Saudi Arabia leads Pakistan’s December remittances as inflows rise 16.5%

A dealer counts US dollars at a money exchange market in Karachi, Pakistan, on March 2, 2023. (AFP/File)
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Updated 09 January 2026
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Saudi Arabia leads Pakistan’s December remittances as inflows rise 16.5%

  • Remittances reach $3.6bn in December, central bank says
  • Flows from Gulf countries remain backbone of Pakistan’s external financing

KARACHI: Workers’ remittances to Pakistan rose sharply in December with inflows led by Saudi Arabia, according to State Bank of Pakistan data released on Friday, providing critical support to the country’s foreign exchange reserves and balance of payments. 

Remittances, a key source of hard currency for Pakistan, have remained resilient despite global economic uncertainty, helping cushion the country’s current account, support the rupee and stabilize foreign exchange reserves at a time when Islamabad remains under an International Monetary Fund (IMF) bailout program.

According to the State Bank of Pakistan’s official data, workers’ remittances reached a record $38.3 billion in fiscal year 2024-25 (July 2024–June 2025), up from about $30.3 billion the year before, reflecting strong labor migration to Gulf countries and improved formal banking channels. Economists say remittances are especially vital for Pakistan because they finance imports, support household consumption and reduce reliance on external borrowing.

“Workers’ remittances recorded an inflow of $ 3.6 billion during December 2025,” the central bank said in a statement.

“In terms of growth, remittances increased by 16.5 and 12.6% on y/y and m/m basis respectively.”

On a cumulative basis, remittances also posted solid growth in the current fiscal year.

“Cumulatively, with an inflow of $ 19.7 billion, workers’ remittances increased by 10.6% during H1FY26 compared to $ 17.8 billion received during the same period last year,” the statement said.

Saudi Arabia remained the single largest source of inflows in December with $813.1 million, followed by the United Arab Emirates at $726.1 million, the United Kingdom at $559.7 million and the United States at $301.7 million, according to the central bank.

Millions of Pakistanis work abroad, particularly in Saudi Arabia and the United Arab Emirates, sending money home to support families and local economies. The government and central bank have encouraged the use of formal channels in recent years, helping improve transparency and sustain inflows.


Pakistan military says 92 militants, 15 troops killed in coordinated Balochistan attacks

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Pakistan military says 92 militants, 15 troops killed in coordinated Balochistan attacks

  • BLA militants hit Quetta, Gwadar and seven other towns as security forces launched a counteroffensive
  • Military says 18 civilians, including women and children, were killed in attacks on laborer families

QUETTA/KARACHI/ISLAMABAD: Pakistan’s military said on Saturday it killed 92 militants, including three suicide bombers, while repelling coordinated attacks across the southwestern province of Balochistan, as security forces carried out large-scale clearance operations following assaults on civilians and law enforcement personnel.

The attacks, involving gunfire and explosions, targeted several locations including the provincial capital Quetta and the coastal city of Gwadar, as well as Mastung, Nushki, Dalbandin, Kharan, Panjgur, Tump and Pasni, according to the military’s media wing.

The Inter-Services Public Relations (ISPR) said in a statement that militants launched multiple attacks “to disrupt peace in Balochistan.”

“Security Forces and Law Enforcement Agencies being fully alert immediately responded and successfully thwarted the evil design of terrorists,” it said. “Our valiant troops carried out engagement of terrorists with precision and after prolong, intense and daring clearance operation across Balochistan, sent ninety two terrorists including three suicide bombers to hell, ensuring security and protection of local populace.”

The military said 18 civilians, including women, children, elderly people and laborers, were killed in attacks in Gwadar and Kharan. It said 15 security personnel were also killed during clearance operations and armed standoffs.

The ISPR said the attacks were launched by “Indian sponsored Fitna al Hindustan,” a reference to the separatist Balochistan Liberation Army (BLA), saying intelligence reports confirmed the violence was orchestrated and directed by militant leaders operating from outside Pakistan, who were in direct communication with attackers during the assaults.

The BLA also issued a statement earlier in the day, saying it had launched what it called “Operation Herof 2.0” and claiming responsibility for attacks in multiple locations.

Pakistani officials describe BLA militants as Indian proxies, a charge New Delhi denies.

The military said sanitization operations were continuing across the affected areas and that those involved in planning, facilitating or carrying out the attacks would be brought to justice.

Prime Minister Shehbaz Sharif praised security forces for foiling what he described as organized attempts to destabilize Balochistan, and paid tribute to personnel killed during the operations.

The ISPR said 41 additional militants were killed in separate operations a day earlier in Panjgur and Harnai, bringing the total number of militants killed in the past two days to 133.

Balochistan, which borders Iran and Afghanistan, has faced a decades-long insurgency by separatist militant groups, with Pakistani authorities frequently accusing foreign actors of backing the violence. India has repeatedly denied such allegations.