Pakistan Remittances Surge 11.3% in September
In September 2025, Pakistan remittances witnessed a significant surge, reaching USD 3.2 billion — an 11.3% year-on-year increase compared to USD 2.9 billion during the same month last year.
On a month-to-month basis, remittance inflows also rose by 1%, up from USD 3.1 billion in August.
During the first quarter of FY26, the country received a total of USD 9.5 billion in remittances — an 8.4% increase compared to USD 8.8 billion in the corresponding period of the previous year.
These inflows continue to play a pivotal role in supporting Pakistan’s external accounts, boosting domestic consumption, and strengthening household purchasing power. Economic analysts expect total remittances to cross USD 41 billion in FY26, up from USD 38.3 billion last year.
According to data shared by the State Bank of Pakistan (SBP), this growth has been driven by the expansion of formal remittance channels and the development of digital payment infrastructure. The Pakistan Remittance Initiative (PRI) has significantly widened its network — growing from around 25 to over 50 participating institutions, and increasing its global connections from roughly 45 to nearly 400 partners since its inception.
Regional Breakdown
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Saudi Arabia led with USD 751 million, marking a 10% year-on-year increase.
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The United Arab Emirates (UAE) followed with USD 677 million, showing a 7% rise.
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The United Kingdom (UK) contributed USD 455 million, up 7% from last year.
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The United States (US) recorded USD 269 million, reflecting a 3% year-on-year decline.
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European Union (EU) countries collectively sent USD 424 million in remittances.
The continued upward trend in Pakistan remittances reflects greater confidence in formal banking systems and effective policy reforms promoting transparent, legal remittance flows. This growth not only enhances foreign exchange reserves but also provides much-needed stability to the national economy.
Shahnawaz Yaqub Bhatti
Investment Consultant and CEO at Imlaak
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