The State Bank of Pakistan (SBP) has released fresh data showing a strong increase in foreign inflows during the first 11 months of the current fiscal year. The figures highlight steady financial support from overseas Pakistanis and rising digital export earnings.
According to SBP, Remittances rise significantly in May 2026, reaching $4.3 billion. This marks a 15.4 per cent increase compared to the same month last year. On a monthly basis, inflows also showed strong growth of 20.2 per cent compared to April 2026.
Overall, Remittances rise by 9.2 per cent during the first 11 months of the fiscal year. Total inflows reached $38.1 billion, compared to $34.9 billion in the same period last year. This reflects continued strength in overseas support for Pakistan’s economy.
In May 2026, Saudi Arabia remained the largest contributor with $1.025 billion in remittances. The United Arab Emirates followed closely with $1.066 billion. The United Kingdom sent $645.5 million, while the United States contributed $349.8 million, according to SBP data.
Officials said these inflows play a key role in supporting Pakistan’s foreign exchange reserves. They also help stabilize the country’s external account position. Analysts believe that strong labor demand in Gulf countries has supported these gains.
Meanwhile, Remittances rise alongside a broader improvement in Pakistan’s external earnings. The country’s IT sector also showed strong growth during the same period. Freelancers and tech exporters contributed significantly to foreign exchange inflows.
SBP reported that earnings from IT freelancers jumped by 49 per cent, reaching $959 million during the first 10 months of the fiscal year. This is a sharp rise compared to $642 million in the same period last year.
Overall IT exports also crossed the $3 billion mark during the first 10 months of FY2025–2026. This shows steady expansion in Pakistan’s digital economy and export base.
Experts say the combined growth in remittances and IT exports is helping improve economic stability. The continued increase in overseas inflows signals strong confidence in Pakistan’s workforce abroad.
In conclusion, Remittances rise across multiple channels, reflecting both traditional overseas earnings and modern digital income sources.
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