UK remittances

Pakistan received $3.63bn in workers’ remittances in July 2026, marking a strong start to the new fiscal year and providing further support to the country’s external account. According to the latest data released by the State Bank of Pakistan (SBP), Pakistan remittances July 2026 increased 4.5% from $3.47bn recorded in June 2026. On a year-on-year basis, inflows surged 13% compared with $3.21bn received in July 2025. The latest figure represents a strong monthly performance and highlights the continued contribution of overseas Pakistanis to the country’s economy. Saudi Arabia remained the largest source of remittances during the month, followed by the United Arab Emirates (UAE), the United Kingdom (UK) and the United States (US). The increase in remittance inflows comes at an important time for Pakistan as the country continues efforts to strengthen foreign exchange reserves, improve external account stability and reduce pressure from external financing requirements. Saudi Arabia Remains Top Remittance Source Saudi Arabia maintained its position as Pakistan’s largest source of workers’ remittances in July. Inflows from the Kingdom reached $913.9m, increasing 10.2% from $829.7m in June and rising 11% compared with $823.7m in July 2025. The UAE ranked second, contributing $737.3m during the month. UAE-based remittances declined 6.9% from $792.2m in June but remained 10.8% higher than the $665.3m recorded in July last year. Dubai accounted for the largest share of remittances from the UAE, sending $575.5m. Abu Dhabi contributed $135.4m, while Sharjah sent $14.2m. Other emirates collectively contributed $12.2m. The UK retained third position with remittances of $555.5m. Inflows from the country increased 7.9% from $514.9m in June and rose 23.4% from $450.3m in July 2025. The US also recorded strong growth. Pakistani workers in the US sent $317.2m in July, up 7% from $296.4m in June and 17.7% from $269.6m in the same month last year. EU Remittances Increase European Union countries collectively sent $462.1m to Pakistan during July. The amount was 11.2% higher than the previous month’s $415.4m and represented an 8.9% increase from $424.4m in July 2025. Italy was the largest contributor among EU member states, sending $142.5m. Spain followed with $82.8m, while Germany contributed $68.1m. Other major European contributors included Greece with $51.3m, France with $47.6m, Ireland with $24m and Belgium with $17.3m. Denmark contributed $8.3m, Sweden $10.9m and the Netherlands $9.3m. The figures show that Europe continues to represent an important source of foreign exchange for Pakistan, with remittances from several major economies recording year-on-year growth. Other GCC Countries Send $336.1m Other Gulf Cooperation Council (GCC) countries, excluding Saudi Arabia and the UAE, contributed $336.1m in workers’ remittances during July. The inflows increased 4.8% from the previous month and were 13.5% higher than the $296m received in July 2025. Oman was the largest contributor among these countries, sending $109.4m. Qatar followed with $98m, while Kuwait contributed $77.7m and Bahrain sent $51.1m. Other countries also made significant contributions to Pakistan’s remittance inflows. Australia sent $83.3m, Canada contributed $64.4m and South Africa sent $22.6m. Remittances from Japan reached $6.7m, while South Korea contributed $9.9m. Pakistanis in Norway sent $12.5m, while Malaysia contributed $13.5m. Switzerland sent $3.8m, with other countries collectively contributing $92.4m. PM Shehbaz Welcomes Strong Remittance Growth Prime Minister Muhammad Shehbaz Sharif welcomed the strong performance of workers’ remittances, describing the $3.6bn received in July as highly encouraging. He highlighted the 13% year-on-year increase and praised overseas Pakistanis for their continued contribution to the country’s economic stability and development. The prime minister said overseas Pakistanis are an important part of the national economic mainstream and appreciated their continued support through remittance transfers. The latest data underline the growing importance of overseas Pakistanis to Pakistan’s economy. Remittances provide households with financial support while also supplying the country with a crucial source of foreign exchange. The strong July performance could help Pakistan maintain external sector stability and strengthen confidence in its foreign exchange position. With Saudi Arabia, the UAE, the UK and the US continuing to account for a significant portion of inflows, the government and SBP are also expected to remain focused on encouraging formal banking channels for remittance transfers.