Karachi: Pakistan achieved a new economic milestone as monthly remittances reached a record level in May 2026. Overseas Pakistanis sent an unprecedented $4.3 billion during the month, setting the highest figure ever recorded in the country’s history.
According to the State Bank of Pakistan, monthly remittances increased significantly compared to both the previous month and the same period last year. The central bank reported a 20.2 percent monthly increase and a 15.4 percent annual rise.
The latest figures highlight the strong contribution of overseas Pakistanis to the national economy. As a result, monthly remittances continue to play a vital role in supporting foreign exchange reserves and maintaining economic stability.
Furthermore, cumulative inflows during the first eleven months of the current fiscal year reached $38.1 billion. During the same period last year, Pakistan received $34.9 billion. Therefore, total remittance inflows registered an impressive growth of 9.2 percent.
Saudi Arabia remained the largest contributor to remittances in May. Overseas Pakistanis living in the Kingdom sent $1.025 billion during the month. This amount represented the highest contribution from any single country.
Meanwhile, the United Arab Emirates secured the second position. Pakistani workers in the UAE sent $1.066 billion back home. In addition, the United Kingdom contributed $645.5 million, while remittances from the United States reached $349.8 million.
Economic experts believe rising monthly remittances reflect growing confidence among overseas Pakistanis. Moreover, these inflows provide valuable support to the country’s external account and help strengthen the national currency.
The record-breaking performance also offers relief to policymakers who continue efforts to improve economic indicators. Consequently, stronger foreign inflows could create additional financial stability in the coming months.
The latest data shows that monthly remittances remain one of Pakistan’s strongest sources of foreign exchange. As overseas Pakistanis continue to support their families and invest in the country’s future, monthly remittances are likely to remain a key pillar of economic growth.
