Pakistan Achieves Record $41.6 Billion in FY26 Remittances

Pakistan received a record USD 41.6 billion in workers’ remittances during fiscal year 2025-26 (FY26), marking the highest annual inflow in the country’s history. This milestone was driven by stronger inflows from overseas Pakistanis, supported by structural reforms and policy measures introduced by the government and the State Bank of Pakistan (SBP).

According to SBP data, remittances cumulatively rose by 8.6 percent during the last fiscal year, with overseas Pakistanis sending USD 41.6 billion in FY26 compared to USD 38.3 billion received during FY25. On a monthly basis, workers’ remittances stood at USD 3.5 billion in June 2026, a 2 percent increase year-on-year from June 2025, though it declined by 18.3 percent month-on-month from the record USD 4.25 billion received in May 2026.

Major corridors for remittances in June 2026 included Saudi Arabia (USD 829.6 million), United Arab Emirates (USD 792.2 million), United Kingdom (USD 514.9 million), and United States of America (USD 296.8 million). The rise in remittances is attributed to structural reforms, including stricter action against smuggling and illegal cross-border cash flows, stronger enforcement against the hundi and hawala system, and reforms in the exchange company sector.

Pakistan received $3.5 billion in workers’ remittances during June 2026, according to data released by the State Bank of Pakistan (SBP) on Thursday. These inflows were 2 percent higher compared to June last year but saw an 18.3 percent decrease from the amount recorded in May 2026.

For the full fiscal year 2025-26, overseas Pakistanis sent home $41.6 billion in remittances, marking an 8.6 percent increase from the $38.3 billion received during the previous fiscal year. Saudi Arabia remained the largest source of remittances in June, contributing $829.6 million. It was followed by the United Arab Emirates with $792.2 million, the United Kingdom with $514.9 million, and the United States with $296.8 million.