The value of remittances received in Pakistan was over 500 times the size of the country's remittance outflow, with most money from Pakistan going to Afghanistan in 2021. This is according to a ranking that attempts to map out the flow of such money transfers. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. For Pakistan, the top five recipient countries for remittances in 2021 included - largely - Afghanistan, and to a much lesser extent China, Sri Lanka, Myanmar, and Indonesia. Pakistan's main sources for remittances were Saudi Arabia, the United Arab Emirates, the United Kingdom, the United States, and Kuwait.

The personal remittances received in Pakistan decreased to 26.56 billion U.S. dollars since the previous year. Nevertheless, the last two years recorded significantly higher personal remittances received than the preceding years.A remittance is a non-commercial transfer of money by a nonresident worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country. Workers’ remittances are a significant part of international capital flows, especially regarding labor-exporting countries.Find more statistics on other topics about Pakistan with key insights such as total reserves, net trade in goods and services, and annual growth of gross capital formation.

Pakistan PK: Average Transaction Cost of Sending Remittances to a Specific Country data was reported at 4.759 % in 2017. This records an increase from the previous number of 4.753 % for 2016. Pakistan PK: Average Transaction Cost of Sending Remittances to a Specific Country data is updated yearly, averaging 5.389 % from Dec 2011 (Median) to 2017, with 7 observations. The data reached an all-time high of 6.588 % in 2011 and a record low of 4.557 % in 2014. Pakistan PK: Average Transaction Cost of Sending Remittances to a Specific Country data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Pakistan – Table PK.World Bank.WDI: Payment System. Average transaction cost of sending remittance to a specific country is the average of the total transaction cost in percentage of the amount sent for sending USD 200 charged by each single remittance service provider (RSP) included in the Remittance Prices Worldwide (RPW) database to a specific country.; ; World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org; Unweighted average;

Remittances in Pakistan increased to 3119 USD Million in February from 3003.40 USD Million in January of 2025. This dataset provides - Pakistan Remittances - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Pakistan Workers' Remittances data was reported at 3.119 USD bn in Feb 2025. This records an increase from the previous number of 3.003 USD bn for Jan 2025. Pakistan Workers' Remittances data is updated monthly, averaging 205.575 USD mn from Jul 1972 (Median) to Feb 2025, with 632 observations. The data reached an all-time high of 3.242 USD bn in May 2024 and a record low of 9.470 USD mn in Jul 1972. Pakistan Workers' Remittances data remains active status in CEIC and is reported by State Bank of Pakistan. The data is categorized under Global Database’s Pakistan – Table PK.JB017: Workers' Remittances.

Using bilateral data on remittance flows to Pakistan for 23 major host countries, this is the first study that examines the effect of transaction costs on foreign remittances. The authors find that the effect of transaction costs on remittance flows is negative and significant; suggesting that a high cost will either refrain migrants from sending money back home or make them remit through informal channels. They also find that remittances are facilitated by the existence of migrant networks and improvements in home and host country financial services. Distance, which has been used in previous studies as an indicator of the cost of remitting, is found to be a poor proxy.

Money transfers to other countries outside the United Kingdom were nearly 10 times higher in 2021 than money received. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. For the United Kingdom, the top five recipient countries for remittances in 2021 included India, Pakistan, Nigeria, France, and Germany. The UK's five main sources for remittances were Australia, the United States, Canada, Spain, and Ireland.

Pakistan Workers' Remittances: Cash: UK data was reported at 298.801 USD mn in Oct 2018. This records an increase from the previous number of 203.080 USD mn for Sep 2018. Pakistan Workers' Remittances: Cash: UK data is updated monthly, averaging 13.480 USD mn from Jul 1972 (Median) to Oct 2018, with 556 observations. The data reached an all-time high of 309.270 USD mn in Jun 2016 and a record low of 3.000 USD mn in Oct 1976. Pakistan Workers' Remittances: Cash: UK data remains active status in CEIC and is reported by State Bank of Pakistan. The data is categorized under Global Database’s Pakistan – Table PK.JB014: Workers' Remittances.

India was Canada's main destination for remittances in 2021, according to a country ranking on the flow of such money transfers. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. For Canada, the top five recipient countries for remittances in 2021 included India, the Philippines, China, France, and Pakistan. Canada's five main sources for remittances were - by a large margin - the United States, followed by the UK, Australia, France, and Italy.

Pakistan Workers' Remittances: Cash: Qatar data was reported at 29.820 USD mn in Nov 2018. This records a decrease from the previous number of 34.924 USD mn for Oct 2018. Pakistan Workers' Remittances: Cash: Qatar data is updated monthly, averaging 4.270 USD mn from Jul 1972 (Median) to Nov 2018, with 557 observations. The data reached an all-time high of 62.560 USD mn in Jun 2017 and a record low of 0.130 USD mn in Dec 1973. Pakistan Workers' Remittances: Cash: Qatar data remains active status in CEIC and is reported by State Bank of Pakistan. The data is categorized under Global Database’s Pakistan – Table PK.JB014: Workers' Remittances.

