Overview
- State Bank of Pakistan data show February inflows at $3.29 billion, up 5.2% year on year but about 5% lower than January’s $3.46 billion.
- Cumulative workers’ remittances for July–February FY26 totaled $26.5 billion, a 10.5% increase from the same period a year earlier.
- UAE-sourced transfers led February with $696.2 million, slightly ahead of Saudi Arabia at $685.5 million, followed by the United Kingdom at $532.0 million and the United States at $319.5 million.
- Within the UAE, Dubai accounted for $566.2 million and Abu Dhabi $101.9 million, reflecting strong labor demand tied to construction and business activity, according to exchange-company officials.
- Analysts say remittances remain a crucial support for Pakistan’s external account, with a seasonal lift likely around Ramadan and Eid, while warning that the Gulf-centric flow mix leaves inflows vulnerable if regional tensions persist; SBP’s full‑year target of roughly $42 billion is viewed as reachable by some market researchers.