Workers’ remittances total $3.5bn in January, up 11.3pc in Jul–Jan FY26

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The State Bank of Pakistan (SBP) on Tuesday said overseas workers’ remittances were recorded at $3.5bn in January, increasing by 11.3 per cent during Jul-Jan of the current fiscal year (FY26).

“Cumulatively, with an inflow of US$23.2 billion, workers’ remittances increased by 11.3 per cent during Jul-Jan FY26 compared to US$20.9 billion received during the same period last year,” said SBP.

“In terms of growth, remittances increased by 15.4pc on a year-to-year basis,” the central bank said.

It elaborated that the remittances in January were “mainly sourced” from Saudi Arabia ($739.6 million), the United Arab Emirates ($694.2m), the United Kingdom ($572.1m) and the United States of America ($294.7m).