Saudi Arabia remained the largest remittance corridor, contributing $913.9m
\n KARACHI
\nWorkers\u2019 remittances reached $3.6 billion in July 2026, rising 13% on a year-on-year basis and 4.5% on a month-on-month basis, the State Bank of Pakistan said on Monday.
\nSaudi Arabia remained the largest remittance corridor, contributing $913.9 million, followed by the UAE at $737.3 million, the UK at $555.5 million and the USA at $317.2 million.
\nPrime Minister Shehbaz Sharif on Monday expressed satisfaction over the receipt of $3.6 billion in remittances from overseas Pakistanis in July 2026.
\n\u201cRemittances sent by overseas Pakistanis increased by 13% year-on-year in July 2026, which is highly encouraging,\u201d the prime minister said in a statement issued by the PM Office.
\nHe said remittances from overseas Pakistanis also increased by 4.5% month-on-month in July 2026. \u201cThe consistent and positive contribution of overseas Pakistanis to the stability and growth of the national economy is highly commendable.\u201d
\nThe prime minister pointed out that the overseas Pakistanis were a valuable and integral part of the national economic mainstream.
\nTopline Research said Pakistan\u2019s remittances for July stood at $3.6 billion, up 13% year-on-year, projecting full-year remittances for FY27 to clock in at $40.1 billion.
\nEconomist Dr Khaqan Najeeb said remittances were becoming an increasingly important source of foreign exchange at a time when the export engine remained weak.
\n\u201cA weak domestic economy, limited job creation and large differences in earnings abroad are encouraging more Pakistanis to seek work overseas. What leaves as labour is returning as foreign exchange,\u201d he said.
\nHe said the inflows were helping keep Pakistan\u2019s balance of payments manageable but cautioned that remittances were also a reminder of what weak growth costs the country. \u201cInstead of creating enough productive jobs at home, we are increasingly exporting our labour,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"
Saudi Arabia remained the largest remittance corridor, contributing $913.9m KARACHI Workers\u2019 remittances reached $3.6 billion in July 2026, rising 13% on a year-on-year basis and 4.5% on a month-on-month basis, the State Bank of Pakistan said on Monday. Saudi Arabia remained the largest remittance corridor, contributing $913.9 million, followed by the UAE at $737.3 million, […]<\/p>\n","protected":false},"author":2,"featured_media":561336,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-561328","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n