Daily The Patriot

Remittances increase by 8.5% in October, Saudi Arabia tops the list

Link copied!

Pakistan received $3.9 billion in remittances during October 2026, recording an increase of 13.8 percent on an annual basis and 8.5 percent on a monthly basis, and in the first four months of the fiscal year 2026-27, remittances reached $14.8 billion.

According to the Federal Ministry of Finance, the trend of increasing remittances continues, with a 14 percent increase recorded during July to October 2026 compared to the same period of the previous fiscal year, and Pakistan received an additional $1.8 billion in remittances during this period compared to the previous year.

The Ministry of Finance said that during October, remittances from Saudi Arabia increased by 25 percent, from the United Arab Emirates by 16 percent, and from the United Kingdom by 15 percent, remittances from European Union countries by 12 percent, and from other Gulf countries by 13 percent.

The statement said that the increase in remittances has strengthened Pakistan’s foreign exchange earnings and external payments capacity.

Leave a Reply

Your email address will not be published. Required fields are marked *

Remittances increase by 8.5% in October, Saudi Arabia tops the list

Link copied!

Pakistan received $3.9 billion in remittances during October 2026, recording an increase of 13.8 percent on an annual basis and 8.5 percent on a monthly basis, and in the first four months of the fiscal year 2026-27, remittances reached $14.8 billion.

According to the Federal Ministry of Finance, the trend of increasing remittances continues, with a 14 percent increase recorded during July to October 2026 compared to the same period of the previous fiscal year, and Pakistan received an additional $1.8 billion in remittances during this period compared to the previous year.

The Ministry of Finance said that during October, remittances from Saudi Arabia increased by 25 percent, from the United Arab Emirates by 16 percent, and from the United Kingdom by 15 percent, remittances from European Union countries by 12 percent, and from other Gulf countries by 13 percent.

The statement said that the increase in remittances has strengthened Pakistan’s foreign exchange earnings and external payments capacity.

Leave a Reply

Your email address will not be published. Required fields are marked *