Workers’ remittances to Pakistan climbed 9% year-on-year to $16.145 billion in the first five months of the financial year 2025-26 (July-November), even as monthly inflows dropped to $3.19 billion in November, State Bank of Pakistan (SBP) data showed.
According to the SBP, remittances in November 2025 were 9% higher than the $2.92 billion recorded in November 2024, but stood 7% below October 2025’s $3.42 billion.
The July–November tally compares with roughly $14.77 billion in the corresponding period of FY25, underscoring a 9% YoY rise.
Saudi Arabia remained the largest source of inflows in November, with overseas Pakistanis sending $753 million, followed by the United Arab Emirates, which sent $675 million.
Over the first five months of FY26, remittances from Saudi Arabia amounted to $3.90 billion, from the UAE to $3.36 billion, and from the United Kingdom to $2.34 billion. In the same period, inflows from the United States stood at $1.38 billion.
Arif Habib Limited noted that remittances by overseas Pakistanis increased 9% year-on-year to $3.19 billion in November 2025 from $2.92 billion a year earlier, while declining 7% on a month-on-month basis.
It added that cumulative remittances in 5MFY26 rose 9% YoY to $16.14 billion.
In an economy alert issued today, Topline Securities said Pakistan’s remittances “came in at” about $3.2 billion in November, up 9% YoY and down 7% month-on-month, taking 5MFY26 inflows to $16.145 billion, also 9% higher than the same period of FY25.
According to Topline Research, the current remittance growth is being supported by higher manpower exports in previous years, a narrower gap between formal and informal exchange-market rates and the continuation of the remittance incentive package.
The brokerage maintained its FY26 remittance forecast at $41 billion, which would be 7.5% higher than FY25’s level of $38 billion.
