Pakistan's remittances rise 13.8 pct in October

ISLAMABAD, Nov. 11 (Xinhua) -- Pakistan received 3.89 billion U.S. dollars in workers' remittances in October 2026, up 13.8 percent year on year and 8.5 percent month on month, the State Bank of Pakistan (SBP) said Tuesday.

Cumulatively, remittances increased by 14 percent to 14.8 billion dollars during the first four months of fiscal year 2026-27, compared with 13 billion dollars received in the same period last year, according to the central bank.

Saudi Arabia remained the largest source of remittances in October, with inflows reaching 982 million dollars, followed by the United Arab Emirates with 816 million dollars and Britain with 592 million dollars.

Remittances from European Union countries totaled 461 million dollars, while inflows from the United States stood at 329 million dollars, the data showed.

Workers' remittances are a key source of foreign exchange for Pakistan, helping support its external account, strengthen foreign exchange reserves and supplement household incomes.