ISLAMABAD: Pakistan recorded a 5.6 percent increase in remittances in December on a month-on-month basis, Prime Minister Shehbaz Sharif said on Friday, congratulating the nation on the record inflows.
Remittances bring billions of dollars annually from overseas Pakistanis and are vital to Pakistan’s economy. These inflows bolster foreign exchange reserves, stabilize the balance of payments, and support the Pakistani currency.
Overseas workers remittances stood at $3.1 billion in the month of December, according to a statement issued from Sharif’s office. The inflows rose by 29.3 percent in 2024 as compared to the previous year.
Sharif said the record increase in remittances was a testament to the determination of overseas Pakistanis to play their role in the development of the South Asian country.
“After economic stability, Pakistan has embarked on the path of economic development,” he said.
Pakistan narrowly avoided a sovereign default in 2023 by clinching a last-gasp $3 billion loan program from the International Monetary Fund (IMF).
The South Asian country has since made some economic gains, most notably slowing the annual consumer inflation to 4.1 percent in December. This was down from 38 percent in May 2023.
Pakistan’s government has vowed to undertake economic reforms mandated by the IMF which include tightening fiscal policies, privatizing loss-making state-owned enterprises and enhancing tax revenues.
“The government of Pakistan is committed to the country’s development and public welfare,” Sharif reassured in his statement.

ISLAMABAD: Organization of Islamic Cooperation (OIC) Secretary-General Hissein Brahim Taha has arrived in Pakistan to attend a global conference on girls’ education in Muslim countries, according to the Pakistani education ministry.
Pakistan’s education ministry will host the global conference titled, “Girls’ Education in Muslim Communities: Challenges and Opportunities,” in Islamabad on Jan. 11-12.
Around 150 representatives from 47 countries, including education experts, religious scholars, diplomats, and politicians are expected to partake in the summit.
Pakistani Education Minister Khalid Maqbool Siddiqui received the OIC secretary-general upon arrival in the South Asian country.
“Bringing together global leaders, educators, and changemakers to discuss innovative solutions and inspire progress for #GirlsEducation in Muslim communities,” the Pakistani education ministry said on Friday.
“This landmark event is a step toward creating opportunities, breaking barriers, and empowering future generations. Let’s ensure #EducationForAll and drive meaningful #GlobalConversations that transform lives!“
Prime Minister Shehbaz Sharif will inaugurate the conference and deliver a keynote address at the opening session on Saturday. Pakistan’s foreign office said Sharif will reaffirm the nation’s commitment to promoting girls’ education and gender equality.
An “Islamabad Declaration” will be announced at the end of the conference on Sunday that would outline decisive steps to transform girls’ education in Islamic countries, according to Siddiqui.
On Thursday, Siddiqui said the primary aim of the conference is to stress the implementation of the Islamic message, which clearly states that both men and women have the right to education.
“By promoting girls’ education, we can build better homes, a better society and a stronger nation,” he said.
The Pakistani education minister hoped that Afghanistan would also join representatives from other Islamic countries and attend the conference in Islamabad.
“We have extended an invitation to Afghanistan to participate in this conference and hope that their delegation will attend as it is a very important neighboring country,” he told reporters at a media briefing in Islamabad.
Since the Taliban’s return to power in 2021, at least 1.4 million Afghan girls have been denied access to secondary education, according to a report by the United Nations International Children’s Emergency Fund (UNICEF) released in August last year.
Siddiqui said everyone respects tribal customs and cultures, but all such practices must align with Islamic values in Muslim countries, adding that nothing holds precedence over them.
“In Islam, there is no justification for restricting women’s education,” he added.