Pakistan remittances up 9% to $16.1bn in Jul–Nov FY26
“SBP data show remittances climbed 9% to $16.145bn in Jul–Nov FY26.”
Key points
- SBP data show remittances climbed 9% to $16.145bn in Jul–Nov FY26.
- Saudi Arabia and the UAE led sources as brokerages cited incentives and a narrower exchange-rate gap.
- November inflows eased from October but were higher year-on-year.
Pakistan received $16.145 billion in workers’ remittances during the first five months of FY26 (July–November), a 9% year-on-year increase, according to State Bank of Pakistan data.
In November alone, inflows stood at $3.19 billion — up 9% from the same month last year but down 7% versus October. Saudi Arabia remained the largest single source with $753 million in November. Over July–November, remittances totalled $3.90 billion from Saudi Arabia, $3.36 billion from the UAE, $2.34 billion from the UK and $1.38 billion from the United States.
Brokerages said the trend is being supported by stronger manpower exports in recent years, a narrower gap between formal and informal exchange rates, and the continuation of incentive schemes encouraging transfers through official channels.
Arif Habib Limited and Topline Securities maintained a constructive outlook, with Topline projecting FY26 remittances at around $41 billion if current drivers persist.
Analysts added that while the November dip from October reflects typical monthly volatility, the broader uptrend suggests household inflows remain resilient amid improving macro stability.
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