Remittances from overseas Pakistanis rose 9% year-on-year to $16.145 billion for the first five months (July-November) of the ongoing financial year, though monthly inflows declined by 7% to $3.19 billion in November, according to State Bank of Pakistan (SBP) data.
According to the central bank’s figures, November 2025 remittances were 9% higher than the $2.92 billion received in November 2024, but 7% lower than October 2025’s $3.42 billion. Last fiscal year, total remittances hit $14.77 billion in the first five months.
The SBP said Saudi Arabia remained the largest source of inflows in November, with overseas Pakistanis sending $753 million, followed by the United Arab Emirates, which sent $675 million. For the full five months, Saudi Arabia accounted for $3.9 billion, the U.A.E. $3.36 billion, and the United Kingdom $2.34 billion. Remittances from the United States stood at $1.38 billion in the same period.
According to Topline Research, the current remittance growth is supported by higher manpower exports in previous years, a narrower gap between formal and informal exchange-market rates, and the continuation of the remittance incentive package. It said it expected remittances for FY26 to clock in at $41 billion, 7.5% higher than FY25’s total of $38 billion.