Pakistan Remittances Hit $3.46 Billion in January 2026, Up 15% YoY as Digital Channels Drive Growth
Pakistan received $3.46 billion in remittances in January 2026, up 15.4% year-on-year, with 7MFY26 inflows reaching $23.2 billion, according to SBP data, reflecting stronger formal and digital transfer channels.
Faysal Bank Secures Top 5 Position in Pakistan Remittance Market Recognized by SBP and PRI
Faysal Bank Limited has been recognized by the State Bank of Pakistan as the fifth largest bank in Pakistan’s remittance market at the Pakistan Remittance Summit 2025 in London.
SBP Warns Cutting Remittance Incentives Could Push Billions Back to Informal Channels
The State Bank of Pakistan has cautioned that reducing incentives under the Pakistan Remittance Initiative could divert critical inflows away from formal banking channels, threatening the country’s top source of foreign exchange.