Pakistan received $3.8 billion in overseas workers’ remittances in March 2026, showing a 5 percent year-on-year (YoY) decrease compared with $4 billion received in March 2025.
However, on a month-on-month (MoM) basis, inflows increased by 17 percent from $3.28 billion in February 2026.
The State Bank of Pakistan data showed remittances during the first nine months of FY26 (9MFY26) rose 8 percent YoY to $30.3 billion, supported by strong inflows from Saudi Arabia, the UK and UAE.
Country-wise data shows Saudi Arabia remained the largest source, with inflows of $918 million in March 2026, down 7 percent YoY. Remittances from UAE fell by 2 percent YoY to $824 million, while inflows from the UK fell 14 percent YoY to $587 million.
Topline Securities said the current remittances growth momentum is continuing on the back of higher manpower exports in previous years, lower differential in the formal and informal exchange market, and continuation of the remittances incentive package.
However, the recent regional situation is likely to weigh on remittance inflows going forward.
Remittances from the US decreased by 14 percent YoY to $359 million. Overall, total remittances in March 2026 stood at $3.831 billion, compared with $4.054 billion a year earlier.
During 9MFY26, inflows from the UAE increased to $6.267 billion, up 10 percent YoY, while remittances from Saudi Arabia rose 3 percent YoY to $7.086 billion.
The UK and EU also posted strong growth of 8 percent and 20 percent YoY, respectively.
