ISLAMABAD – Pakistan has recorded a 9.3 percent increase in remittances during the first four months of the 2025-26 fiscal year compared to the same period last year. According to data from the State Bank of Pakistan (SBP), workers’ remittances reached $16.1 billion, up from $14.8 billion in the previous year.
In November 2025 alone, Pakistan received remittances totaling $3.2 billion, marking a 9.4 percent year-on-year increase. The largest contributions came from Saudi Arabia ($753 million), the United Arab Emirates ($675 million), the United Kingdom ($481.1 million), and the United States ($277.1 million).
This surge in remittances is seen as a crucial support for Pakistan’s foreign reserves. Additionally, the International Monetary Fund (IMF) has approved nearly $1.3 billion in financial assistance. Under the $7 billion Extended Fund Facility (EFF) program, Pakistan will receive over $1 billion, along with more than $20 million from the $1.3 billion Rapid Financing Instrument (RFI). This brings total IMF support to $3.3 billion, a move officials say will stabilize the economy and support urgent fiscal reforms.
Meanwhile, Pakistan is also seeking backing from the United States to revitalize its power sector. Power Minister Awais Ahmed Leghari met US Ambassador Natalie Baker to explore assistance from US-based multilateral development partners and international financial institutions, including the IMF and World Bank. Officials hope this collaboration will remove obstacles hindering sustainable growth in the energy sector.
Analysts say that the combined effect of rising remittances, IMF support, and diplomatic efforts could strengthen Pakistan’s economy. With stable foreign reserves and a focus on structural reforms, the government aims to enhance economic stability and ensure a more resilient power sector.
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The government continues to encourage the diaspora to send remittances through official channels, noting that these funds play a vital role in supporting households and strengthening the national economy.
