Overseas Pakistanis sent home $3.892 billion in October 2026, an encouraging 13.8 percent surge from the same month last year, as workers’ remittances continued their upward trajectory and provided much-needed support to the country’s external account.
The inflows, reported by the State Bank of Pakistan (SBP), were also 8.5 percent higher than September’s receipts, underscoring renewed momentum in formal transfers as the crucial winter remittance season begins. Saudi Arabia, the United Kingdom and the United Arab Emirates remained the top contributors.
Cumulatively, remittances jumped 14 percent to $14.767 billion during the first four months of FY27, compared with $12.956 billion in the corresponding period last year, a timely cushion for foreign exchange reserves at a time when the country faces heavy external debt repayments.
Saudi Arabia and UAE Lead Remittance Inflows
Saudi Arabia remained Pakistan’s largest source of remittances, contributing $982 million in October, up 17 percent from $838 million a year earlier and 9 percent from September. Inflows from the country reached $3.668 billion during July to October FY27, representing a 16 percent annual increase.Overseas Pakistanis Send Home $3.89 Billion in October as Remittances Surge 13.8%
The UAE was the second largest source, sending $816 million in October, up 16 percent year over year from $703 million. Monthly inflows increased 9 percent from September’s $749 million. Cumulative remittances from the UAE reached $3.052 billion in the first four months, compared with $2.689 billion a year earlier, marking 14 percent growth.
Remittances from the United Kingdom reached $592 million in October, increasing 19 percent from $499 million in October 2025 and 15 percent from September. During the first four months of FY27, inflows from the UK totalled $2.227 billion, up 19 percent from $1.867 billion in the same period last year.
The United States contributed $329 million in October, compared with $301 million a year earlier, representing 9 percent annual growth. Monthly inflows increased 8 percent from $306 million in September. Cumulative remittances from the US reached $1.260 billion during July to October, up 14 percent from $1.107 billion.
European and Other Gulf Markets Add Inflows
Remittances from the European Union stood at $461 million in October, increasing 9 percent from $422 million a year earlier and 3 percent from September’s $448 million. Cumulative inflows from the EU reached $1.866 billion during the first four months of FY27, up 10 percent from $1.702 billion.
Other Gulf Cooperation Council (GCC) countries contributed $370 million in October, up 7 percent from $346 million a year earlier and 8 percent from September. Their combined remittances reached $1.374 billion during July to October, compared with $1.245 billion in the corresponding period last year, an increase of 10 percent.
Inflows from other countries totalled $343 million in October, rising 11 percent year over year from $310 million and 4 percent month over month from $329 million. Cumulative remittances from these markets reached $1.320 billion in the first four months of FY27, up 10 percent from $1.197 billion.
FY27 Outlook
Topline Research expects Pakistan’s workers’ remittances to reach $44.7 billion during FY27. The forecast follows a 14 percent increase in inflows during the first four months of the fiscal year, with October alone recording nearly $3.9 billion in overseas transfers.
