March remittances jump to $3.8bn, cumulative inflows hit $30.3bn in 9MFY26

Overseas Pakistanis remitted $3.8 billion in March 2026, registering a sharp 16.5% increase compared to the previous month, according to data released by the State Bank of Pakistan (SBP) on Wednesday.

Despite the strong monthly rebound, remittances declined by 5.5% on a year-on-year basis, indicating softer inflows compared to the same month last year.

During the first nine months of FY26, cumulative workers’ remittances rose to $30.3 billion, reflecting an 8.2% increase from $28 billion recorded in the corresponding period of the previous fiscal year.

Remittances remain a key source of foreign exchange for Pakistan, providing crucial support to the external account, boosting economic activity, and supplementing household incomes, particularly for families dependent on overseas earnings.

The government continues to promote the use of formal remittance channels through incentive schemes and policy support to sustain inflows and maintain their role in ensuring macroeconomic stability.