Pakistan’s remittances surge 14% to $10.9 billio...

Summary

• Pakistan received $10.9 billion in workers’ remittances during the first quarter of the fiscal year 2026-27, marking a 14 per cent increase compared with the same period last year, according to the State Bank of Pakistan (SBP).
• The SBP reported that overseas Pakistanis sent $3.6 billion during the month, representing a 12.7 per cent increase compared with September last year but a 1.9 per cent decrease from August 2026.
• The United Arab Emirates ranked among the other major contributors, with remittances reaching $2.23 billion, up 12.6 per cent from the same period last year.

AI Generated Summary

Pakistan received $10.9 billion in workers’ remittances during the first quarter of the fiscal year 2026-27, marking a 14 per cent increase compared with the same period last year, according to the State Bank of Pakistan (SBP).

The country received $9.5 billion in remittances during July-September of the previous fiscal year. The latest increase offers support to Pakistan’s external finances as the government continues efforts to stabilise the economy and meet its annual remittance target of $44 billion.

However, inflows recorded a slight monthly decline in September. The SBP reported that overseas Pakistanis sent $3.6 billion during the month, representing a 12.7 per cent increase compared with September last year but a 1.9 per cent decrease from August 2026.