Pakistan Records Highest-Ever Remittances of $41.6 Billion in FY26

Pakistan recorded its highest-ever remittances of $ 41.6 billion in FY2025-26, marking a 9 percent year-on-year increase, as compared to $38.29 billion recorded in FY25.

Pakistan received $3.475 billion in workers’ remittances in June 2026, marking a 2 percent increase over the same month last year. However, inflows declined 18 percent from May as remittances normalized following the Eid-related surge recorded in the previous month.

Waqas Ghani, Head of Research at JS Global Capital, said higher overseas employment, continued migration to formal banking channels and a stable exchange rate supported remittance inflows throughout the year.

Saudi Arabia remained Pakistan’s largest source of remittances during June, with expatriates sending $830 million, followed by the United Arab Emirates at $792 million, the United Kingdom at $515 million, the European Union at $415 million, Other Gulf Cooperation Council countries at $321 million, the United States at $297 million, and other countries at $305 million.

On an annual basis, Saudi Arabia also remained the leading contributor, with remittances totaling $9.783 billion during FY26. The United Arab Emirates followed with $8.807 billion, while inflows from the United Kingdom reached $6.326 billion. Remittances from the European Union stood at $5.227 billion, followed by Other Gulf Cooperation Council countries at $3.934 billion, other countries at $3.884 billion, and the United States at $3.624 billion.

Among major corridors, remittances from the European Union recorded the strongest annual growth of 15 percent, followed by the United Arab Emirates at 12 percent, the United Kingdom at 7 percent, Other Gulf Cooperation Council countries at 6 percent, and Saudi Arabia at 5 percent. In contrast, remittances from the United States declined 3 percent during the fiscal year.

Despite the month on month decline in June, the latest figures extend Pakistan’s strong remittance performance throughout FY26, providing important support to the country’s external account, foreign exchange reserves, and household incomes.

Topline Research attributed the monthly decline to a higher comparison base in May, when remittance inflows were boosted by seasonal transfers ahead of the festive period.