Overseas Pakistanis send record money home

Overseas Pakistanis send record money home

According to the State Bank of Pakistan (SBP) that remittances sent by overseas Pakistanis reached a significant increase with incursion that touched $3.6 billion in December 2025.

As per details the remittances rose by 16.5 percent on a year-on-year basis and a 12.6 percent increase was recorded every month.

The SBP report says that the growth is a reflection of the trust and continued support of overseas Pakistanis.

During the 2025-26 first half fiscal year the total remittances reached $19.7 billion that shows a 10.6 percent surge compared to the same period last year when inflows stood at $17.8 billion.

During December 2025, the highest payment inflows were received from Saudi Arabia at $813.1 million, that is followed by the United Arab Emirates with $726.1 million and the United Kingdom with $559.7 million.

Remittances from the United States amounted to $301.7 million the SBP added.

It is pertinent to mention that Pakistan received $3.2 billion in remittances from overseas workers in November 2025, according to data released by the State Bank of Pakistan (SBP). 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 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.

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.

Also read: Overseas Workers Send $3.2 Billion to Pakistan in November