Crypto
Loading...
Breaking News:
Net Metering Electricity Generation Surges Over 100% in September
U.S. Imported Livestock Arrive in Pakistan with SIFC Support
Pakistan Textile Council Calls for Single Gas Tariff, End to Cross-Subsidies
U.S. Cotton Exporters Urge Pakistan to End Port-Side Fumigation Requirement
Gold and Silver Prices Surge Sharply in Global and Local Markets

The State Bank of Pakistan reported yesterday that remittances recorded a significant increase of more than nine percent during the first five months of the current fiscal year.

According to the data, Pakistan received $16.14 billion in remittances during July–November of fiscal year 2026, compared to $14.76 billion in the same period last year. This reflects an increase of 9.3%, or $1.3 billion.

State Bank statistics show improvement in remittances from most major sending countries, except the United States. The United Arab Emirates and European countries recorded the highest growth.

Remittances from the UAE increased by 14%, reaching $3.36 billion, compared to last year’s $2.95 billion. Remittances from European countries rose by 19.4% during this period, reaching $2.12 billion.
Saudi Arabia remained the largest source of remittances, sending $3.9 billion in the first five months of the fiscal year, reflecting a 7% increase.

On a yearly basis, remittances rose by 9.4% in November 2025, reaching $3.2 billion, compared to $2.9 billion in November 2024.
However, on a monthly basis, November remittances fell by 6%, decreasing from $3.42 billion in October 2025 to $3.2 billion in November.

In November 2025, Saudi Arabia accounted for the highest share of remittances with $753 million, followed by the UAE with $675 million, the UK with $481.1 million, and the US with $277.1 million.

Leave a Reply

Your email address will not be published. Required fields are marked *