Send Money To Pakistan

Updated on September 13, 2020
Personal
Business
From
United States Flag
United States
USD
To
Pakistan Flag
Pakistan
PKR
1 USD equals
166.079 PKR
09/13/2020 5:19 PM UTC
 
How much to transfer?
$1-1k
$1k-10k
$10k +
Provider
Features
Fees
Score
Speed
Transfer Now
OFX Logo
  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers
$
$
$

low

Fees
87
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank transfer
  • Debit card (UK only)
  • BPAY (Australia only)
  • Direct debit (U.S. only)

Features

  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees for personal transfers
  • Circle Check Icon
    Get competitive exchange rates
  • Circle Check Icon
    Lets you schedule transfers with ease
  • Circle Check Icon
    Trading in some currencies possible only over the phone
  • Circle Check Icon
    Website access only in English

XE Money Transfer Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service
$
$
$

low

Fees
74
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank Transfer
  • BPAY (Australia)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    No fees for personal transfers
  • Circle Check Icon
    Accepts payments in several currencies
  • Circle Check Icon
    Target specific rates using limit orders
  • Circle Check Icon
    No debit or credit card payments
  • Circle Check Icon
    No scheduled transfers

WorldRemit Logo
  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website
$
$
$

medium

Fees
63
Speed Icon

fast

1-2 days

Less Information
+

Transfer Options

  • Bank Transfer
  • Debit / Credit card
  • Google / Apply Pay
  • POLi (Australia)

Features

  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

medium

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    Transfers to cash pickup locations
  • Circle Check Icon
    Transparent rates and fees
  • Circle Check Icon
    Low minimum transfer amount
  • Circle Check Icon
    No hedging tools
  • Circle Check Icon
    No scheduled transfers

Payoneer Logo
    $
    $
    $

    high

    Fees
    71
    Speed Icon

    medium

    2-3 days

    Less Information
    +

    Transfer Options

    • Bank transfer
    • Debit card
    • Credit card
    • Bank debit

    Features

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      high

      Fees
      Speed Icon

      medium

      2-3 days

      Best For


      TransferWise Logo
      • Check Icon
        Transparent fee structure
      • Check Icon
        Send money to email addresses
      • Check Icon
        Multicurrency account with debit card
      • Check Icon
        Multilingual website & app
      $
      $
      $

      low

      Fees
      75
      Speed Icon

      fast

      1-2 days

      Less Information
      +

      Transfer Options

      • Bank Transfer
      • Credit Card
      • Debit Card
      • Country specific alternatives

      Features

      • Check Icon
        Transparent fee structure
      • Check Icon
        Send money to email addresses
      • Check Icon
        Multicurrency account with debit card
      • Check Icon
        Multilingual website & app

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      low

      Fees
      Speed Icon

      fast

      1-2 days

      Best For

      • Circle Check Icon
        User friendly mobile app
      • Circle Check Icon
        Multi-currency account
      • Circle Check Icon
        Travel debit card
      • Circle Check Icon
        No scheduled transfers
      • Circle Check Icon
        No dedicated account manager

      How to send money to Pakistan

      How To Step Icon
      Step 1
      Compare, decide, sign up
      Compare, decide, sign up
      Compare offerings of the top money transfer companies.
      Select the best alternative according to your individual needs.
      Choose from registering as an individual or a business.
      Sign up by providing details from a valid form of ID such as your passport or driver's license.
      How To Step Icon
      Step 2
      Verify exchange rate, initiate transfer
      Verify exchange rate, initiate transfer
      Look at historical PKR exchange rates against your desired currency.
      Enter the transfer amount, and determine if you are satisfied with the rate that is offered. Provide local bank account details of the recipient.
      Lock the provided exchange rate to begin the process of sending money to Pakistan.
      How To Step Icon
      Step 3
      The actual transfer
      The actual transfer
      Transferring money to Pakistan requires that you start by sending a payment to your service provider.
      Depending on the company you select, you might get to choose from different payment methods.
      Once your payment gets to your service provider, it initiates the overseas money transfer. Notifications and updates helps you track your transfer.

      What you need to send money to Pakistan

      You will need to provide details from a valid ID document such as your passport or driver's license. Keep your credit/debit card or bank account details handy, as you will need these to pay for your transfer. You will also need to provide the recipient's Paksitani bank account details.

