Overseas Pakistanis sent $3.6 billion in July, providing a strong boost to the country’s external account at the start of FY2026-27.
KARACHI: Pakistan received $3.6 billion in workers’ remittances in July 2026, with inflows increasing 13 percent year-on-year (YoY) and 4.5 percent month-on-month (MoM), according to the State Bank of Pakistan (SBP).
The central bank said on Monday that workers’ remittances recorded strong growth at the beginning of the new fiscal year, highlighting the continued contribution of overseas Pakistanis to the country’s economy.
The July inflow was 13 percent higher than the amount received in the same month of 2025 and increased 4.5 percent compared with June 2026.
Saudi Arabia Remains Top Source
Saudi Arabia remained the largest source of remittances during July, with overseas Pakistanis sending $913.9 million to the country.
The United Arab Emirates (UAE) was the second-largest source, contributing $737.3 million, while remittances from the United Kingdom (UK) amounted to $555.5 million.
Pakistanis living in the United States (US) sent $317.2 million during the month.
The strong inflows from major overseas employment destinations helped lift total remittances to $3.6 billion during the first month of fiscal year 2026-27.
PM Shehbaz Welcomes Remittance Growth
Prime Minister Muhammad Shehbaz Sharif welcomed the increase in workers’ remittances and described the July performance as encouraging.
“Remittances sent by overseas Pakistanis increased by 13 percent year-on-year in July 2026, which is highly encouraging,” the prime minister said in a statement issued by the Prime Minister’s Office.
He also welcomed the 4.5 percent monthly increase, saying the continued contribution of overseas Pakistanis was highly commendable.
The prime minister said overseas Pakistanis were a valuable and integral part of the national economic mainstream and appreciated their role in supporting Pakistan’s economic stability and growth.
Support for External Account
The latest increase in remittances provides additional support to Pakistan’s external account and foreign exchange position at the start of fiscal year 2026-27.
Higher remittance inflows can help strengthen the country’s foreign exchange liquidity and support efforts to manage external financing requirements.
The July performance also marks a strong start to the new fiscal year, with continued growth in inflows from key overseas Pakistani communities likely to remain important for Pakistan’s external-sector stability.