KARACHI: Inflows of workers’ remittances continued their upward trajectory, surging by 15 percent during the first two months (July-August) of the current fiscal year 2026-27.
The State Bank of Pakistan (SBP) on Wednesday reported that cumulatively, workers’ remittances rose to USD 7.3 billion during July-August of FY27, compared with USD 6.4 billion in the corresponding period of the previous fiscal year, showing an increase of USD 900 million, or 14.7 percent.
In terms of growth, during August 2026, remittances increased by 16.5 percent on YoY basis. Workers’ remittances were recorded at USD 3.656 billion during August 2026 up from USD 3.138 billion in August 2025. Month on Month basis, remittances surged by 0.7 percent to USD 3.656 billion in August 2026 compared to USD 3.631 billion in July 2026.
READ MORE: Pakistan registers $3.6bn in remittances for July 2026
The major corridors of workers’ remittances during August 2026 were Saudi Arabia USD 873.5 million, UAE USD 749.8 million, UK USD 563.7 million and USA USD 308.9 million.
Khurram Schehzad, Advisor to the finance minister, said Pakistan’s workers’ remittances continued their strong growth trajectory, reaching USD 7.3 billion in two months.
He said that sustained remittance inflows remained a key pillar of Pakistan’s external account, supporting household incomes, foreign exchange liquidity, reserves and overall external-sector resilience.
“Strong home remittance inflows will help strengthen the country’s external buffers and enhance overall economic resilience,” he added.
Ibrahim Amin, a financial and banking expert, said that the consistent growth in remittance inflows demonstrates the strong commitment of overseas Pakistanis to the country despite geopolitical tensions and inflationary pressures in many host countries.
He added that the increase in inflows also reflects improvements in banking systems and connectivity between Pakistan and other countries, helping shift remittances from informal channels such as Hawala/Hundi to formal banking channels.
Pakistan’s continued export of manpower to different countries, particularly the GCC countries, is also contributing to the steady growth in remittances each month, which is also playing a pivotal role in stabilising macroeconomic indicators, said Ibrahim Amin- Chairman Dellsons Associates.
Copyright Business Recorder, 2026
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