       

      Ways to receive money in Pakistan

      The recipient in Pakistan may receive money from overseas:

      • Into a bank account
      • By visiting a cash pick-up center
      • As a mobile airtime or mobile wallet top up

       

      Bank account

      The most cost-effective way to send money to Pakistan is transferring it directly into the recipient's bank account. How long the transfer takes to process depends on your service provider, the mode of payment, and the recipient's bank. Most of the country's prominent banks allow incoming international fund transfers. These include Standard Chartered Pakistan, Habib Bank Limited (HBL), National Bank of Pakistan (NBP), MCB Bank, and United Bank Limited (UBL).

      What you need to send money to a Pakistani bank account.

      The information you need includes the name of the recipient, a bank account number or an IBAN, and a SWIFT code.

      • Bank account numbers in Pakistan may have 12 to 20 to digits.
      • International Bank Account Numbers (IBANs) in Pakistan have 24 characters: Within an IBAN, the account number is represented by the last 16 digits.
      • You need to provide the recipient bank's SWIFT code when sending money to Pakistan from overseas. Example - the SWIFT code for UBL in Jinnah Avenue, Karachi is UNILPKKA741.

       

      Cash pick-up

      Transfers to cash pick-up locations tend to attract higher fees in comparison to bank account transfers. WorldRemit and Remitly provide this service in Pakistan. Here are addresses of some cash pick-up centers in Pakistan.

      WorldRemit cash pick-up locations in Pakistan 

      Karachi:

      Allied Bank Limited,

      Main Clifton Road, Karachi

      National Bank of Pakistan

      Saddar Karachi, Karachi

      Lahore:

      Allied Bank Limited

      3-4 Tipu Block, Garden Town

      Kalma Chowk, Lahore

      National Bank of Pakistan

      Ayubia Market, Chaudhry Anwar Ali Road, Block A, Muslim Town, Lahore

      Remitly cash pick-up locations in Pakistan 

      Karachi:

      Allied Bank Limited

      Lucky Cement Branch, Hyderabad Motorway, Karachi

      Allied Bank Limited

      Maripur Road, Karachi

      Lahore:

      Allied Bank Limited

      Shadman Market Road, Shadman, Lahore

      Allied Bank LImited

      Sarfaraz Rafiqui Road, Cantt, Lahore

       

      What is required for cash pick-up in Pakistan

      Your service provider will need the recipient’s name as well as the location from where the recipient wishes to collect the transferred funds. The recipient may collect the money by presenting a valid form of ID along with a transaction/reference number.

       

      Safety tips for picking up cash in Pakistan

      Instances of street crime in Pakistan are not uncommon. If you plan to collect cash from a physical location, you should exercise basic precautions. Consider taking someone along if you plan to collect a large sum.

      Remain vigilant when using public transport, in crowded areas, and when travelling to and from the airport, because thieves are known to steal bags, passports, jewelry, mobile phones, and laptops. Larceny, pick-pocketing, and thefts are fairly common in trains and buses at all times of the day. While congested commercial areas and low-income residential areas are prone to higher levels of crime, they take place in affluent neighborhoods as well.

      Credit card fraud is common in Pakistan, so use your card carefully and never leave it out of sight. You may be targeted by thieves if they think you are wealthy, so refrain from wearing expensive watches and jewelry, or displaying expensive gadgets.

      There are high levels of lawlessness in rural Sindh, Khyber-Pakhtunkhwa, and most parts of Balochistan, so reconsider travelling to these areas unless necessary.

       

      Mobile airtime top-up options

      You may use the services of WorldRemit or Azimo to top up mobile airtime of different service providers in Pakistan. These include Mobilink, Telenor, UFone, Warid, and Zong. WorldRemit  also lets you send money to JazzCash mobile wallets in Pakistan.

      FAQs

      Best way to send money to Pakistan

      The best way to send money to Pakistan is through a specialist money transfer company, directly into the recipient's bank account. Benefits include lower costs, quicker turnaround times, and better customer service compared to traditional banks. Some of the leading companies that let you send money to Pakistan include OFX, WorldRemit, XE, SendFX and TransferWise.  The best way to send cash or mobile credit top up is through WorldRemit.

      Cheapest way to send money to Pakistan

      The cheapest way to send money to Pakistan is directly to a recipient's bank account. Sending cash or topping up mobile credit can incur additional costs. These costs can be hidden in weaker exchange rates and/or come in the form of upfront fees.

