State Bank posts 11% rise in remittances

Overseas Pakistanis remitted $3.53 billion in April 2026, marking an 11percent increase as compared to the same month last year, reported 24NewsHD TV channel.

According to a report issued by the State Bank of Pakistan (SBP), the inflows declined by 8% on a month-on-month basis compared to March 2026, when the country received $3.83 billion in workers’ remittances.

According to the central bank, cumulative remittances during the first 10 months of FY26 reached $33.86 billion, showing an 8% increase compared to the corresponding period of the previous fiscal year.

Saudi Arabia remained the largest contributor during April, with Pakistanis residing in the Kingdom sending $841.7 million. 

The United Arab Emirates followed with $734.7 million, while remittances from other Gulf Cooperation Council (GCC) countries stood at $325 million.

Overall inflows from the Middle East amounted to nearly $1.9 billion during the month, according to SBP data.

Experts said the yearly growth momentum in remittances remained strong despite the monthly decline, which followed higher inflows recorded around Eid-related transfers in recent months.

Pakistan’s remittances target is around $41 billion by the end of FY26, compared to $38 billion recorded in FY25.

Reporter: Ashraf Khan