ISLAMABAD: Pakistan received $3.2 billion in overseas workers’ remittances in November 2025, registering a 9.4% year-on-year increase compared to $2.9 billion in the same month last year, according to data released by the State Bank of Pakistan (SBP). Despite the annual rise, November inflows fell 7% from the $3.4 billion received in October.
During the first five months of FY26, total remittances reached $16.1 billion, up from $14.8 billion in the corresponding period of FY25 — an increase of 9.3%. These inflows remain crucial for stabilizing Pakistan’s external account, supporting domestic economic activity, and contributing significantly to household incomes. The government continues to encourage the use of formal channels through various incentives and regulatory reforms.
Officials highlight that the Pakistan Remittance Initiative (PRI), launched in 2009, has expanded its reach markedly. The network of participating financial institutions has grown from 25 in 2009 to more than 50 by 2024, spanning conventional and Islamic banks, microfinance banks, and exchange companies. International remittance partners have increased from approximately 45 to nearly 400, while Electronic Money Institutions (EMIs) are now allowed to receive remittances through banks.
SBP figures show that Saudi Arabia remained the largest contributor in November, with overseas Pakistanis sending $753 million — a 3% rise from last year but 10% lower than October. The United Arab Emirates followed with $675 million, reflecting a 9% yearly increase in inflows.
From the United Kingdom, remittances reached $481 million, 17% higher year-on-year despite a 4% monthly decline. Inflows from the United States amounted to $277 million, down 4% from last year and 8% from October. The strongest growth came from European Union countries, where remittances surged 29% to $417 million, marking the highest annual increase among major corridors.
