The slogan of freezing the economy remains unchallenged, the Prime Minister congratulates the nation on the record increase in remittances

Islamabad:

Prime Minister Shehbaz Sharif has congratulated the nation on the record increase in remittances.

Prime Minister Shehbaz Sharif said that the claims of those who raised slogans that the country's economy would be paralyzed by the record increase in remittances were left in the dust.

The record increase in remittances is a testament to the iron determination of our overseas Pakistani brothers and sisters to play their part in the development of the country and nation.

Pakistan has embarked on the path of development after economic stability. The Government of Pakistan is committed to the country's development and public welfare.

It should be noted that remittances amounted to $3.1 billion during December 2024, a month-on-month increase of 5.6%.

Workers’ remittances totaled $17.8 billion during the first half of FY25, a 32.8% increase over the $13.4 billion received in the first half of FY24. In terms of growth, remittances grew by 29.3% year-on-year and 5.6% month-on-month in December 2024.

During December 2024, remittances came mostly from Saudi Arabia ($770.6 million), the United Arab Emirates ($631.5 million), the United Kingdom ($456.9 million), and the United States ($284.3 million).