Pakistan received $3.46 billion in workers’ remittances in January 2026, reflecting a strong 15.4% year-on-year (YoY) increase, according to data released by the State Bank of Pakistan (SBP) on Tuesday.
The inflows were significantly higher compared to $3.0 billion recorded in January 2025, underscoring continued support from overseas Pakistanis amid ongoing economic challenges.
However, on a month-on-month basis, remittances declined by 4%, down from $3.59 billion in December 2025.
Cumulatively, during the first seven months of the current fiscal year (7MFY26), total remittance inflows reached $23.2 billion, marking an 11.3% increase compared to $20.9 billion received during the same period of the previous fiscal year (7MFY25).
Analysts attribute the steady growth in remittances to structural improvements and policy support.
“Remittances growth momentum is continuing on the back of higher manpower exports in previous years, lower differential in formal and informal exchange market and continuation of remittances incentive package,” said brokerage house Topline Securities in a note.
The firm projected that total remittances for FY26 could reach $41 billion, representing a 7.5% increase over the FY25 level of $38 billion.
Remittances remain a crucial source of foreign exchange for Pakistan, helping to stabilise the external account and support the country’s balance of payments position.
