Pakistan's remittances of $41.6bn exceed its total exports

Pakistan's overseas workers sent home a record $41.6 billion in remittances during the last fiscal year, which concluded on June 30. This figure surpasses the nation's total export earnings for the same period, according to data from the State Bank of Pakistan.

The central bank announced on social media that the $41.6 billion in workers' remittances for FY26 represents an 8.6% increase from the $38.3 billion received in FY25. An advisor to the finance minister, Khurram Schehzad, described the figure as Pakistan's "highest-ever annual remittances in history."

Detailed data revealed that Saudi Arabia and the United Arab Emirates were the primary sources of remittance inflows in June. Saudi Arabia contributed $829.6 million, while the UAE sent $792.3 million. Other significant contributors included the United Kingdom ($514.9 million) and the United States ($296.8 million).

Several other countries also recorded substantial inflows exceeding $100 million. Italy contributed $121.1 million, and Oman sent $110.8 million in remittances during June.

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highest-ever annual remittances in history