Pakistan's remittances reach $3.89 billion in October 2026, up 13.8% in a year
Overseas Pakistanis sent home $3.89 billion in October 2026, the State Bank of Pakistan said. The inflow was about 14% higher than a year earlier.
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- Remittances were $3.89 billion in October 2026, up 13.8% from $3.42 billion a year earlier.
- Inflows rose 8.5% from $3.6 billion in September 2026.
- July to October inflows reached $14.8 billion, about 14% higher than last year.
- Saudi Arabia was the largest source at $981.6 million, ahead of the UAE and the UK.
Overseas Pakistanis sent home $3.89 billion in October 2026, the State Bank of Pakistan (SBP) said on Tuesday, an increase of about 14% on the same month last year. ProPakistani put the exact figure at $3.892 billion.
The October inflow compares with $3.42 billion received in October 2025, which gives the year-on-year rise of 13.8% reported by ProPakistani, Minute Mirror and 24 News Business. Business Recorder rounded the same increase to 14%.
On a monthly basis, remittances also grew. Minute Mirror reported that inflows were 8.5% higher than the $3.6 billion received in September 2026, a rise Express News also attributed to the SBP. Business Recorder rounded this to 8%.
For the first four months of the 2026-27 fiscal year, from July to October, workers' remittances totalled $14.8 billion. That is about 14% above the same period of the previous fiscal year. Business Recorder gave the earlier figure as $12.9 billion, while Express News reported it as $13.0 billion.
Express News also gave a breakdown by country for October. Saudi Arabia was the largest source at $981.6 million, followed by the United Arab Emirates at $815.9 million and the United Kingdom at $592.2 million. The United States sent $328.9 million.
Daily Pakistan reported that remittances over the past 12 months have reached about $43 billion. It added that the latest data strengthen expectations that annual inflows could approach $45 billion, though that expectation is the outlet's own account and not an SBP forecast quoted in the other reports.
The SBP releases remittance figures monthly, and the October data cover money sent by Pakistani workers abroad through formal channels.
Background
khabr.pk reported on 6 November that Pakistan's liquid foreign exchange reserves rose $111 million to $26.86 billion in the week ending 30 October, according to the State Bank of Pakistan. The interbank dollar rate closed at Rs276.66 on 6 November, according to figures recorded by khabr.pk.
Why it matters for Pakistan
Remittances are money that many Pakistani households receive from relatives working abroad, and they are a major source of foreign currency for the country. The October inflow of $3.89 billion, and $14.8 billion over four months, adds to the dollars available to the economy at a time when the SBP's liquid reserves stand at $26.86 billion. Saudi Arabia and the UAE together accounted for the largest shares of October's inflows, which points to the importance of Pakistani workers in the Gulf for families at home.
