July-Sept remittances surge 8.4pc to USD9.53bn YoY

The inflows of home remittances maintained a healthy growth, surging to USD 9.53 billion in the first quarter (July to September) of this fiscal year 2025-26 (FY26). According the State Bank of Pakistan (SBP), the inflow of remittances reported a notable increase of 8.4 percent or USD 700 million in the first three months of the current fiscal year as compared with a similar period of the last financial year (FY25), in which USD 8.8 billion home remittances were arrived. Remittances from the Kingdom of Saudi Arabia remained the highest, rising 7.2 percent to USD 2.31 billion in the first quarter of FY26, compared to USD 2.16 billion in the same period last year. The United Arab Emirates (UAE) ranked second, recording a 16 percent increase to USD 2 billion during July-September of the current fiscal year.