Pakistan's remittances climb 14% to $10.9 bn in FY27 Q1, led by Saudi and UK inflows

According to the State Bank of Pakistan, workers' remittances grew by 14% to $10.9 bn in the July-September quarter of FY27, compared with $9.5 bn a year earlier. September 2026 alone recorded $3.6 bn, reflecting a year-on-year increase. Saudi Arabia stayed the top contributor, with inflows of $2.686 bn, while the United Kingdom showed the strongest growth among major sources.

The United Arab Emirates, the European Union and other GCC nations also posted gains. This surge helps the government move toward its $44 bn FY27 remittance target and provides some relief as Pakistan works to satisfy conditions of its IMF programme, though a widening trade deficit continues to offset some benefits. The World Bank noted that nearly half of Pakistan's population remains below the poverty line despite these inflows.