Overseas Pakistanis sent nearly $4 billion in remittances to the country during October 2026, pushing total inflows for the first four months of the current fiscal year close to $15 billion, according to the latest data released by the State Bank of Pakistan (SBP).
The central bank reported an 8.5% month-on-month increase in remittances during October, while inflows also recorded 14% growth compared with the same month last year.
The strong performance reflects continued financial support from Pakistanis living abroad and provides an important source of foreign exchange for the country’s economy.
Cumulative remittances received between July and October also increased by 14% compared with the corresponding period of the previous fiscal year.
October Remittances Increase by 14% Annually
According to SBP figures, overseas Pakistanis sent approximately $4 billion to Pakistan in October 2026.
The inflows increased by 8.5% compared with September, showing an improvement in monthly remittance activity.
On a year-on-year basis, remittances rose by 14%, indicating that overseas Pakistanis transferred significantly more money to the country than they did during October last year.
The increase also contributed to stronger cumulative inflows during the opening four months of FY2026-27.
From July through October, Pakistan received almost $15 billion in remittances, representing a 14% increase compared with the same period of the previous fiscal year.
Saudi Arabia Remains Pakistan’s Largest Remittance Source
Pakistanis working and living in Saudi Arabia contributed the largest share of remittances during October.
According to the central bank’s data, inflows from Saudi Arabia reached $980 million, making it the leading source of overseas transfers to Pakistan during the month.
The United Arab Emirates ranked second, with overseas Pakistanis sending $819 million.
Other major contributors included the United Kingdom and the United States.
The country-wise breakdown for October was as follows:
- Saudi Arabia: $980 million
- United Arab Emirates: $819 million
- United Kingdom: $600 million
- United States: $330 million
These figures highlight the continued importance of major overseas employment destinations in supporting Pakistan’s remittance inflows.
Saudi Arabia and the UAE together accounted for a substantial portion of the transfers received during October.
Remittances Provide Important Support to Pakistan’s Economy
Remittances remain an important source of foreign exchange for Pakistan.
Money sent by overseas Pakistanis helps families meet household expenses, including education, healthcare, housing and other daily needs.
At the national level, these inflows also support the country’s external financial position by adding foreign currency to the economy.
Higher remittances can help strengthen foreign exchange availability and support Pakistan’s ability to meet international payment obligations.
The continued growth in transfers is particularly important for a country that relies on foreign exchange inflows to manage imports, external debt payments and other international financial commitments.
The latest figures show that overseas Pakistanis continue to play a significant role in supporting the country’s economy through money sent to their families and beneficiaries.
Pakistan Targets $45 Billion in Remittances by June 2027
According to the report, Pakistan is projected to receive $45 billion in remittances by the end of June 2027.
The target reflects expectations of continued inflows from overseas Pakistanis throughout the current fiscal year.
With almost $15 billion already received between July and October, the country has recorded a 14% increase compared with the corresponding period last year.
Maintaining this growth will be important for the overall remittance outlook during the remaining months of FY2026-27.
However, the final amount will depend on the pace of transfers in the coming months and the financial conditions affecting overseas workers and their families.
Overseas Pakistanis Continue to Support Foreign Exchange Inflows
The latest SBP data highlights the contribution of Pakistanis living abroad to the country’s foreign exchange earnings.
October’s nearly $4 billion inflow, combined with the strong performance during the first four months of the fiscal year, has kept remittances on a growth trajectory.
Saudi Arabia, the UAE, the UK and the US remained important sources of transfers, with Saudi Arabia recording the highest contribution during October.
As Pakistan moves further into FY2026-27, remittances will remain an important indicator to watch for the country’s external financial position.
The projected $45 billion target by June 2027 will depend on whether the current pace of inflows can be sustained during the rest of the fiscal year.
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