{"id":4151,"date":"2026-11-10T20:03:31","date_gmt":"2026-11-10T15:03:31","guid":{"rendered":"https:\/\/ipp-news.com\/?p=4151"},"modified":"2026-11-10T20:03:31","modified_gmt":"2026-11-10T15:03:31","slug":"remittances-hit-3-9bn-in-october-up-14-on-year","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=4151","title":{"rendered":"Remittances hit $3.9bn in October, up 14% on year"},"content":{"rendered":"
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Overseas Pakistanis sent home $3.89 billion in October 2026, up 13.8% from $3.42 billion a year earlier, the State Bank of Pakistan (SBP) said on Tuesday.<\/strong><\/p>\n

Remittances were also 8.5% higher than September\u2019s $3.6 billion.<\/p>\n

Cumulative inflows for July-October of FY27 rose 14% to $14.8 billion, from $13 billion in the same period last year.<\/p>\n

\u201cThese sustained inflows are strengthening Pakistan\u2019s foreign exchange position, supporting households and reinforcing external-account stability,\u201d Khurram Schehzad, advisor to the finance minister, said on X.<\/p>\n

Remittances support the external account and boost the incomes of households that depend on them.<\/p>\n

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\n <\/a>\n <\/p><\/blockquote>\n

<\/span><\/div>\n<\/figure>\n

Last month, the SBP raised its projections for remittances and foreign exchange reserves, citing stronger inflows and a better external-account outlook.<\/p>\n

Speaking at a press conference on the monetary policy decision, SBP Governor Jameel Ahmed said remittances had remained resilient in the first quarter of FY27 and would come in higher than earlier estimates.<\/p>\n

\u201cWorkers\u2019 remittances are expected to increase further, with Pakistan\u2019s inflows projected at $45 billion in the current fiscal year, up from the previous estimate of $44 billion,\u201d he added.<\/p>\n

<\/a>Major corridors<\/h3>\n

Saudi Arabia was the largest source, with $982 million in October. That was up 17% from $838 million a year earlier and 9% from $899 million in September.<\/p>\n

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<\/p>\n

\n <\/a>\n <\/p><\/blockquote>\n

<\/span><\/div>\n<\/figure>\n

Inflows from the United Arab Emirates rose 16% year-on-year, from $703 million to $816 million. They were up 9% from $749 million in September.<\/p>\n

Remittances from the UK totalled $592 million, up 19% from $499 million a year earlier.<\/p>\n

The US sent $329 million, up 9% from $301 million a year earlier and 8% from $306 million in September.<\/p>\n

Remittances from European Union countries reached $461 million, up 3% from $448 million in September.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Overseas Pakistanis sent home $3.89 billion in October 2026, up 13.8% from $3.42 billion a year earlier, the State Bank of Pakistan (SBP) said on Tuesday. Remittances were also 8.5% higher than September\u2019s $3.6 billion. Cumulative inflows for July-October of FY27 rose 14% to $14.8 billion, from $13 billion in the same period last year. \u201cThese sustained inflows are strengthening Pakistan\u2019s foreign exchange position, supporting households and reinforcing external-account stability,\u201d Khurram Schehzad, advisor to the finance minister, said on X. Remittances support the external account and boost the incomes of…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-4151","post","type-post","status-publish","format-standard","hentry","category-english"],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/4151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4151"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/4151\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}