State Bank of Pakistan on Monday announced that Pakistan received $3.5 billion in workers’ remittances during April 2026.
According to the central bank, remittances increased by 11.4 percent on a year-on-year basis, although they declined by 7.6 percent compared with the previous month.
The inflows continued to provide support to Pakistan’s external account and foreign exchange reserves.
Remittances cross $33.9 billion in FY26
Cumulatively, workers’ remittances reached $33.9 billion during July-April of fiscal year 2025-26.
The amount reflected an increase of 8.5 percent compared with $31.2 billion received during the same period of the previous fiscal year.
Analysts said higher remittance inflows remained a key source of external financing for Pakistan’s economy amid ongoing efforts to stabilize the balance of payments position.
Saudi Arabia remains top source of remittances
The SBP said remittances during April 2026 were mainly received from Gulf countries and major overseas markets.
Saudi Arabia remained the largest source of remittances, contributing $841.7 million during the month.
The United Arab Emirates followed with inflows of $734.7 million.
Pakistan also received significant remittance inflows from the United Kingdom amounting to $563.7 million and from the United States totaling $317.6 million.
Economists believe remittance inflows may remain strong in coming months due to increased transfers ahead of Eidul Azha and improving formal banking channels.