Pakistan recorded its highest-ever monthly remittance inflow in May 2026, with overseas workers sending 4.3 billion dollars home, led by strong contributions from Saudi Arabia and the UAE.
A Record-Breaking Month
Workers’ remittances reached 4.3 billion dollars in May 2026, a 20.2 percent increase from April and a 15.4 percent rise compared to the same month last year. The State Bank of Pakistan described it as the highest-ever monthly remittance inflow in the country’s history.
The UAE’s Growing Role
Remittances from the UAE surged to 1.01 billion dollars in May, up 33 percent year-on-year and 37 percent month-on-month, making it the second-largest source after Saudi Arabia, which sent 1.03 billion dollars. Together, Saudi Arabia and the UAE now contribute more than 11 billion dollars annually, over a third of Pakistan’s total remittances.
Cumulative Numbers for the Year
Total remittances for the July to May period of the current fiscal year reached 38.1 billion dollars, up 9.2 percent from 34.9 billion dollars in the same period last year. Officials project annual inflows could exceed 41 billion dollars by the end of the fiscal year if the pace continues.
Why This Matters for Pakistan’s Economy
Remittances make up roughly 9 to 10 percent of Pakistan’s GDP and play a critical role in supporting foreign exchange reserves, financing the trade deficit, and sustaining household consumption. Prime Minister Shehbaz Sharif called the growth a reflection of overseas Pakistanis’ confidence in the national economy.
Frequently Asked Questions
How much did Pakistan receive in remittances in May 2026?
Pakistan received a record 4.3 billion dollars in workers’ remittances in May 2026.
Which countries send the most remittances to Pakistan?
Saudi Arabia and the UAE are the top two sources, together contributing more than 11 billion dollars annually.
What share of Pakistan’s GDP do remittances represent?
Remittances make up roughly 9 to 10 percent of Pakistan’s GDP.
