Pakistan received a record $4.3 billion in workers’ remittances during May 2026, according to the State Bank of Pakistan. The inflow rose 20.2% from April and increased 15.4% year-on-year. The record amount strengthens external accounts and supports millions of households relying on overseas earnings.
The State Bank said May marked the highest monthly remittance inflow ever recorded by Pakistan. The central bank highlighted the milestone in a statement and on social media. The strong performance reflects continued financial support from overseas Pakistanis despite global economic uncertainties.
Meanwhile, Finance Minister’s Adviser Khurram Schehzad described the surge as a major vote of confidence in Pakistan’s economy. He said remittances reached a record $4.25 billion during the month. According to him, the inflows are improving external stability and reinforcing economic resilience across the country.
In May 2026, workers’ remittances recorded an inflow of US$ 4.3 billion showing 20.2 percent increase on m/m and 15.4 percent increase on y/y basis.https://t.co/7PckFCqSff
#SBPRemittances pic.twitter.com/Zv4DhsPCYO— SBP (@StateBank_Pak) June 10, 2026
Furthermore, remittances have maintained strong growth throughout the current fiscal year. Schehzad said inflows are on track to exceed $41 billion by the end of FY26. The record pace provides valuable support for foreign exchange reserves, household spending, and overall economic activity.
However, concerns remain over potential risks from prolonged tensions in the Gulf region. Rising oil prices and possible disruptions near the Strait of Hormuz could pressure Pakistan’s external accounts. Saudi Arabia and the United Arab Emirates contribute over $11 billion annually, making remittances a crucial source of dollar liquidity for the economy.