KARACHI: Pakistan looks set to exceed its annual remittances target of $38 billion with $3.7bn inflows in May.

So far in the 11 months of the fiscal year 2025 — July to May — Pakistan received $35bn in remittances.

With the addition of June inflows, the total remittances are expected to exceed the revised target of $38bn for the current financial year.

The latest data issued by the State Bank on Wednesday showed remittances increased by 16 per cent month-on-month in May. The year-on-year increase compared to May 2024 was........

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