Pakistan records $3.9bn in remittances for October 2026
Overseas workers’ remittances into Pakistan totalled $3.9 billion in October 2026, the State Bank of Pakistan (SBP) said on Tuesday. Remittances rose 13.8% year-on-year to $3.89 billion from $3.42 billion in October 2025. Meanwhile, it recorded an 8.5% increase on a month-on-month basis from $3.6 billion in September 2026 . Cumulatively, workers’ remittances increased by 14% to $14.8 billion…
In October 2026, Pakistan received $3.9 billion in remittances from overseas workers, marking a 13.8% year-on-year increase from $3.42 billion in October 2025, according to the State Bank of Pakistan (SBP). The month-on-month figures showed an 8.5% rise, climbing from $3.6 billion in September 2026 to $3.9 billion. Cumulatively, remittances increased by 14% during July to October 2026 (FY27), reaching $14.8 billion compared to $13 billion in the same period last year.
These funds are crucial for bolstering Pakistan's external account, fueling economic activity, and enhancing the disposable income of households reliant on remittances.
The State Bank of Pakistan (SBP) recently revised its projections for workers' remittances and foreign exchange reserves upward, signaling a positive trend in inflows and a stronger external account outlook. During a press conference, SBP Governor Jameel Ahmed affirmed that workers' remittances have remained robust in the first quarter of FY27 and are anticipated to surpass earlier estimates.
"Remittances are projected to rise further, with Pakistan's inflows reaching $45 billion for the current fiscal year, up from the earlier forecast of $44 billion," he stated.
Saudi Arabia remained the primary source of remittances for Pakistan in October 2026, with $982 million sent, an 17% increase from $838 million sent in October 2025 and a 9% surge from $899 million in September 2026. The United Arab Emirates also contributed significantly, with remittances rising by 16% year-on-year, from $703 million in October 2025 to $816 million in October 2026, and 9% month-on-month, up from $749 million in September 2026.
Remittances from the UK amounted to $592 million in October 2026, reflecting a 19% increase from $499 million in the same period last year. In October 2026, overseas Pakistanis in the United States sent $329 million, representing a 9% increase from $301 million in October 2025, with a 8% rise month-on-month from $306 million in August 2026.
European Union (EU) countries contributed $461 million in October 2026, marking a modest 3% growth month-on-month from $448 million in September 2026.
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