ISLAMABAD: Pakistan recorded its highest-ever workers’ remittances of $41.6 billion during FY2025-26, reflecting a 9% increase from the $38.29 billion received in the previous fiscal year. The record inflows strengthened the country’s external account and highlighted the continued contribution of overseas Pakistanis.
During June 2026, workers sent $3.475 billion through official channels. The amount increased 2% compared with June last year. However, it declined 18% from May as remittance flows returned to normal after the Eid-related surge recorded in the previous month.
According to Waqas Ghani, Head of Research at JS Global Capital, higher overseas employment, greater use of formal banking channels, and a stable exchange rate supported remittance growth throughout the fiscal year.
Saudi Arabia Leads Major Remittance Sources
Saudi Arabia remained Pakistan’s largest source of remittances in June, with overseas workers sending $830 million. The United Arab Emirates followed with $792 million, while the United Kingdom contributed $515 million. Meanwhile, the European Union accounted for $415 million, other Gulf Cooperation Council countries sent $321 million, the United States contributed $297 million, and other countries added $305 million.
On an annual basis, Saudi Arabia retained the top position by sending $9.783 billion during FY2025-26. The United Arab Emirates ranked second with $8.807 billion, followed by the United Kingdom at $6.326 billion. Furthermore, remittances from the European Union reached $5.227 billion, while other Gulf Cooperation Council countries contributed $3.934 billion. Other countries sent $3.884 billion, and the United States accounted for $3.624 billion.
Among major remittance corridors, the European Union posted the strongest annual growth at 15%. The United Arab Emirates followed with 12%, while the United Kingdom, other Gulf Cooperation Council countries, and Saudi Arabia also recorded steady gains. However, remittances from the United States declined by 3% during the fiscal year.
