Pakistan Remittance Growth Hits $3.5bn in January 2026
Pakistan remittance growth reached $3.5 billion in January 2026. This marked a strong 15.4% rise from the same month last year. The State Bank of Pakistan shared the updated figures. The numbers also showed steady progress during the fiscal year. From July to January FY26, total inflows reached $23.2 billion. This reflected an 11.3% increase from the same period last year.
Key Countries Drive Inflows
Saudi Arabia remained the largest contributor. It sent about $739.6 million in January alone. The United Arab Emirates followed with $694.2 million. The United Kingdom contributed $572.1 million. Meanwhile, the United States sent $294.7 million. Together, these countries formed the core sources of overseas inflows.
Experts See Structural Support
Analysts say the January figure set a new record. Research experts noted that no previous January had reached this level. They linked the growth to several factors. More Pakistanis now work abroad. In addition, the rupee has shown better stability. The gap between formal and informal exchange rates has also narrowed. As a result, more people now send funds through official banking channels. Some experts also mentioned global uncertainty. However, they said structural changes remain the main driver of growth.
Outlook Remains Strong For FY26
Analysts expect inflows to cross $41 billion in FY26. Some forecasts even suggest the total may approach $42 billion. Such levels would set a new fiscal record. They would also support the country’s external accounts. Brokerage reports showed a similar trend. They confirmed the $3.5 billion January figure, with a 15% annual rise. However, the amount slipped about 4% from December. Cumulative inflows for the first seven months still looked strong. They reached $23.2 billion, up 11% from last year.
Experts believe earlier manpower exports are now paying off. In addition, government incentive schemes continue to support formal channels. Strong growth from the UK and Europe also helped lift overall numbers.
