ISLAMABAD: Overseas Pakistanis sent nearly $4 billion in remittances to Pakistan in October, bringing total inflows during the first four months (July–October) of the current fiscal year close to $15 billion, according to data released by the State Bank of Pakistan (SBP). The SBP reported that remittances increased by 8.5 per cent month-on-month and 14 per cent year-on-year in October. During July–October, remittance inflows also registered a 14 per cent increase compared to the corresponding period of the previous fiscal year. Saudi Arabia remained the largest source of remittances, with overseas Pakistanis sending $980 million during October. The United Arab Emirates ranked second with $815.9 million, followed by the United Kingdom with $600 million and the United States with $330 million. The continued increase in remittances is expected to provide support to Pakistan's foreign exchange reserves and strengthen its external account position.