Pakistan recorded a significant 25% increase in domestic remittances in January 2025, with inflows reaching a record-high of $3 billion for the month.
Advisor to the Federal Finance Minister, Khurram Shahzad, shared the latest figures in a post on X, highlighting a strong upward trend in remittances. Between July 2024 and January 2025, the total remittance inflows amounted to $20.8 billion, marking a 32% year-on-year increase.
Shahzad termed the surge in remittances a positive development for Pakistan’s economy and external accounts. He further projected that if this trend continues, annual remittances could surpass $35 billion by the end of the fiscal year.
Also Read: Federal govt's non-tax revenue surges by Rs1,623bn
Meanwhile, the federal government’s non-tax revenue witnessed a significant increase of Rs1,623 billion during the first six months of the current fiscal year, according to official documents. From July to December, non-tax revenue surged to Rs3,602 billion, compared to Rs1,979 billion recorded in the same period last fiscal year.
A major portion of the increase came from the petroleum levy, where an additional Rs76.64 billion was collected. The total petroleum levy revenue reached Rs549 billion, up from Rs472.77 billion in the corresponding period last year.
The State Bank of Pakistan (SBP) also contributed significantly to non-tax revenue, recording a profit of Rs2,500 billion between July and December, a sharp rise from Rs972 billion in the same period last year.
