Markets
Overseas Pakistanis send $41.6bn in FY26 as SBP ends incentive schemes
- Remittances into Pakistan stood at $3.475 billion in June
- Analysts attribute increase to a stable rupee, formal banking channel shifts, and a growing overseas workforce.
AI Overview (with editorial review)
Brief AI Generated summary
Overseas workers' remittances to Pakistan surged 9% to $41.6 billion in FY26, driven by a shift to formal banking channels, a stable rupee, and increased emigration, significantly bolstering the nation's external account.
Read the full article for:
- Factors driving the significant increase in remittances.
- Remittances' crucial role in Pakistan's external account.
- Recent discontinuation of key remittance incentive schemes.
