The inflow of overseas workers’ remittances into Pakistan stood at $3.2 billion in November 2025, the State Bank of Pakistan (SBP) data showed on Tuesday.
Remittances increased by nearly 9.4% year-on-year (YoY), compared to $2.9 billion recorded in the same month last year. Monthly remittances were down by 7%, compared to $3.4 billion in October.
During the first five months of the fiscal year (5MFY26), remittance inflows stood at $16.1 billion, up from $14.8 billion in 5MFY25, a jump of 9.3%.
Remittances growth momentum is continuing on the back of higher manpower exports in previous years, lower differential in formal and informal exchange market and continuation of remittances incentive package,” said Topline Securities.
“We maintain our FY26 remittances target of $41 billion, up 7.5% from the FY25 level of $38 billion,” it added.
Meanwhile, Waqas Ghani of JS Global noted that UAE remittances have regained momentum in recent months, with their share at 21% in Nov-2025 from a low of 18% in FY24.
“Dubai in particular has seen a steady pick-up, reflecting improved inflows from Pakistani expatriates owing to some relaxation in emigration policies,” he told Business Recorder.
“Remittances from KSA and UAE continued to dominate, accounting for 45% of total inflows (vs. a 44% average over the last two years),” read a JS Global report.
“We expect this share to improve further in the coming periods, supported by increasing emigration to the region.”
Remittances play a significant role in supporting the country’s external account, stimulating Pakistan’s economic activity, and supplementing the disposable incomes of remittance-dependent households.
Meanwhile, the government promotes remittances through incentives and formal channels to sustain steady growth and ensure their role in economic stability.