Karachi, April 14, 2025 – Governor of the State Bank of Pakistan (SBP), Mr. Jameel Ahmad, addressed the audience at the gong ceremony held at the Pakistan Stock Exchange (PSX) on Monday, where he shed light on Pakistan’s macroeconomic progress and emphasized the nation’s shift toward stability and growth.
Reflecting on recent developments, the Governor underscored that Pakistan has moved past a challenging phase marked by macroeconomic turbulence, including surging inflation, depleting reserves, and heightened default concerns. According to the Governor, the country is now experiencing a rebound with improved economic indicators, renewed investor confidence, and visible signs of recovery in economic activity.
The Governor SBP pointed to key achievements such as a notable decline in inflation, a surplus in the external current account, strengthened foreign exchange buffers, and healthier public debt metrics. He also shared a major milestone: workers’ remittances reached a record $4.1 billion in March 2025. This surge, the Governor explained, is the outcome of targeted government and SBP initiatives that encouraged formal inflows and enhanced the stability of the foreign exchange market. He projected that remittances for FY25 will total approximately $38 billion.
Looking ahead, the Governor emphasized that this period of stability offers a unique chance to set Pakistan on a course of inclusive and sustainable growth. He reiterated that the SBP, under his leadership, is committed to fostering productivity and export-led development—key pillars for long-term prosperity. The Governor also called on all stakeholders to support structural reforms aimed at preventing economic volatility.
Highlighting SBP’s commitment to financial inclusion, the Governor announced the Pakistan Financial Literacy Week from April 14 to 18. The campaign will engage communities nationwide to enhance public understanding of financial matters. He also presented goals under the National Financial Inclusion Strategy (NFIS) 2024–28, including raising financial inclusion to 75% and narrowing the gender gap in financial access.
In conclusion, the Governor SBP commended the PSX for its role in capital formation and expressed the SBP’s continued support for creating a resilient, innovative, and inclusive financial ecosystem in Pakistan.