Islamabad: Pakistan experienced a 2% year-over-year increase in workers' remittances for June 2026, totaling $3.48 billion, despite an 18% month-over-month decline from May's Eid-related peak. The remittances for the fiscal year 2026 reached a record $41.6 billion, an increase of 9% from the previous year.

According to JS Global, the United Arab Emirates and the United States were the primary contributors to the remittance growth, with increases of 10% and 6% year-over-year, respectively. Saudi Arabia's contributions remained stable with a 1% increase. The fiscal year's average monthly inflow improved to $3.47 billion compared to $3.18 billion in fiscal year 2025. Factors such as higher overseas employment, a shift toward formal banking channels, and stable exchange rate dynamics supported this growth.

Remittances continue to be a crucial component of Pakistan's external financial account amid increasing trade pressures. The fiscal year 2026 trade deficit widened by 22% year-over-year to $39.5 billion, with imports rising by 8% and exports declining by 6%, according to the Pakistan Bureau of Statistics.