Pakistan received $3.63 billion in workers’ remittances in July 2026, marking a 13% year-on-year increase and a 4.5% rise compared with June, according to data released by the State Bank of Pakistan (SBP).
The strong inflows have provided a positive start to the new fiscal year, with overseas Pakistanis continuing to support the country’s external sector despite ongoing uncertainty in the Middle East.
Experts said the regional situation has not significantly disrupted remittance flows, particularly from Gulf countries, where a large number of Pakistani workers reside.
Saudi Arabia remained the largest source of remittances in July, with Pakistani nationals sending $914 million to the country.
The United Arab Emirates (UAE) followed with $733 million, while Pakistanis in the United Kingdom sent $555 million.
Remittances from the European Union amounted to $460 million, while other Gulf countries contributed $336 million. Inflows from the United States stood at $320 million.
Several major remittance corridors recorded notable growth during the month. Remittances from the UK accounted for 23% of the overall increase, while the US contributed 18%. Inflows from Saudi Arabia and the UAE also increased by more than 11% each, while those from the European Union rose by 9%.
The SBP has set a $44 billion remittance target for fiscal year 2026-27.
Pakistan received a record $41.6 billion in remittances during FY2025-26, providing a strong base for the government’s latest target.
The robust July inflow is being viewed as a positive development for Pakistan’s external account and economic stability, while highlighting the continued contribution of overseas Pakistanis to the national economy.
Prime Minister Shehbaz Sharif welcomed the increase in remittances, saying the $3.6 billion received in July reflected the continued contribution of overseas Pakistanis.
He noted the 13% year-on-year and 4.5% month-on-month growth, and praised overseas Pakistanis for their role in supporting Pakistan’s economic stability and development.
The continued rise in workers’ remittances provides Pakistan with an important source of foreign exchange and helps strengthen the country’s external position.
