Overseas workers' remittances to Pakistan increased by 8.6 percent to $41.6 billion during the previous fiscal year (2025-26) from $38.3 billion in the preceding year, according to data from the State Bank of Pakistan (SBP). Remittances stood at $3.5 billion in June 2026, up 2 percent from the same month last year but down 18.3 percent from May.
Remittances from Key Countries in June 2026
Overseas Pakistanis in Saudi Arabia remitted the largest amount in June 2026, sending $830 million. The amount was up 1 percent compared to the $823 million sent by expatriates in the same month last year. However, the amount was down by 19 percent compared to $1,025 million recorded in May 2026.
Inflows from the United Arab Emirates rose by 10 percent on a yearly basis, from $717 million in June 2025 to $792 million in June 2026. They decreased significantly by 21 percent on a monthly basis. Remittances from the UK amounted to $515 million during June 2026, down by 20 percent compared to $645 million in May. Overseas Pakistanis in the US sent $297 million in June, a monthly decrease of 15 percent from $349 million during May. Meanwhile, remittances from European Union (EU) countries clocked in at $415 million in June, recording a decrease of 11 percent on a monthly basis from $466 million in May.
Government and Official Reactions
Adviser to the Finance Minister Khurram Schehzad commented on the milestone on X, stating, “This historic milestone reflects the unwavering confidence of overseas Pakistanis and reinforces Pakistan’s external sector resilience, stronger foreign exchange buffers, and improving macroeconomic fundamentals.” He added, “FY26 is a record achievement with the last 3 years’ growth being phenomenal, powered by millions of hardworking Pakistanis across the globe.”
Broader Economic Context
The rise in remittances provides a crucial buffer for Pakistan's external sector, strengthening foreign exchange reserves and supporting macroeconomic stability. The government has been actively seeking to boost inflows through various incentives and facilitation measures for overseas workers.
