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  "path": "/news/1972268/workers-remittances-total-35bn-in-january-up-113pc-in-jul-jan-fy26",
  "publishedAt": "2026-02-10T10:34:12.000Z",
  "site": "https://www.dawn.com",
  "tags": [
    "Pakistan",
    "rose to the highest level",
    "_believe_"
  ],
  "textContent": "The State Bank of Pakistan (SBP) on Tuesday said overseas workers’ remittances were recorded at $3.5bn in January, increasing by 11.3 per cent during Jul-Jan FY26.\n\n“Cumulatively, with an inflow of US$ 23.2 billion, workers’ remittances increased by 11.3 percent during Jul-Jan FY26 compared to US$ 20.9 billion received during the same period last year,” said SBP.\n\n“In terms of growth, remittances increased by 15.4pc on a year-to-year basis,” the central bank said.\n\nIt elaborated that the remittances in January were “mainly sourced from Saudi Arabia ($739.6 million), United Arab Emirates ($694.2m), United Kingdom ($572.1m) and United States of America ($294.7m).\n\n> \n\nRemittances in December rose to the highest level of the current fiscal year (FY26), reaching $3.6 billion, largely driven by continued incentives for sending money through formal channels and relative stability in the exchange rate.\n\nCurrency experts _believe_ remittance growth this year is weaker than in FY25. They cite concerns over a “managed” exchange rate, suggesting some inflows may be diverted away from official banking channels.\n\nPakistan is among the top countries receiving large foreign exchange inflows through remittances. While a growing number of jobseekers leaving the country is termed by some economists as brain drain, the government considers it beneficial for the external balance.\n\nLast year’s record inflows of $38bn helped partially repay external debt, boost State Bank reserves, stabilise the exch­ange rate and post a current account surplus after more than a decade.",
  "title": "Workers’ remittances total $3.5bn in January, up 11.3pc in Jul–Jan FY26"
}