Pakistan’s workers remittances reach $3.3 billion in February, $26.5 billion in 8MFY26

Workers’ remittances to Pakistan increased 10.5 percent to $26.5 billion during July–February FY26, compared with $24 billion in the same period of FY25, according to data released by the State Bank of Pakistan (SBP).

The increase represents an additional $2.5 billion in inflows during the first eight months of the fiscal year.

On a monthly basis, remittances reached $3.3 billion in February 2026, representing a 5.2 percent increase from $3.12 billion in February 2025. However, inflows were slightly lower than January 2026, when remittances stood at $3.464 billion.

During February, the largest inflows came from the United Arab Emirates at $696.2 million, followed by Saudi Arabia at $685.5 million, the United Kingdom at $532 million, and the United States at $319.5 million.

For the first eight months, Saudi Arabia remained the largest source of remittances, sending $6.168 billion during July–February FY26, up 4.6 percent from $5.89 billion in the corresponding period last year.

The United Arab Emirates ranked second, with inflows rising 12 percent to $5.44 billion during the same period.

Analysts say continued growth in remittances is helping ease pressure on Pakistan’s external account and supporting the country’s foreign exchange reserves. Remittances remain one of the largest sources of foreign exchange and help finance a significant portion of the trade deficit.

In the financial account, the SBP noted net official outflows in January, while foreign investment inflows showed a marginal increase, indicating limited improvement in external financing.

The central bank expects remittance inflows to increase in March, supported by higher transfers ahead of Eid-ul-Fitr.