Strong Eid-driven inflows lift overseas remittances to historic peak
ISLAMABAD, June 6, 2026 — Pakistan remittances surged 20% month-on-month in May 2026, reaching a record monthly high as inflows from overseas workers strengthened ahead of Eid, according to official economic data.
Worker remittances stood at US$4.3 billion in May, compared with US$3.54 billion in April, marking a sharp increase both on a monthly and annual basis. On a year-on-year basis, inflows rose 15%, reflecting sustained strength in remittance channels despite global economic uncertainty.
Record Monthly Inflows
The May 2026 figure represents the highest-ever monthly remittance inflow recorded by Pakistan, highlighting continued financial support from overseas Pakistanis.
Economists said the increase reflects improved formal transfer channels alongside higher seasonal inflows from expatriate workers.
Eid-Driven Seasonal Boost
Analysts attributed the surge primarily to Eid-related remittances, as overseas Pakistanis typically send additional funds home ahead of religious festivals to support family expenditures.
This seasonal pattern significantly contributed to the sharp month-on-month increase observed during May.
Strong 11-Month Fiscal Performance
During the first eleven months of fiscal year 2025–26, cumulative remittances reached US$38.1 billion, up 9% compared with the same period last year.
The consistent upward trend underscores the continued role of remittances as a key pillar of Pakistan’s external account stability.
Support for External Balance
Remittance inflows remain a crucial buffer for Pakistan’s balance of payments, helping offset pressure from import needs and fluctuating export earnings.
Economists expect inflows to remain resilient in the coming months, though growth may moderate following the Eid-driven seasonal peak.
