Pakistan Overseas Remittances Jump 15 Percent

Pakistan overseas remittances jump 15 percent in January 2026, reaching $3.5 billion, according to the State Bank of Pakistan. This shows a notable year-on-year increase compared to $3 billion received in January 2025.

Although inflows declined slightly from December 2025, when they stood at $3.59 billion, analysts said the overall trend reflects continued support from overseas Pakistanis. Remittances remain a critical factor in stabilizing Pakistan’s foreign exchange reserves and managing the current account.

Data shows that Saudi Arabia continued as the largest contributor, sending $740 million, up 2% from last year. The UAE followed with $694 million, marking a 12% increase. The UK also reported strong growth, with inflows jumping 29% to $572 million. European Union countries collectively sent $480 million, a 36% rise from January 2025.

In contrast, remittances from the United States dipped slightly by 1% to $295 million, while other regions contributed $684 million, reflecting a 23% increase. Total remittances in January stood at $3.465 billion, up from $3.003 billion in the same month last year.

During the first seven months of fiscal year 2026, total inflows grew 11% year-on-year to $23.2 billion. Saudi Arabia’s contributions reached $5.46 billion, up 6%, while the UAE sent $4.78 billion, marking a 14% increase. The UK and EU also saw notable growth of 14% and 25%, respectively.

Pakistan overseas remittances jump. Experts said the steady growth in overseas remittances helps Pakistan meet its import requirements, support external accounts, and ease pressure from foreign debt obligations. Analysts believe that sustained inflows from Middle Eastern and European countries will remain crucial for Pakistan’s economic stability in the coming months.