Workers’ remittances to Pakistan continued to grow strongly in the current financial year. Inflows rose 9% year-on-year to $16.145 billion during the first five months of FY26 (July-November), according to State Bank of Pakistan (SBP) data.
Monthly inflows in November 2025 eased slightly to $3.19 billion. This figure marks a 9% increase from November 2024’s $2.92 billion but a 7% decrease from October 2025’s $3.42 billion. The cumulative growth compares with about $14.77 billion received in the same period of FY25.
Saudi Arabia remained the single largest source of remittances in November. Overseas Pakistanis sent $753 million. The United Arab Emirates (UAE) followed closely with $675 million.
For the five months (July-November FY26), the contribution breakdown is clear:
- Saudi Arabia: $3.90 billion
- United Arab Emirates: $3.36 billion
- United Kingdom: $2.34 billion
- United States: $1.38 billion
Financial analysts confirmed the 9% year-on-year growth trend for both November and the five months. They noted the month-on-month decline aligns with typical fluctuations.
Topline Research identified key factors supporting the current growth. These include higher manpower exports in previous years, a narrower gap between formal and informal exchange rates, and the continued government remittance incentive package.
The brokerage firm maintained its full-year FY26 remittance forecast at $41 billion. This projection represents a 7.5% increase over the $38 billion received in the previous financial year (FY25).
