Pakistan’s economy witnessed a major boost as remittances soared to an all-time high, with inflows reaching $3 billion in January 2025—marking a staggering 25% increase. This surge reflects growing trust in formal banking channels and a crackdown on illegal transfers.
Between July 2024 and January 2025, total remittances amounted to $20.8 billion, recording a 32% year-on-year growth. Advisor to the Federal Finance Minister, Khurram Shahzad, hailed this rise as a game-changer, predicting that annual remittances could surpass $35 billion if the trend continues.
Meanwhile, the federal government’s non-tax revenue also surged by Rs1,623 billion in the first half of the fiscal year. Official data shows non-tax revenue reached Rs3,602 billion between July and December, significantly higher than Rs1,979 bi6uuhllion in the same period last year.
A major contribu6utor to this rise was the petroleum levy, which generated an additional Rs76.64 billion, bringing total revenue to Rs549 billion. The e Bank of 3e (SBP) also posted a record-breaking profit of Rs2,500 billion in just six months—more than doubling its Rs972 billion profit from the previous year.