{"id":103259,"date":"2025-09-10T07:13:00","date_gmt":"2025-09-10T02:13:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=103259"},"modified":"2025-09-09T18:19:39","modified_gmt":"2025-09-09T13:19:39","slug":"remittances-grow-7-yoy-in-aug-sbp","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/remittances-grow-7-yoy-in-aug-sbp.html","title":{"rendered":"Remittances grow 7% YoY in Aug: SBP"},"content":{"rendered":"\n<p>Karachi: Pakistan received USD 3.1 billion in remittances during August 2025, reflecting a 7% increase compared with the same month last year, the State Bank of Pakistan (SBP) said on Monday.<\/p>\n\n\n\n<p>Despite the annual growth, the inflows were down 2% compared with July 2025. The central bank said the remittances were mainly sourced from Saudi Arabia (USD 736.7 million), the United Arab Emirates (USD 642.9 million), the United Kingdom (USD 463.4 million), and the United States (USD 267.3 million).<\/p>\n\n\n\n<p>Analysts noted that the resilience of remittances underscored their importance in supporting the external account. \u201cFor Pakistan, the consistency of remittances is less about seasonal fluctuations and more about maintaining confidence in formal channels through currency stability and policy clarity,\u201d said Saad Hanif, head of research at Ismail Iqbal Securities.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/fx-reserves-to-hit-usd-17-5-bn-in-fy26.html\" target=\"_blank\" rel=\"noreferrer noopener\">FX reserves to hit USD 17.5 bn in FY26: SBP Governor<\/a><\/p>\n\n\n\n<p>Remittances are a key contributor to Pakistan\u2019s current account stability. In FY25, overseas workers sent USD 38.3 billion, and the SBP expects the figure to rise to over USD 40 billion in FY26.<\/p>\n\n\n\n<p>However, analysts have cautioned that recent monsoon floods may impact the country\u2019s trade balance, potentially widening the current account deficit in the months ahead.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: Pakistan received USD 3.1 billion in remittances during August 2025, reflecting a 7% increase compared with the same month last year, the State Bank of Pakistan (SBP) said on Monday. Despite the annual growth, the inflows were down 2% compared with July 2025. The central bank said the remittances were mainly sourced from Saudi Arabia (USD 736.7 million), the United Arab Emirates (USD 642.9 million), the United Kingdom (USD 463.4 million), and the United States (USD 267.3 million). Analysts noted that the resilience of remittances underscored their importance in supporting the external account. \u201cFor Pakistan, the consistency of remittances is less about seasonal fluctuations and more about maintaining confidence in formal channels through currency stability and policy clarity,\u201d said Saad Hanif, head of research at Ismail Iqbal Securities. Read: FX reserves to hit USD 17.5 bn in FY26: SBP Governor Remittances are a key contributor to Pakistan\u2019s current account stability. In FY25, overseas workers sent USD 38.3 billion, and the SBP expects the figure to rise to over USD 40 billion in FY26. However, analysts have cautioned that recent monsoon floods may impact the country\u2019s trade balance, potentially widening the current account deficit in the months ahead.<\/p>\n","protected":false},"author":18,"featured_media":76277,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[67847,62423,46247,67848,7077,67850,1685,32,4579,106,6066,2631,63807,7550,67846,67849],"persona":[],"class_list":{"0":"post-103259","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-august-remittances","9":"tag-current-account","10":"tag-economic-stability","11":"tag-fiscal-year-2026","12":"tag-foreign-exchange","13":"tag-monsoon-floods-impact","14":"tag-overseas-pakistanis","15":"tag-pakistan","16":"tag-remittances","17":"tag-saudi-arabia","18":"tag-sbp","19":"tag-state-bank-of-pakistan","20":"tag-trade-balance","21":"tag-uae","22":"tag-united-kingdom","23":"tag-united-states","24":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Remittances grow 7% YoY in Aug: SBP - Zameen News<\/title>\n<meta name=\"description\" content=\"For Pakistan, the consistency of remittances is less about seasonal fluctuations and more about maintaining confidence...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/remittances-grow-7-yoy-in-aug-sbp.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Remittances grow 7% YoY in Aug: SBP - Zameen News\" \/>\n<meta property=\"og:description\" content=\"For Pakistan, the consistency of remittances is less about seasonal fluctuations and more about maintaining confidence...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/remittances-grow-7-yoy-in-aug-sbp.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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