Pakistan received $3.2 billion in remittances from overseas workers in November 2025, according to data released by the State Bank of Pakistan (SBP) on Tuesday. The figure marks a 9.4 percent increase compared to $2.9 billion recorded in the same month last year, though it represents a 7 percent decline from October’s $3.4 billion.
During the first five months of the current fiscal year (5MFY26), remittances rose to $16.1 billion, up from $14.8 billion in the corresponding period last year, a growth of 9.3 percent.
Topline Securities noted that the upward trend in remittances is supported by higher manpower exports in previous years, a narrower gap between formal and informal exchange rates, and the continuation of the government’s remittance incentive package. The firm reaffirmed its forecast of $41 billion in remittances for the full fiscal year, up 7.5 percent from $38 billion in FY25.
UAE remittances show recovery
Experts highlighted renewed momentum in remittances from the UAE. JS Global said that inflows from the UAE accounted for 21 percent of total remittances in November, up from 18 percent in FY24. “Dubai in particular has seen a steady pick-up, reflecting improved inflows from Pakistani expatriates owing to some relaxation in emigration policies,” he told Business Recorder.
Remittances are vital for Pakistan’s economy, supporting the external account, stimulating domestic activity, and bolstering disposable incomes for households dependent on foreign remittances. The government continues to promote remittances through formal channels and incentives to ensure sustained growth.
Since 2009, the Pakistan Remittance Initiative (PRI) has worked to increase home remittances through official channels. The initiative has expanded the network of financial institutions from around 25 in 2009 to over 50 in 2024, including conventional banks, Islamic banks, microfinance banks, and exchange companies.
Electronic Money Institutions are also authorised to receive home remittances through banks, and the number of international entities participating in the network has grown from about 45 in 2009 to nearly 400 at present.
Country-wise breakdown
Overseas Pakistanis in Saudi Arabia sent the largest amount in November, remitting $753 million. This was up 3 percent year-on-year but 10 percent below the $838 million sent in November 2024.
Inflows from the UAE rose to $675 million, a 9 percent increase on a yearly basis. The UK contributed $481 million, down 4 percent from October but up 17 percent compared to the same month last year. Remittances from the US amounted to $277 million, falling 4 percent year-on-year and 8 percent compared to October. Meanwhile, funds from European Union countries reached $417 million, a significant 29 percent increase on a yearly basis.
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