ISLAMABAD (PEN) : Prime Minister Muhammad Shehbaz Sharif on Monday acknowledged the vital role of overseas Pakistanis in supporting the national economy, highlighting that remittances remain a cornerstone of Pakistan’s financial stability and foreign exchange reserves.
Tribute on International Day of Family Remittances
In a message marking the International Day of Family Remittances, the prime minister emphasized the importance of migrant workers in sustaining families and contributing to national development.
“Today, Pakistan joins the international community in observing the International Day of Family Remittances, a day dedicated to honouring the vital contributions of migrant workers who, through their hard-earned remittances, uplift millions of families and drive development in their home countries,” he said.
A Pillar of Economic Resilience
Shehbaz Sharif stated that the contributions of over 9 million Pakistanis living abroad — primarily in the Gulf, Europe, and North America — reflect a deep-rooted connection with their homeland.
“Remittances from our overseas Pakistanis have always been a cornerstone of our national economy,” he noted. “Their financial contributions are not only an expression of love and responsibility towards their families, but also a powerful pillar supporting Pakistan’s economic resilience.”
The prime minister also paid tribute to the global Pakistani community, stating, “Their remittances reflect an enduring bond with their homeland; a bond of trust, commitment, and generational responsibility.”
Record-Breaking Remittance Growth
Highlighting recent achievements, the premier announced that overseas Pakistanis sent a record \$34.9 billion in remittances during the current fiscal year — a 28.8% increase compared to the previous year. Additionally, May 2025 alone saw \$3.7 billion in inflows, up 13.7% year-on-year.
“These historic figures are a testament not only to the hard work and loyalty of our diaspora but also to their growing confidence in the government’s economic policies,” he stated.
Government Committed to Economic Revival
Reaffirming his administration’s commitment, Shehbaz Sharif said, “The Government of Pakistan continues to work tirelessly to attract foreign direct investment and expand our export base to ensure long-term economic stability.”
He concluded by calling for unity among stakeholders, urging collaboration with the diaspora and development partners to drive investment and sustainable progress.
