Remittances hit record $4.3b in May
Workers' remittances surged to an all-time monthly high of $4.3 billion in May 2026, supported by Eid-related inflows, underscoring the continued and robust contribution of overseas Pakistanis to their homeland economy. The latest data released by the State Bank of Pakistan (SBP) shows that inflows during the month registered double-digit growth. According to the SBP's provisional figures for May 2026, remittances stood at $4.251 billion, marking a 15.4% increase compared with May 2025. On a month-on-month basis, the inflows also posted strong growth. This performance caps a solid run for the fiscal year so far. "This is the highest ever monthly remittance number, led by an increase in migrant workers and Eid-related inflows," noted Nasheed Malik, Growth Securities Head of Research. "Only remittances from the United States have declined by 3% year-on-year in the first 11 months of FY26." Cumulatively, during the first 11 months of FY26 (July-May), wo...