- January inflows hit document degree for month.
- KSA, UAE stay largest remittance sources.
- FY26 inflows seen strengthening exterior account stability.
Pakistani staff’ remittances climbed sharply to $3.5 billion in January 2026, marking a 15.4% year-on-year improve, in accordance with figures launched by the State Financial institution of Pakistan (SBP).
On a cumulative foundation, remittances reached $23.2 billion through the first seven months of the continued fiscal 12 months (July-January FY26), reflecting an 11.3% rise in contrast with $20.9 billion obtained within the corresponding interval of final 12 months.
The central financial institution, within the press launch, mentioned inflows in January have been primarily sourced from the Kingdom of Saudi Arabia, which contributed $739.6 million, adopted by the United Arab Emirates with $694.2 million, the UK with $572.1 million and the USA with $294.7 million.
Sana Tawfik, Head of Analysis at Arif Habib Restricted, mentioned remittances had by no means reached this degree in any earlier January.
Chatting with Geo.television, she attributed the sustained power in inflows primarily to a bigger variety of Pakistanis working abroad, improved stability of the rupee and a narrowing hole between formal and casual change markets, which has inspired senders to route funds by banking channels.
She added that intervals of geopolitical uncertainty also can set off larger remittance flows, although this issue was at present much less pronounced than the structural drivers supporting inflows.
Referring to steerage shared by the SBP governor in the latest financial coverage briefing, Tawfik mentioned remittances have been anticipated to exceed $41 billion and will method $42 billion in FY26 if the current development continues.
“Reaching this degree can be the best on document for any fiscal 12 months and would play a key function in supporting Pakistan’s exterior account, whereas additionally serving to maintain the present account deficit throughout the central financial institution’s projected vary of 0% to -1% of GDP,” she added.
Individually, Topline Securities, in its Economic system Alert dated February 10, 2026, mentioned Pakistan’s remittances stood at $3.5 billion in January, rising 15% on a year-on-year foundation however declining 4% in comparison with December.
The brokerage famous that whole remittances for the primary seven months of FY26 amounted to $23.2 billion, up 11% from the identical interval final 12 months.
Topline mentioned the continued development momentum was being pushed by stronger manpower exports in earlier years, a lowered differential between formal and casual change markets and the continuation of the federal government’s remittance incentive package deal.
It maintained its full-year remittance projection for FY26 at $41 billion, representing a 7.5% improve over FY25 inflows of $38 billion.
Topline Securities’ Maaz Mulla instructed Geo.television that remittances posted a wholesome 15% improve, led by robust development from the UK and EU. “General, cumulative inflows for 7MFY26 stay strong, up 11% YoY, indicating sustained assist from abroad Pakistanis.”
