In the wake of devastating floods and persistent economic turbulence, Pakistan has projected a record $43 billion in remittances for the fiscal year 2025. This surge, driven by overseas Pakistanis responding to domestic hardship, is being hailed by policymakers as a lifeline, an antidote to weak exports and a bulwark against current account deficits. Yet beneath this veneer of resilience lies a troubling truth: Pakistan’s dependence on remittances is not a sign of economic strength, but a symptom of systemic stagnation. At first glance, the numbers appear promising. Remittances rose 7% year-on-year to $3.13 billion in July 2025, with major…
How Remittance Reliance Masks Pakistan’s Economic Stagnation
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