Global Remittance Growth Boosts Pakistan’s Inflows in First Five Months of FY26
Pakistan recorded strong gains in workers’ remittances during the first five months of FY26. The country received $16.1 billion during this period, showing clear signs of global remittance growth. This steady rise offered support to families and stabilised parts of the economy.
According to the State Bank, inflows reached $3.19 billion in November. However, the amount was slightly lower than October’s figure. Even then, November inflows were noticeably higher compared to the same month last year.
The July November total increased 9% year on year. Therefore, the numbers provided a positive signal for policymakers. Many observers believe that stronger formal channels and improved confidence helped drive this upward trend.
Where Money Came From
Saudi Arabia remained the top contributor in November. Overseas Pakistanis living there sent $753 million. In addition, workers from the United Arab Emirates sent $675 million, continuing a firm flow of support.
During the first five months, inflows from Saudi Arabia reached $3.90 billion. The UAE followed with $3.36 billion. The United Kingdom contributed $2.34 billion, while workers in the United States sent $1.38 billion. These regions have consistently supported Pakistan’s external finances.
Brokerage reports also highlighted the trend. Arif Habib Limited noted that November inflows rose 9% year on year. However, they dipped 7% month on month due to changing global conditions. The firm added that cumulative inflows reached $16.14 billion during the five month period.
Topline Securities shared a similar assessment. It stated that November inflows “came in at” about $3.2 billion. The report also explained that stronger manpower exports supported the rise. In addition, narrower differences between formal and informal exchange markets encouraged workers to use legal channels.
Outlook Ahead
Analysts expect the upward trend to continue. They noted that the current incentive package for remitters remains in place. As a result, more workers may choose official transfer routes.
Topline Research maintained its annual forecast at $41 billion for FY26. This would mark a 7.5% rise from last year. Economists say this outlook reflects ongoing confidence from overseas communities. Many families across Pakistan benefit from these inflows, and inclusive growth depends heavily on such support.
