Remittances from Overseas Pakistanis - Updates

Saudi Arabia remained the largest source of remittances, but inflows fell from around $919 million in March to about $842 million in April, a month-on-month decline of 8.4 percent. Since Saudi Arabia is Pakistan’s biggest remittance corridor, even a normal monthly dip has a significant impact on the headline number.

UAE remittances also dropped, from roughly $824–830 million in March to about $735 million in April, a decline of around 11 percent month-on-month. This was one of the biggest corridor-level reasons for the overall monthly decline, and it also feeds into concerns about job losses and deportations from the UAE.

Overall, remittances reached $33.9 billion in 10MFY26, up 8.5 percent year-on-year, continuing to provide a key cushion to Pakistan’s external account despite April’s month-on-month slowdown.

Pakistan continues to carry a high concentration risk, as Saudi Arabia and the UAE dominate inflows.
 
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Remittances are holding up strongly, but the cushion is concentrated and therefore vulnerable. It would be too early to call the April month-on-month decline a structural collapse.

The coming months will show where remittances are headed, and whether there is any change in the structure of flows.

Monthly inflows may remain elevated as May inflows can show a moderate uptick due to the upcoming Eid ul Azha as families send money back home for sacrificial animals.
 
more remmittances for Pakistan

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May sees 'highest-ever monthly inflow' of workers' remittances at $4.3bn​


Shahid Iqbal
June 10, 2026

Workers’ remittances were recorded at $4.3 billion in May, registering growth on both a monthly and annual basis, according to data released by the State Bank of Pakistan (SBP) on Wednesday.


Adviser to the Finance Minister Khurram Schehzad also shared the data on X, stating that Pakistan had recorded its “highest-ever monthly remittance inflow in history”.
 
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According to the SBP, the inflows increased by 20.2 per cent compared to April and were 15.4pc higher than the amount received in May last year.

“Cumulatively, remittances reached $38.1bn during July-May FY26, up 9.2pc from $34.9bn recorded in the corresponding period of the previous fiscal year,” the SBP said.


It elaborated that remittances from Saudi Arabia remained the highest in May at $1,025 million, followed by $1.006.6m from the United Arab Emirates (UAE).

Remittances from the United Kingdom stood at $645.5m and those from the US at $349.8m, the central bank said.

Schehzad said in his post that “with one month remaining in FY26, remittances are on track to exceed well beyond $41bn for the first time ever”.

However, Currency experts believe remittance growth this year is weaker than in FY25. They cite concerns over a “managed” exchange rate, suggesting some inflows may be diverted away from official banking channels.

Pakistan is among the top countries receiving large foreign exchange inflows through remittances. While a growing number of jobseekers leaving the country is termed by some economists as brain drain, the government considers it beneficial for the external balance.
 
Despite all the cursing from Pakistanis remittances from UAE increased by 37 % .... highest increase of all the countries.
 
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