Pakistan Remittances Hit $3.89bn in October

Pakistan remittances reached $3.892 billion in October 2026, rising 13.8 per cent from the same month last year as overseas workers sent more money home through formal channels.

The inflows, reported by the State Bank of Pakistan, were also 8.5 per cent higher than the receipts in September. Saudi Arabia, the United Kingdom and the United Arab Emirates remained the largest sources of the money.

The October figure keeps up a strong run for the current fiscal year. Remittances totalled $14.767 billion in the first four months of FY27, up 14 per cent from $12.956 billion in the same period last year. The steady inflows are giving the external account timely support at a time of heavy debt repayments.

Pakistan remittances by country in October

Saudi Arabia stayed the largest source of remittances, sending $982 million in October. That was up 17 per cent from $838 million a year earlier and 9 per cent from September. Inflows from the kingdom reached $3.668 billion in the July to October period, a rise of 16 per cent over the year before.

The UAE was the second largest source, sending $816 million in October, up 16 per cent from $703 million a year ago. Monthly inflows rose 9 per cent from $749 million in September. Remittances from the UAE totalled $3.052 billion in the first four months of FY27, against $2.689 billion a year earlier, a gain of 14 per cent.

Remittances from the United Kingdom reached $592 million in October, up 19 per cent from $499 million in October 2025 and 15 per cent from September. Inflows from Britain totalled $2.227 billion in the first four months, up 19 per cent from $1.867 billion in the same period last year.

The United States sent $329 million, up 9 per cent from $301 million a year earlier. Remittances from the US reached $1.260 billion in the July to October period, up 14 per cent from $1.107 billion.

The European Union sent $461 million in October, up 9 per cent from $422 million a year earlier. In the first four months of FY27, EU remittances totalled $1.866 billion, up 10 per cent from $1.702 billion.

Other Gulf states sent $370 million, up 7 per cent from $346 million a year earlier. Their remittances reached $1.374 billion in the July to October period, up 10 per cent from $1.245 billion.

Other countries sent $343 million, up 11 per cent from $310 million a year earlier. Their remittances reached $1.320 billion in the first four months of FY27, up 10 per cent from $1.197 billion.

Why the inflows matter for the economy

Remittances are one of Pakistan’s most reliable sources of foreign exchange. They help pay for imports, support the rupee and build the reserves the State Bank uses to meet external payments. Pakistan has stretched the average maturity of its public debt to 3.8 years, easing refinancing pressure, but repayments of Rs17 trillion in domestic principal fall due in FY27. Foreign exchange reserves have also been building, with the State Bank’s reserves rising to $21.56 billion.

Foreign investors have added to the inflows, putting $747 million into Pakistan’s government bonds and treasury bills in the first four months of FY27. Exports to the United States rose in the first quarter of FY27, although imports surged faster and widened the trade gap.

Topline Research expects workers’ remittances to reach $44.7 billion in FY27. The forecast follows the 14 per cent rise in the first four months of the fiscal year, with October alone recording nearly $3.9 billion in transfers from overseas Pakistanis. ProPakistani reported the State Bank figures on Tuesday.

Frequently asked questions

How much did overseas Pakistanis send home in October 2026?

They sent $3.892 billion, up 13.8 per cent from October 2025 and 8.5 per cent higher than the receipts in September 2026.

How much have remittances totalled in FY27 so far?

Remittances reached $14.767 billion in the first four months of FY27, up 14 per cent from $12.956 billion in the same period last year.

Which country sent the most remittances to Pakistan?

Saudi Arabia remained the largest source, sending $982 million in October. The UAE followed with $816 million, and the United Kingdom sent $592 million.

How much did remittances from the UK grow?

Inflows from the United Kingdom reached $592 million in October, up 19 per cent from $499 million a year earlier. In the first four months of FY27 they totalled $2.227 billion.

What is the forecast for remittances in FY27?

Topline Research expects workers’ remittances to reach $44.7 billion in FY27, after a 14 per cent rise in the first four months of the fiscal year.