VOI World/ Desk
Pakistan’s overseas workers sent home a record $41.6 billion in remittances during the financial year ending June 30, 2026, marking the highest annual inflow in the country’s history. The figure exceeded Pakistan’s total merchandise exports for the same period, highlighting the country’s growing dependence on income earned by citizens working abroad.
According to the State Bank of Pakistan, remittances rose 8.6% from $38.3 billion in FY25. Officials said the strong inflows have provided much-needed support to Pakistan’s foreign exchange reserves and helped ease pressure on the country’s balance of payments amid continuing economic challenges.
Saudi Arabia remained the largest source of remittances in June, contributing $829.6 million, followed by the United Arab Emirates ($792.3 million). The United Kingdom ($514.9 million) and the United States ($296.8 million) were also among the leading contributors, with Italy and Oman each sending more than $100 million during the month.
While the record remittance inflows have strengthened Pakistan’s external finances, economists note that the milestone also underscores a structural concern. With remittances now exceeding export earnings, the country’s economy remains heavily reliant on overseas workers rather than sustained growth in domestic manufacturing and exports, raising questions about the long-term resilience of its trade sector.
