Pakistan received a record $41.6 billion in workers’ remittances during the fiscal year 2025-26, marking an 8.6% increase compared to the previous year.

This milestone, according to State Bank of Pakistan (SBP) data, reflects growing confidence from overseas Pakistanis and strengthens the country’s external sector resilience.

Adviser Khurram Schehzad called it a 'historic achievement,' noting that remittances surpassed government targets despite global uncertainties, including tensions in the Gulf region due to the US-Iran conflict.Saudi Arabia and the UAE were the largest contributors, accounting for $829.6 million and $792.3 million respectively.While annual growth slowed compared to previous years, monthly inflows dipped by 18.35% in June.

The SBP recently discontinued incentive schemes for banks after remittances reached IMF-monitoring levels, a move met with mixed reactions from financial experts.This surge highlights the critical role of diaspora contributions in Pakistan’s economic stability.