KARACHI: Pakistan remittances reached a record $41.6 billion in FY2025-26, rising 9% from a year earlier.
The inflows rose from $38.3 billion in FY2024-25 and helped support Pakistan’s external account during a wider trade deficit.
June 2026 remittances stood at $3.475 billion, up 2% from June 2025. However, the monthly figure fell 18% from May 2026, when inflows reached $4.25 billion.
Saudi Arabia remained the largest June source with $830 million, up 1% year-on-year but down 19% month-on-month.
The United Arab Emirates sent $792 million in June, up 10% year-on-year and down 21% from May. The UK contributed $515 million, while the United States sent $297 million during June.
Read: Pakistan Remittances Rise To $4.3bn In May: SBP
The annual rise to exchange-rate stability, action against hawala and hundi networks, and wider use of formal banking channels.
It said the rupee’s relative stability near Rs278 per US dollar reduced incentives to delay or divert remittances.
The higher overseas employment, especially in Gulf Cooperation Council countries, is a key driver. Pakistan’s trade deficit widened 21.6% year on year to $39.5 billion.
Read: Pakistan GDP Growth Hits 3.7%,a Misses 4.2% Target
The record remittances helped Pakistan maintain a current account surplus despite higher import payments.
State Bank of Pakistan foreign exchange reserves rose to $18.4 billion from $13 billion a year earlier. The central bank expects workers’ remittances to reach $44 billion in FY2026-27.
