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Record Remittances: PM Heaps Praise on Overseas Pakistanis
June inflows reached $3.5 billion as Saudi Arabia, the UAE and the United Kingdom remained top sources, the SBP said.
- On Thursday, the State Bank of Pakistan reported that workers' remittances reached a record $41.6 billion in FY26, an 8.6 per cent increase compared to FY25.
- Prime Minister Shehbaz Sharif praised the inflows, stating the rise reflects overseas Pakistanis' confidence in government policies and assured them their welfare remains a priority.
- Saudi Arabia remained the largest source at $9.783 billion, followed by the United Arab Emirates at $8.807 billion, the United Kingdom at $6.326 billion, and European Union countries at $5.227 billion.
- After remittance volumes drew International Monetary Fund scrutiny, the SBP abolished two incentive schemes for banks, though experts anticipate minimal impact on bank profitability.
- Concurrently, Pakistani IT exports surpassed $3 billion during the first 10 months of the current fiscal year, as remittances bolster the nation's balance of payments and foreign exchange buffers.
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PM Shehbaz thanks overseas Pakistanis for record remittances
ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday expressed gratitude to overseas Pakistanis for sending higher remittances during the fiscal year 2025-26, describing the increase as a reflection of their confidence in the government's economic policies.
·Lahore, Pakistan
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Total News Sources13
Leaning Left1Leaning Right4Center2Last UpdatedBias Distribution57% Right
Bias Distribution
- 57% of the sources lean Right
57% Right
14%
C 29%
R 57%
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