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Pakistan’s December Remittances Jump to $3.6 Billion, Taking H1 FY26 to $19.7 Billion

Analysts credit policy incentives that are funneling more dollars through official channels.

Overview

  • SBP reported $3.6 billion in workers’ remittances for December 2025, up 16.5% year over year and about 12.6% month over month from November’s $3.2 billion.
  • Cumulative remittances for July–December FY26 reached $19.7 billion, an increase of roughly 11% from the same period a year earlier.
  • Saudi Arabia led December inflows at $813 million, followed by the UAE at $726 million, the UK at $560 million, the EU at $499 million, and the United States at about $302 million.
  • Within the UAE, Dubai accounted for the largest share at approximately $565.7 million, with smaller contributions from Abu Dhabi, Sharjah, and other emirates.
  • Topline Securities maintained its full‑year FY26 projection at $41 billion, citing sustained manpower exports, a tighter formal‑informal exchange-rate gap, and the remittance incentive program.