Remittances from Overseas Pakistanis - Updates
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Fatman17
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ghazi52
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Govt eyes $42.4bn in remittances
Shahid IqbalJune 13, 2026
KARACHI: The government has not only increased the remittances target but also projected a significantly higher current account deficit (CAD) for FY27.
The government set $3.6 billion CAD for FY27, which would be around 0.7 per cent of the GDP, compared to the revised deficit target of $1.1bn or 0.2pc for FY26. So far, the current account deficit during July-April FY26 is $252 million against $1.662bn surplus during the same period the preceding year.
The main reason for the CAD was the widened trade deficit during the current fiscal year, which has reached $35bn in the first 11 months of FY26.
The export target for FY27 is $32.9bn, while the import target is set as $70bn, showing a trade deficit of $37.1bn. This large trade deficit would certainly force the current account deficit to expand in FY27.
ghazi52
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The government has set a $42.4bn remittances target for FY27, compared with $41.3bn for FY26. The remittances for FY26 were affected by the Gulf war, but inflows continued at the same pace; instead, they increased to a record $4.3bn in May FY26.
With the higher inflows, it seems the total would exceed the earlier target of $41.3bn set for FY26 on 30th June. The government had revised the target to $40bn in the wake of the Gulf war, which started on Feb 28.
According to the State Bank, the country received a total of $38.109bn during July-May FY26, compared to $34.829bn in the same period of the last fiscal year, representing growth of 9.2pc, down from 28.8pc in FY25.
The government set a higher target of $42.4b for remittances, as it observed that the Gulf war did not impact remittances; however, some financial experts expressed fear that rich Pakistanis were returning, particularly from Dubai, and that their remittances surged, boosting overall inflows for Pakistan.
With the higher inflows, it seems the total would exceed the earlier target of $41.3bn set for FY26 on 30th June. The government had revised the target to $40bn in the wake of the Gulf war, which started on Feb 28.
According to the State Bank, the country received a total of $38.109bn during July-May FY26, compared to $34.829bn in the same period of the last fiscal year, representing growth of 9.2pc, down from 28.8pc in FY25.
The government set a higher target of $42.4b for remittances, as it observed that the Gulf war did not impact remittances; however, some financial experts expressed fear that rich Pakistanis were returning, particularly from Dubai, and that their remittances surged, boosting overall inflows for Pakistan.
Salza
Elite Member
That's because of EiD ul Azha
RealNapster
Elite Member
Pakistan ki misaal us ghar jaisi hy jisky 12 bety hy or unme se sirf aik ko Dubai bejh Dia hy mazdoori krne jabky peachy 11 bhai or maa baap us aik ki kamae khaa rahy hy Beth ky.
