Pakistan remittances jump 13% to $3.6 billion in July

<Pakkistan received $3.6 billion in workers' remittances in July 2026, marking a 13% increase compared to the previous year and a 4.5% rise from June 2026. Saudi Arabia was the primary source, sending $913.9 million, followed by the UAE ($737.3 million), the UK ($555.5 million) and the US ($317.2 million). Together, these two countries contributed over $1.65 billion, or 46% of the total.

Prime Minister Shehbaz Sharif welcomed the 13% annual growth, calling it "highly encouraging". Pakistan anticipates remittances will reach $40.1 billion by the 2026-27 financial year. Economist Dr Khaqan Najeeb noted that while remittances are crucial for managing Pakistan's balance of payments, they also indicate a lack of job creation at home.

He emphasized that instead of creating sufficient productive jobs, Pakistan is exporting labor overseas.