Pakistan kicks of new fiscal year with $3.63 billion in remittances

The State Bank of Pakistan (SBP) has reported that Pakistanis working abroad sent record $3.631 billion in remittances during July 2026, reflecting a 13 percent increase as compared to July 2025 and 4.5 percent more than June.

Among monthly inflows recorded in the outgoing fiscal year (FY), only May 2026 surpassed the July receipt, when Pakistan received $4.25 billion in remittances.

Prime Minister (PM) Muhammad Shehbaz Sharif addressed the inflow data through a statement from the PM Office. “Remittances sent by overseas Pakistanis increased by 13 percent Year-on-Year (YoY) in July 2026, which is highly encouraging,” he said.

The premier added that workers abroad contribute to the growth and stability of the economy, describing them as part of the economic mainstream.

Per the details of the inflow, workers in Saudi Arabia sent $914 million in July 2026, leading all source countries. The amount represents an 11 percent increase from $824 million in July 2025 and a 10 percent increase from $830 million in June 2026.

Inflows from the United Arab Emirates (UAE) reached $737 million, up 11 percent from $665 million in July 2025. While remittances from the UAE dropped 7 percent as compared to the June 2026 total, Pakistanis in the United Kingdom (UK) sent $555 million back home, registering an increase of 23 percent from $450 million recorded in July 2025.

Inflows from the United States (US) totalled $317 million, climbing 7 percent from $296 million in June 2026. Remittances from other Gulf Cooperation Council (GCC) countries rose to $336 million, showing a 14 percent increase from $296 million in July 2025 and a 5 percent gain from $321 million in June 2026.

Workers in the European Union (EU) contributed $462 million in July 2026, Australia $83 million, Canada $64 million and those in Malaysia sent $13 million.

Remittances from other countries added to the sum of $148 million, reflecting an 11 percent increase as compared to July last year.

This follows the July-June period when worker remittances grew 9 percent to $41.6 billion, as compared to $38.3 billion in FY25.