Remittances increase 14pc to $14.8bn in four months

Pakistan received $3.9 billion in workers’ remittances in October, up 13.8pc from a year earlier and 8.5pc from September, Dawn reported, citing State Bank of Pakistan data. Inflows for July-October FY27 reached $14.8bn, compared with $13bn in the same period last year, a rise of 14pc.

The four-month total puts remittances on course to meet the SBP’s $45bn target for FY27, following inflows of more than $41bn in FY26. Saudi Arabia was the largest source during July-October, contributing $3.668bn, while the UK recorded the strongest growth among major destinations, with inflows up 19.2pc to $2.226bn. Remittances from the UAE increased 13.5pc to $3.051bn, slower than the 15.2pc growth recorded a year earlier.