KARACHI: Pakistan recorded another strong performance in workers’ remittances as overseas Pakistanis sent $4.25 billion to the country during the month of May, providing further support to foreign exchange reserves and the national economy.
The figures were shared by Khurram Shehzad, Adviser to the Prime Minister on Finance, who highlighted the continued growth in remittance inflows throughout the current fiscal year.
Remittances Continue Upward Trend
According to Khurram Shehzad, remittances received during May reached $4.25 billion, reflecting the important contribution of overseas Pakistanis to the country’s economy.
Workers’ remittances remain one of Pakistan’s most significant sources of foreign exchange, helping support external accounts, strengthen reserves, and provide financial assistance to millions of households.
July–May Remittances Reach $38.1 Billion
The finance adviser stated that total remittance inflows during the period from July to May increased by 9 percent, reaching $38.1 billion.
The growth demonstrates sustained confidence among overseas Pakistanis and highlights the effectiveness of measures aimed at facilitating formal banking channels for money transfers.
Key Figures
| Period | Remittances |
|---|---|
| May 2026 | $4.25 billion |
| July–May FY2025-26 | $38.1 billion |
| Growth Rate | 9% increase |
Fiscal Year Target Within Reach
Khurram Shehzad expressed optimism that remittance inflows would continue their positive momentum through the end of the fiscal year.
According to his projections, total remittances could reach approximately $41 billion by the close of the current fiscal year, setting a new milestone for Pakistan.
If achieved, the figure would represent one of the highest annual remittance totals in the country’s history.
Importance for the Economy
Economists consider remittances a crucial pillar of Pakistan’s economy because they:
- Support foreign exchange reserves.
- Help finance imports.
- Reduce pressure on the current account.
- Strengthen household incomes.
- Contribute to economic stability.
The steady inflow of remittances has played an important role in easing external financing pressures and improving the country’s balance-of-payments position.
Overseas Pakistanis Continue Strong Support
Government officials have repeatedly acknowledged the contribution of Pakistanis living abroad, whose remittances provide significant support to families and businesses across the country.
The latest figures suggest that overseas workers continue to play a vital role in sustaining economic activity and supporting national financial stability.
With one month remaining in the fiscal year, policymakers remain hopeful that remittance inflows will maintain their momentum and help Pakistan achieve the projected $41 billion target by year-end.
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