Overseas Pakistanis Send Home $3.89 Billion in October, Up 13.8% in a Year

In October 2026, overseas Pakistanis sent a substantial $3.89 billion in remittances back to their home country, marking a 13.8% increase compared to the same period last year, according to data from the State Bank of Pakistan (SBP). This upward trend continued from the previous month, with a 8.5% rise in October vs. September. Saudi Arabia, the United Kingdom, and the United Arab Emirates (UAE) were the primary contributors to these funds.

Cumulatively, remittances grew by 14% during the first four months of fiscal year 2027 (FY27), reaching a total of $14.767 billion. The surge in remittances provided critical support to Pakistan's external accounts as the nation faced significant external debt repayments. Saudi Arabia led in remittance inflows, sending $982 million in October, a 17% increase from the previous year.

The UAE came in second, sending $816 million in October, up 16% year-over-year. The UK contributed $592 million in October, a 19% rise from October 2025. The US contributed $329 million in October, a 9% increase from the previous year. Other Gulf Cooperation Council (GCC) countries and European Union countries also contributed significantly, with their combined inflows reaching $1.374 billion and $461 million respectively in October.

Overall, the remittance landscape shows a positive trend for Pakistan, with forecasts predicting the country will receive $44.7 billion in workers' remittances during FY27, a 14% increase from the first four months of the fiscal year.