Pakistan received a record $4.25 billion in workers’ remittances in May 2026, setting the highest monthly inflow in the country’s history. The strong inflow gave further support to Pakistan’s external sector and foreign exchange reserves.
According to data released by the State Bank of Pakistan and estimates from Topline Research, remittances increased 20 percent compared to April 2026. They also rose 15 percent year-on-year in May 2025.
The sharp increase mainly came from seasonal transfers linked to Eid. Overseas Pakistanis usually send more money home during the festive period. As a result, remittance inflows remained strong throughout the month.
During the first 11 months of FY26, Pakistan received $38.1 billion in total remittances. This figure shows a 9 percent increase compared to the same period last fiscal year. The latest numbers also put the country on track to post its highest yearly remittance inflow ever.
Saudi Arabia remained the biggest source of remittances in May 2026. Overseas Pakistanis in the Kingdom sent $1.03 billion during the month. The UAE followed closely with $1.01 billion in inflows. Meanwhile, remittances from the UK reached $645 million. Inflows from the US stood at $350 million. Pakistan also recorded solid growth in remittances from the European Union and several other regions.
Analysts believe the continued rise in remittances reflects the confidence of overseas Pakistanis in the country’s economy. They added that remittances continue to play a major role in supporting Pakistan’s external account stability during ongoing economic challenges.
With one month left in FY26, Topline Research expects total remittances to cross $41 billion for the first time in Pakistan’s history. If achieved, it would set a new annual record for the country.
