Overseas Pakistanis sent $41.58 billion in workers’ remittances during fiscal year 2025-26, according to the State Bank of Pakistan. The annual inflow increased by 8.5 percent compared with the previous fiscal year. The higher remittances strengthened Pakistan’s foreign exchange position and supported the national economy.
The State Bank said June remittances were $770 million lower than May’s record inflow of more than $4.3 billion. However, the overall annual performance remained strong due to consistent monthly transfers. Average monthly remittances during the fiscal year stood at $3.46 billion, reflecting steady contributions from overseas Pakistanis.
Read more: Pakistan records $3.8bn in remittances for March 2026
Saudi Arabia remained the largest source of remittances, contributing nearly $9.75 billion during the fiscal year. The United Arab Emirates followed with $8.80 billion, while the United Kingdom sent $6.32 billion. Meanwhile, the European Union contributed $5.22 billion, other Gulf countries $3.93 billion, and the United States $3.62 billion.
Economists say rising remittances continue to support Pakistan’s external account by strengthening foreign exchange reserves and easing pressure on the current account. They also help stabilize the rupee and provide financial support to millions of households. Consequently, remittance inflows remain a key pillar of Pakistan’s economy.
Read more: Government targets $42.4bn in remittance
Prime Minister Shehbaz Sharif thanked overseas Pakistanis for sending higher remittances than the previous year. He praised their commitment to the country’s economic stability and described the $41.6 billion inflow as a reflection of their patriotism. The government also reaffirmed its commitment to facilitating overseas Pakistanis and encouraging greater investment.