Pakistan’s Remittances Rise 16.5% To $3.66bn In August 2026.
✧ GENERATE BRIEFING +
Pakistan’s external account received a substantial boost as workers’ remittances surged 16.5% year-on-year to reach $3.656 billion in August 2026, according to official data released by the State Bank of Pakistan (SBP). The figures also reflect a modest 0.7% growth compared to the $3.63 billion recorded in July, maintaining the vital monthly inflow benchmark above $3.5 billion. For the first two months of fiscal year 2027 (July–August), cumulative remittances hit $7.3 billion, marking a robust 14.7% expansion over the corresponding period of the previous fiscal year and underpinning critical foreign-exchange liquidity for the country.Geographically, Saudi Arabia remained the single largest contributor, with overseas Pakistanis remitting $873.5 million (up 19% year-on-year), followed by the United Arab Emirates at $749.8 million (a 17% annual increase) and the United Kingdom at $563.7 million (up 22%). Finance Ministry adviser Khurram Schehzad emphasized that sustained remittance inflows serve as a core pillar of external-sector stability.
Pakistan received $3.656 billion in workers’ remittances in August 2026, marking a 16.5% increase from the same month last year, according to data released by the State Bank of Pakistan (SBP).
Remittance inflows also edged up 0.7% month-on-month, compared with July’s inflow of around $3.63 billion. The latest figure keeps monthly remittances above the $3.5 billion mark despite continued pressure on the country’s external sector.
During the first two months of FY2027, overseas Pakistanis sent a cumulative $7.3 billion, up 14.7% from approximately $6.4 billion received during the corresponding period of the previous fiscal year.
Saudi Arabia remained the largest source of remittances in August, with Pakistani workers sending $873.5 million, up 19% year-on-year. However, the monthly flow from the kingdom fell 4% from $914 million in July.
The United Arab Emirates contributed $749.8 million, an annual increase of 17%, while inflows from the United Kingdom reached $563.7 million, rising 22% year-on-year.
Strong remittance growth is providing support to Pakistan’s foreign-exchange liquidity and external account, while also boosting household incomes and consumption. Finance Ministry adviser Khurram Schehzad described sustained remittance inflows as an important pillar of external-sector resilience.
Topline Securities expects Pakistan’s remittances to reach $43.7 billion in FY2027, reflecting continued growth in formal-channel inflows. However, analysts have also cautioned that excessive reliance on remittances cannot substitute for stronger exports and other sustainable sources of foreign exchange
