KARACHI: The federal government is reportedly considering easing restrictions on large remittances in the upcoming Budget 2026-27, as overseas Pakistanis face growing challenges in protecting and transferring their investments and liquid assets from abroad.
Currently, remittances exceeding Rs5 million are subject to restrictions when the sender and recipient are not close blood relatives. The limit was previously set at Rs10 million but was later reduced to Rs5 million. Financial industry sources say the existing cap has become a major hurdle for overseas Pakistanis looking to move their funds back to the country.
According to sources, uncertainty and deteriorating conditions in parts of the Gulf region have prompted many Pakistanis to explore options for repatriating their wealth. While selling overseas properties remains difficult in some cases, liquid assets can be transferred more easily. However, the current remittance restrictions have limited the ability of many individuals to move larger sums of money to Pakistan.
Pakistanis have long been among the largest foreign investors in Dubai’s real estate market and have frequently ranked second only to Indians in property purchases. In recent years, a significant number of Pakistani technology companies have also shifted operations to Dubai, attracted by business-friendly policies and favorable tax conditions.
Financial experts familiar with developments in the Gulf region say ongoing geopolitical tensions and security concerns have increased uncertainty among investors. While many working-class Pakistanis continue to live and work in Dubai, wealthier individuals with substantial investments are reportedly becoming increasingly concerned about the safety and future of their assets.
Sources also claim that a growing number of affluent Pakistanis are attempting to sell their overseas properties and relocate their liquid funds to safer destinations. Although official figures are not available regarding Pakistanis leaving or being expelled from Dubai, industry insiders say they have observed several such cases in recent months.
The proposed relaxation of remittance limits is expected to provide relief to overseas Pakistanis and encourage the inflow of foreign exchange into Pakistan, particularly at a time when the country is seeking to strengthen its reserves and attract greater investment from the diaspora.