The value of remittances received in Nepal was roughly five times higher than the remittance outflow, with most money from Nepal going towards India in 2021. This is according to a ranking that attempts to map out the flow of such money transfers. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. For Nepal, the top five recipient countries for remittances in 2021 included India, China, Bhutan, Pakistan, and Bangladesh. Nepal's main sources for remittances were the Saudi Arabia, Malaysia, India, Qatar, and the United States.

Pakistan Workers' Remittances: Cash: Others data was reported at 251.921 USD mn in Oct 2018. This records an increase from the previous number of 194.810 USD mn for Sep 2018. Pakistan Workers' Remittances: Cash: Others data is updated monthly, averaging 13.385 USD mn from Jul 1972 (Median) to Oct 2018, with 556 observations. The data reached an all-time high of 281.450 USD mn in Aug 2018 and a record low of 0.760 USD mn in Feb 1973. Pakistan Workers' Remittances: Cash: Others data remains active status in CEIC and is reported by State Bank of Pakistan. The data is categorized under Global Database’s Pakistan – Table PK.JB014: Workers' Remittances.

Remittance outflow from the Kingdom of Saudi Arabia were nearly 160 times larger than the value of incoming remittances, with most the KSA's outflow going to India in 2021. This is according to a ranking that attempts to map out the flow of such money transfers. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. For Saudi Arabia, the top five recipient countries for remittances in 2021 were largely found in Asia as it included India, Egypt, Pakistan, Bangladesh, and the Philippines. Saudi Arabia's main sources for remittances were the United States, Turkey, Libya, and the United Kingdom.

Pakistan SBP Forecast: Workers' Remittances: Upper Limit data was reported at 21.500 USD bn in 2019. This records an increase from the previous number of 20.500 USD bn for 2018. Pakistan SBP Forecast: Workers' Remittances: Upper Limit data is updated yearly, averaging 12.250 USD bn from Jun 2004 (Median) to 2019, with 16 observations. The data reached an all-time high of 21.500 USD bn in 2019 and a record low of 3.700 USD bn in 2004. Pakistan SBP Forecast: Workers' Remittances: Upper Limit data remains active status in CEIC and is reported by State Bank of Pakistan. The data is categorized under Global Database’s Pakistan – Table PK.JB015: Workers' Remittances: Forecast: State Bank of Pakistan.

The value of remittances sent from Qatar to other countries in 2021 was over 14 times bigger than the value received from from abroad. This is according to a ranking that attempts to map out the flow of such money transfers. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. For Qatar, the top five recipient countries for remittances in 2021 included India, Egypt, Pakistan, the Philippines, and Nepal.

Pakistan Workers' Remittances: Cash data was reported at 2.000 USD bn in Oct 2018. This records an increase from the previous number of 1.452 USD bn for Sep 2018. Pakistan Workers' Remittances: Cash data is updated monthly, averaging 179.270 USD mn from Jul 1972 (Median) to Oct 2018, with 556 observations. The data reached an all-time high of 2.073 USD bn in Jun 2016 and a record low of 9.470 USD mn in Jul 1972. Pakistan Workers' Remittances: Cash data remains active status in CEIC and is reported by State Bank of Pakistan. The data is categorized under Global Database’s Pakistan – Table PK.JB014: Workers' Remittances.

India, China, and Pakistan accounted for a combined 80 percent of the total inflow of remittance-receiving countries in Asia bar Southeast Asia in 2021. Remittances received by the eight 12 countries and territories in this region were worth roughly 157 billion U.S. dollars, with more than half of this money originating from the Middle East. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. Southeast Asia's outflow largely stayed within Asia, especially within both Southeast Asia itself and South Asia - which includes India.

Pakistan Workers' Remittances: Cash: Saudi Arabia data was reported at 395.122 USD mn in Nov 2018. This records a decrease from the previous number of 494.529 USD mn for Oct 2018. Pakistan Workers' Remittances: Cash: Saudi Arabia data is updated monthly, averaging 58.130 USD mn from Jul 1972 (Median) to Nov 2018, with 557 observations. The data reached an all-time high of 582.840 USD mn in Jun 2016 and a record low of 0.500 USD mn in Jan 1973. Pakistan Workers' Remittances: Cash: Saudi Arabia data remains active status in CEIC and is reported by State Bank of Pakistan. The data is categorized under Global Database’s Pakistan – Table PK.JB014: Workers' Remittances.

The value of remittances received in Oman was substantially smaller than the remittance outflow, with most money from Oman going towards India in 2021. This is according to a ranking that attempts to map out the flow of such money transfers. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. For Oman, the top five recipient countries for remittances in 2021 included India, Pakistan, Bangladesh, Egypt, and the Philippines.

Nearly half of the remittances that left the United Arab Emirates in 2021 went towards India, according to a ranking that maps the flow of such money transfers. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. The UAE stands out in this reporting as it one of the few countries that did not have a registered inflow of remittances. The source does not clarify why this is the case - it does not state whether there is a lack of data on this, or incoming remittances were simply too small. The top five recipient countries for remittances from the UAE in 2021 included India, Egypt, Pakistan, Bangladesh, and the Philippines.