Pakistan received $3.3 billion in remittances from overseas workers in February 2026, reflecting a 5.2% increase compared with the same month last year, according to data released by the State Bank of Pakistan.

However, remittance inflows declined by about 5% on a month-on-month basis, falling from $3.46 billion recorded in January 2026.

During the first eight months of FY2026, total remittances reached $26.5 billion, representing a 10% increase year-on-year. The growth was largely supported by stronger inflows from Saudi Arabia, the United Kingdom, and the United Arab Emirates.

Major Sources of Remittances

Country-wise data showed that the United Arab Emirates remained the largest source of remittances in February, with Pakistan receiving $686 million, marking a 6% increase year-on-year.

Remittances from Saudi Arabia totaled $685 million, showing an 8% decline compared with the same period last year. Meanwhile, inflows from the United Kingdom increased 7% YoY to $532 million.

Funds sent from European Union countries rose sharply, growing 15% YoY to $395 million.

Remittances from the United States increased 3% YoY to $319 million, while transfers from other regions climbed 29% YoY to $342 million.

Overall, remittance inflows in February stood at $3.288 billion, compared with $3.127 billion recorded in February last year.

Performance in FY26

During the first eight months of FY2026, inflows from the UAE reached $5.44 billion, reflecting a 12% annual increase, while remittances from Saudi Arabia totaled $6.16 billion, up 5% YoY.

The United Kingdom and European Union also posted strong growth during the period, with remittances rising 13% and 23% year-on-year, respectively.