Remittances hit record $41.6bn in FY26
Pakistan recorded a record $41.6 billion in remittances in FY26, which served as a critical anchor for the country's 3.7% economic growth. Despite this success, the economy faces potential risks from regional geopolitical tensions affecting overseas employment in the Middle East.
Why it matters
Remittances are a vital component of Pakistan's current account balance and overall economic stability.
comments Join our Whatsapp Channel Add Dawn as a trusted source KARACHI: Pakistan received a record $41.6 billion in remittances in FY26, significantly higher than the previous year and exceeding the set target.
According to the State Bank of Pakistan (SBP) data released on Thursday, remittances stood at $3.5bn in June, up 2 per cent year-on-year but down 18pc month-on-month. The month-on-month decline was primarily due to a higher base in the preceding month. This brings cumulative remittances for FY26 to $41.6bn, up 9pc year-on-year.
The only high-growth area within the economy was remittances, which not only supported economic expansion, with 92pc going to consumption, but also filled the huge trade gap and maintained a current account balance in the country’s favour.
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