Karachi: Pakistan's economy has reached a significant milestone, as March remittances hit an unprecedented $4.1 billion, according to a statement from the Governor of the State Bank of Pakistan, Jameel Ahmad.

This record-breaking figure contributes to a total remittance inflow of $28.07 billion for the fiscal year to date, spanning July to March FY25. This represents a 33% increase compared to the previous year, underscoring positive economic momentum.

The announcement comes as foreign exchange reserves are expected to exceed $14 billion by June. This growth is seen as a strong indication of investor confidence in the country's economic policies and stability.

The achievement has been attributed to the collective efforts of the Prime Minister, the Chief of Army Staff, and the Governor of the State Bank, alongside other key stakeholders committed to promoting financial resilience and growth in Pakistan.

The Exchange Companies Association of Pakistan, the source of this information, has highlighted the importance of these developments in steering the nation towards a more secure economic future.