DFM ---ADX ---
1dAviation Sector Faces 2026 Headwinds After Record-Breaking 2025Business
1dDubai Rental Market Shifts as Tenants Prioritize Savings Over RenewalsBusiness
1dSamsung’s Approach to Perfecting the Galaxy Z Flip 8Business
1dUAE Launches Second Retail Sukuk Offering with 5.06% ReturnBusiness
1dUAE Carriers Confirm Normal Operations Following Major US Air Traffic DisruptionBusiness
1dGlobal Investors Turn to MENA Markets Amid Economic UncertaintyBusiness
1dIndia’s UPI Fee Shift: A New Chapter for Digital PaymentsBusiness
1dIndia's Corporate Succession Crisis: Why Governance Is FailingBusiness
1dTravel Disruptions Hit UAE Flights Amid Regional TensionsBusiness
1dUAE Remains a Top Global Investment Destination Despite Regional TensionsBusiness
1dGold Price Outlook: Market Experts Predict Continued ConsolidationBusiness
1dNew US Aviation Sanctions Disrupt Iran’s International Flight NetworkBusiness
1dPhonePe Gears Up for UAE Expansion With Preliminary Regulatory Green LightBusiness
1dDubai’s Appeal as a Budget-Friendly Property HubBusiness
1dTravel Disruptions Impacting UAE Airports on September 23Business
2dMiddle East Transforms into a Global Hub for Private InvestmentBusiness
2dADQ Secures Majority Stake in AD Ports Group Following Successful OfferBusiness
2dUAE Private Credit Market Set for Major Growth as Funding Gap Hits $250 BillionBusiness
2dDubai’s Luxury Rental Market Sees Surge in High-Value ContractsBusiness
2dUK and Gulf Leaders to Convene in London for Strategic DialogueBusiness
2dNew Air Arabia-Led Saudi Carrier Launches Domestic Flights From DammamBusiness
2dOman and Angola Forge Strategic Energy PartnershipBusiness
2dFreight Costs Surge in UAE and GCC Amidst Hormuz DisruptionsBusiness
2dUAE Set for Strong Economic ReboundBusiness
3dSharjah-Oman Trade Corridor Sees Massive 66% Growth in Early MonthsBusiness

Overseas Pakistanis Continue to Bolster National Economy Through Record Remittances

Mon, Aug 10, 2026(45d ago)Business

In July, overseas Pakistanis collectively sent home $3.63 billion, marking a solid 4.5 percent rise compared to the previous month. Saudi Arabia emerged as a key driver of this growth, with the diaspora there contributing over $913 million. While Gulf nations remain the backbone of these inflows—hosting nearly half of the global Pakistani workforce—the United Arab Emirates saw a slight downturn, with remittances falling by roughly seven percent to $737.3 million. Despite this minor dip in the UAE, the overall trend underscores the unwavering commitment of the 15 million Pakistanis living abroad to support their families and the national economy.

These remittances have become a vital lifeline for Pakistan, often outperforming the country's total merchandise exports and dwarfing annual foreign direct investment by a significant margin. This consistent influx of foreign currency is instrumental in helping the nation manage its trade deficit and maintain a current account surplus, even as import costs rise. Following a record-breaking fiscal year where inflows reached $41.6 billion, the contributions from major hubs like the UK, the European Union, and the US continue to provide essential financial stability, reinforcing the government’s view that the diaspora is truly the country's most valuable asset.

Comments0
No comments yet. Be the first to share your thoughts.