Dubai: Overseas Pakistanis sent home $14.8 billion during the first four months of the current financial year, marking a 14 per cent increase over the same period last year, with workers in the UAE and Saudi Arabia continuing to play a major role in supporting Pakistan’s economy.
Despite ongoing tensions and conflict in the Gulf region, remittances from Pakistani expatriates have remained strong, providing a vital source of foreign exchange and helping the country strengthen its external financial position.
According to data released by the State Bank of Pakistan (SBP) on Tuesday, remittances reached $3.9 billion in October 2026, an increase of 13.8 per cent compared with the same month last year and 8.5 per cent higher than September.
Total inflows during July-October of the 2026-27 financial year rose to $14.8 billion, compared with $13 billion during the corresponding period last year.
Remittances from UAE
The UAE remained Pakistan’s second-largest source of remittances, with Pakistani residents transferring $3.051 billion during the first four months of FY27, an increase of 13.5 per cent year-on-year.
In October alone, Pakistanis living in the UAE sent home $815.9 million, highlighting the country’s continued importance as a major employment destination for Pakistani expatriates.
Although remittances from the UAE continued to grow, the pace was slightly slower than the 15.2 per cent increase recorded during the…
