Pakistan received $3.66 billion in workers’ remittances during August 2026, marking a strong increase in inflows compared with the same month last year, according to data released by the State Bank of Pakistan (SBP).
Remittances increased by 17 percent year-on-year, rising from $3.14 billion in August 2025 to $3.66 billion in August 2026.
The latest figures also showed a modest monthly increase. Remittances rose by 1 percent compared with the $3.63 billion recorded in July 2026.
The continued growth in overseas workers’ transfers has provided further support to Pakistan’s external account and reflects sustained inflows from major remittance-sending countries.
Remittances Reach $7.29 Billion in Two Months
The strong August inflows took Pakistan’s total workers’ remittances during the first two months of fiscal year 2027 to $7.29 billion.
This represents an increase of approximately 15 percent compared with the $6.35 billion received during the corresponding period of the previous fiscal year.
The rise indicates that remittance inflows have maintained their upward trend at the beginning of FY27.
Higher remittances are particularly important for Pakistan because overseas workers’ transfers provide foreign exchange and support household incomes across the country.
Saudi Arabia Remains Top Source
Saudi Arabia remained Pakistan’s largest source of workers’ remittances in August.
The country contributed approximately $873 million during the month, representing a 19 percent increase compared with the same period last year.
The United Arab Emirates (UAE) was the second-largest source, sending $750 million in August. UAE-origin remittances increased by 17 percent year-on-year.
The United Kingdom also recorded strong growth, with remittances rising by 22 percent to $564 million during the month.
Together, these three markets continued to account for a substantial portion of Pakistan’s monthly remittance inflows.
European Union and US Inflows Also Increase
Pakistan also recorded higher remittances from other major regions during August.
Inflows from the European Union increased by 15 percent to approximately $496 million.
Remittances from the United States rose by 16 percent, reaching $309 million during the month.
Other Gulf countries contributed around $327 million, representing an 8 percent increase compared with August last year.
The increase across major remittance corridors indicates that growth was not limited to a single overseas market.
Saudi Arabia Leads FY27 Inflows
Saudi Arabia also remained the largest contributor during the first two months of FY27.
Pakistan received approximately $1.79 billion from Saudi Arabia during July and August combined.
The UAE followed with $1.49 billion, while the United Kingdom contributed approximately $1.12 billion during the same period.
According to the available data, remittance inflows from all major regions were higher than they were during the corresponding period of the previous fiscal year.
The broad-based increase provides support for Pakistan’s overall remittance outlook for the current fiscal year.
Remittances Expected to Reach $44 Billion
The latest figures have also strengthened expectations for continued growth in remittance inflows during FY27.
Topline Research has projected that Pakistan’s workers’ remittances could reach approximately $43.7 billion during fiscal year 2027.
The forecast is broadly aligned with the State Bank of Pakistan’s outlook, which expects total remittances to rise to around $44 billion during the fiscal year.
Achieving that level would represent another significant increase in annual remittance inflows and would further strengthen the importance of overseas Pakistani workers to the country’s foreign exchange position.
Strong Start to Fiscal Year 2027
The $3.66 billion recorded in August represents a strong start to FY27 and follows the $3.63 billion received in July.
With total inflows reaching $7.29 billion in just two months, remittances are currently running ahead of the level recorded during the same period of the previous fiscal year.
The continued growth from Saudi Arabia, the UAE, the UK, the European Union, the United States and other Gulf countries provides a broad base for Pakistan’s remittance performance.
If the current trend continues through the remaining months of FY27, Pakistan could move closer to the projected annual inflow of around $44 billion.
For households receiving money from family members working abroad, remittances remain an important source of income. At the national level, these inflows also provide foreign exchange that can support Pakistan’s external financing position.
The latest SBP figures therefore highlight the continued role of overseas Pakistanis in supporting the country’s economy, with August 2026 marking another month of year-on-year growth in workers’ remittances.
Also read: Overseas Pakistanis Send Record $11.8bn in Remittances