      The cheapest way to send money to a Pakistani bank account from most countries would be through OFX and TransferWise, and through SendFX from Australia and New Zealand.

      How much money can I transfer to Pakistan?

      The Foreign Exchange Regulation Act, 1947 regulates Pakistan’s foreign exchange policy. There are no restrictions on inward remittances in foreign currencies. In Pakistan, any authorized dealer is free to purchase different kinds of financial instruments that are payable in foreign currencies, or drawn in Pakistani rupees through non-resident rupee accounts.

      Is PayPal available in Pakistan?

      The simple answer is yes and no. PayPal does not work in Pakistan and you cannot open a PayPal account in Pakistan. However, you may use PayPal services in Pakistan if you have a bank account in any of the countries it operates. Residents of Pakistan may also use U.S. bank account details from their Payoneer accounts to get verified PayPal accounts. Incidentally, the government of Pakistan is keen to get PayPal services in the country.

      Residents of the U.S., Canada, the UK, and the European Union may use the services of Xoom, a PayPal company, to transfer money to Pakistan.

      Can I send money to Pakistan through PayPal?

      No. You cannot send money to Pakistan through PayPal. However, XOOM, a PayPal company, allows you to send money to Pakistan. XOOM supports sending money to a Pakistani bank account and supports cash pickup. This service is available for residents of the U.S., Canada, the European Union and the UK.

      How can I transfer money to Pakistan?

      You may transfer money directly into the recipient's bank account, send it to a cash pickup center, or top up mobile wallets or mobile airtime. WordRemit provides all these services.

      How can I send money from India to Pakistan?

      Most leading banks in India let their customers send money to Pakistan. Some of the top money transfer companies that allow transfers from India to Pakistan include TransferWise, Skrill, Westren Union and MoneyGram.

      While transferring money to a Pakistani bank account is typically the most cost-effective, you may also get the recipient to collect the transferred money from a cash pickup center.

      How much cash can I take to Pakistan from the UK?

      When travelling from the UK to Pakistan, you need to file a declaration if you are carrying  €10,000 (or its equivalent in GBP) or more in cash. The same limit applies if you are travelling as a family. You need to file this declaration up to 72 hours prior to your travel.

      Pakistan has no other limits on the amount of money you may transfer into the country.

      Can we send money to Pakistan through Western Union?

      Yes, you can send money to Pakistan through Western Union. Depending on where you live, you may pay for your transfer online or by visiting a Western Union location. The recipient may receive the funds directly into a Pakistani bank account or by visiting a cash pickup center.

      Does Western Union work in Pakistan?

      Yes, Western Union works in Pakistan. It has an extensive agent network in the country and it also facilitates bank account transfers.

      Is TransferWise legal in Pakistan?

      Yes. TransferWise is legal in Pakistan. You may use its services to send money to Pakistan, but not from Pakistan. TransferWise transfers PKR directly into Pakistani bank accounts, with an upper limit of PKR 980,000 per transfer. However, TransferWise does not transfer money to businesses in Pakistan. All PKR transfers through the company require the sender and recipient to be private individuals.

      The TransferWise Borderless account (not available to Pakistani residents) lets customers hold and manage funds in around 50 currencies, including PKR.

      Which Pakistani bank is best for international transactions?

      Standard Chartered Pakistan is favored by many people who carry out international transactions. Other leading alternatives include Habib Bank LImited (HBL), MCB Bank Limited, National Bank of Pakistan (NBP), United Bank Limited (UBL), and Allied Bank.

      Is Payza available in Pakistan?

      Payza is not available in Pakistan. The Payza business was shut down by U.S. authorities in March 2018.

      Convert USD to PKR

      Check out the historical exchange rates for the last thirty days. Learn how much you can save by using a global money transfer company instead of the big banks.
      USD
      PKR
      Sending money online through specialist money transfer companies.

      Expect to receive between PKRs16441.83 and PKRs16541.48 when sending money from USD to PKR at today's exchange rate.

      Compare that to sending money overseas through retail banks. Expect to receive approximately PKRs15777.51, not including additional banking fees. That is an average saving of PKRs714.14.
      Currency exchange rate in the last 30 days

      Need more information?

      Read useful guides on international remittance and more detailed reviews on the best money transfer services.

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