Overseas Pakistanis sent $3.892 billion in workers’ remittances to Pakistan during October 2026, marking a 13.8% increase compared with the same month last year, as foreign money transfers continued to strengthen the country’s external financial position.
According to the reported State Bank of Pakistan (SBP) figures, Pakistan’s overseas remittances also increased by 8.5% compared with September, reflecting continued growth in transfers from Pakistani workers living abroad.
Saudi Arabia, the United Arab Emirates (UAE) and the United Kingdom remained the largest contributors to remittances to Pakistan, highlighting the importance of overseas employment markets for the country’s foreign exchange inflows.
Cumulatively, Pakistan workers’ remittances reached $14.767 billion during the first four months of FY2026-27, compared with $12.956 billion in the corresponding period last year. This represents an annual increase of approximately 14%.
The growth in overseas remittances provides important support to Pakistan’s external account, particularly as the country manages foreign currency requirements, international debt repayments and pressure on its balance of payments.
The State Bank of Pakistan publishes official data on workers’ remittances and the country’s external-sector performance.
Saudi Arabia, UAE and UK Lead Remittances to Pakistan
Saudi Arabia remained the largest source of remittances to Pakistan, contributing $982 million in October 2026.
The inflows increased 17% from $838 million received during October 2025 and were 9% higher than September’s $902 million. Cumulative Saudi Arabia remittances to Pakistan reached $3.668 billion during July-October FY27, registering annual growth of 16%.
The United Arab Emirates ranked second among the leading sources of overseas Pakistanis’ remittances, with transfers reaching $816 million in October.
The amount was 16% higher than the $703 million received in October last year. Monthly inflows also increased 9% from September’s $749 million.
During the first four months of FY27, UAE remittances to Pakistan totalled $3.052 billion, compared with $2.689 billion in the corresponding period last year, representing growth of 14%.
The United Kingdom also recorded strong growth in Pakistan remittance inflows, contributing $592 million in October.
This represented a 19% increase from $499 million received during October 2025. Monthly transfers increased 15% compared with September.
Cumulative UK remittances to Pakistan reached $2.227 billion during July-October FY27, up from $1.867 billion a year earlier.
US and European Countries Increase Overseas Money Transfers
The United States contributed $329 million in workers’ remittances to Pakistan during October, compared with $301 million in the same month last year, representing annual growth of 9%.
Monthly inflows from the US also increased 8% from September’s $306 million. Cumulative transfers reached $1.260 billion during the first four months of FY27, compared with $1.107 billion in the corresponding period last year.
Meanwhile, remittances from European Union countries reached $461 million in October, registering a 9% increase from $422 million a year earlier.
Compared with September’s $448 million, EU inflows increased by 3%.
During July-October FY27, remittances from Europe to Pakistan reached $1.866 billion, compared with $1.702 billion in the same period last year, marking an annual increase of 10%.
The continued growth in transfers from the United States and European countries reflects the contribution of overseas Pakistani communities to the country’s foreign exchange earnings.
Other GCC Countries Contribute $370 Million
Other Gulf Cooperation Council (GCC) countries collectively sent $370 million to Pakistan in October, compared with $346 million during the same month last year.
The amount represented annual growth of 7% and a monthly increase of 8%.
Cumulative GCC remittances to Pakistan reached $1.374 billion during the first four months of FY27, compared with $1.245 billion in the corresponding period last year.
Transfers from other countries also increased, reaching $343 million in October against $310 million a year earlier.
These inflows recorded annual growth of 11% and monthly growth of 4% compared with September’s $329 million.
Cumulative remittances from other international markets reached $1.320 billion during July-October FY27, up from $1.197 billion in the same period last year.
Pakistan’s Remittances Could Reach $44.7 Billion in FY27
Topline Research has projected that Pakistan’s overseas workers’ remittances could reach $44.7 billion in FY2026-27, supported by sustained growth in money transfers from major overseas employment markets.
The projection follows a reported 14% increase in Pakistan remittances during FY27’s first four months, with October inflows approaching $3.9 billion.
The strong performance of remittance channels from Saudi Arabia, the UAE, the UK and other major markets could help Pakistan maintain its foreign exchange inflows throughout the fiscal year.
For Pakistan, workers’ remittances are an important source of external financing. They support household consumption, contribute to foreign exchange availability and help reduce pressure on the country’s balance of payments.
Continued growth in overseas Pakistanis’ money transfers could therefore play an important role in supporting Pakistan’s economic stability as the government manages external debt obligations and other international payments.
