April 14, 2025: Pakistan received a record-high $4.1 billion in workers’ remittances during March 2025, according to State Bank of Pakistan (SBP) Governor Jameel Ahmad. The figure marks the highest-ever monthly inflow in the country’s history. Speaking at the Pakistan Stock Exchange (PSX) on Monday to kick off Financial Literacy Week, Governor Ahmad […]<\/p>\n","protected":false},"author":1,"featured_media":4599,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post","format-standard"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t