Pakistan Receives $14.7 Billion in Remittances in Four Months

Summary: Overseas Pakistanis sent home $3.892 billion in October 2026, a 13.8 percent increase over the same month last year. According to the State Bank, remittances also increased by 8.5 percent compared to September. The total remittances in the first four months of the fiscal year 2026-27 reached $14.767 billion. Saudi Arabia, the United Arab Emirates and the United Kingdom remained the major remittance sending countries.

Karachi: Remittances from overseas Pakistanis have further accelerated and the country received $3.892 billion during October 2026, which is expected to support the country’s foreign exchange reserves and external payment needs.

According to data released by the State Bank of Pakistan, remittances in October were 13.8 percent higher than the same month last year. They also recorded an increase of 8.5% on a monthly basis compared to September 2026.

During the first four months of the financial year 2026-27, i.e., July to October, Pakistanis abroad sent a total of $14.767 billion home, while this amount was $12.956 billion in the same period of the previous financial year. Thus, remittances increased by 14% on an annual basis.

During October, Saudi Arabia remained the largest remittance sending country, where resident Pakistanis transferred $981.6 million home. This amount was about 17.2% more than $837.7 million in October last year.

$815.9 million was received from the United Arab Emirates in October, which is 16% more than the same month last year. $592.2 million was sent to Pakistan from the United Kingdom, while $328.9 million was sent from the United States.

Remittances from the UK increased by 19% year-on-year, while remittances from the US increased by nearly 9%.

In October, Pakistan received $460.9 million from EU countries, while $369.5 million was transferred from other Gulf Cooperation Council (GCC) countries. The volume of remittances from other countries was $343 million.

Saudi Arabia remained the largest source during the first four months of the fiscal year with $3.668 billion. The UAE received $3.052 billion, the UK $2.227 billion and the US $1.260 billion.

According to experts, remittances sent by Pakistanis abroad are important for the country’s economy. These remittances play a role in improving the availability of foreign exchange, supporting import payments and reducing pressure on external accounts.

On the other hand, Topline Research expects Pakistan’s total remittances to reach $44.7 billion during the fiscal year 2026-27. This forecast is based on a 14 percent increase in the first four months and an inflow of about $3.9 billion in October.

Overall, the continued increase in remittances is a positive development for the Pakistani economy, however, an improvement in exports and other permanent sources of income will also remain important to meet external financing needs and stabilize the foreign exchange.