Pakistan's remittances rise 14% to USD 14.77Bn in July–October

Pakistan received USD 14.77 billion in workers' remittances during the first four months of the current fiscal year, up 14% from USD 12.96 billion in the corresponding period last year, reflecting sustained inflows from overseas workers, according to data compiled by the State Bank of Pakistan (SBP).

Remittances in October reached USD 3.892 billion, an increase of 14% from USD 3.420 billion in the same month last year. On a month-over-month basis, inflows rose 8% from USD 3.588 billion in September.

Which countries contributed the most remittances during July–October?

Saudi Arabia remained Pakistan's largest source of remittances during the first four months of FY27, contributing USD 3.668 billion, or approximately 25% of total inflows. Remittances from the kingdom increased 16% from USD 3.149 billion in the corresponding period last year, according to the data.

The United Arab Emirates (UAE) was the second-largest source, with inflows reaching USD 3.052 billion, up 14% from USD 2.689 billion a year earlier and accounting for 21% of total remittances.

Together, Saudi Arabia and the UAE contributed approximately USD 6.72 billion, representing nearly 46% of all remittances received during July–October FY27.

The United Kingdom contributed USD 2.227 billion, an increase of 19% from USD 1.867 billion, while remittances from European Union (EU) countries rose 10% to USD 1.866 billion from USD 1.702 billion.

Inflows from the United States increased 14% to USD 1.260 billion, compared with USD 1.107 billion in the corresponding period last year.

Other Gulf Cooperation Council (GCC) countries contributed USD 1.374 billion, up 10%, while remittances from other destinations also increased 10% to USD 1.321 billion.

Overall, Pakistan received approximately USD 1.811 billion more in remittances during the first four months of FY27 compared with the same period last year.

How did remittances perform in October?

Saudi Arabia remained the largest source of remittances in October, contributing USD 982 million, up 17% from a year earlier. The UAE followed with USD 816 million, up 16%, while the United Kingdom sent USD 592 million, an increase of 19% compared with October 2025.

Remittances from EU countries reached USD 461 million, up 9% year over year, while inflows from the United States increased 9% to USD 329 million.

Other GCC countries contributed USD 370 million, up 7%, while remittances from other destinations increased 11% to USD 343 million.

On a monthly basis, remittances from Saudi Arabia and the UAE each increased 9%, while inflows from the United Kingdom rose 15% compared with September.

Why are remittances important for Pakistan's economy?

Workers' remittances provide an important source of foreign exchange for Pakistan, supporting the country's external account and helping meet foreign currency requirements.

Sustained remittance growth can help ease pressure on Pakistan's external financing position by providing foreign currency inflows alongside export earnings and other sources of financing.