Overview
- The State Bank of Pakistan reported on Monday that workers’ remittances totaled $3.631 billion in July 2026, up about 13% from July 2025 and about 4.5% from June.
- Those July inflows helped cement a record $41.6 billion in remittances for fiscal 2025–26, an increase from $38.3 billion the prior year.
- Saudi Arabia was the largest July corridor at roughly $914 million, followed by the United Arab Emirates ($737.3 million), the United Kingdom ($555.5 million) and the United States ($317.2 million).
- Prime Minister Shehbaz Sharif welcomed the figure and the government reiterated measures to encourage use of formal banking channels and incentives for overseas Pakistanis.
- Analysts at Topline Securities project about $40.1 billion in remittances for FY27 but caution that monthly seasonality and heavy reliance on a few countries leave Pakistan’s external account exposed if labour markets or geopolitics shift.