Last updated on June 27th, 2024 at 03:19 pm
During the 2020-2021 fiscal year alone, remittances to Pakistan totaled 29.4 billion U.S. dollars. You may send money to Pakistan if you’ve left and want to send money to loved ones. As of 2020, the average transfer fee for an international remittance was 7%, which amounts to tens of billions of dollars on an annual basis.
Consider online money transfer companies like Remitly, which is reliable, easy to use, and ensures a safe transfer and low fees.
In this article, we cover common FAQs and how to get started.
Reasons to use Remitly to send money to Pakistan
Remitly offers competitive currency exchange rates and secure and fast delivery.
The pricing structure for sending money to Pakistan is simple, with no hidden fees.
Send money to Pakistan in 5 steps
If you haven’t already, download the app. Then, follow these steps:
- Select Pakistan as your destination country.
- Enter the transfer amount you wish to send.
- Choose your delivery method—bank deposit, cash pickup, or mobile money (or called mobile wallet).
- Enter your recipient’s information, including the bank details, recipient’s bank account number, or phone number.
- Enter your payment methods, such as your credit card or debit card information.
Remitly may ask for additional documentation depending on the amount you send or if we’re unable to verify your identity.
With Remitly, which banks/providers can I send money to?
As of this writing, these are just some of the financial institutions in Pakistan where you can send money with Remitly. For the full list, check the app or website.
- United Bank (UBL)
- MCB Bank
- Bank Alfalah
- JS Bank
- The Bank of Punjab
How much money can I send to Pakistan with Remitly?
As an international money transfer provider, Remitly balances customer service with account security and international regulations. To do this, we have a sending limit when you first open your account.
If you need to send more than that, we will ask you for more information. For more about raising your sending limits, check out details here. Additional sending limits may apply depending upon your choice of payout partner or receiving location.
How much does it cost to send money to Pakistan with Remitly?
For current pricing on money transfers to Pakistan, check the app or website. At the time of this writing, transfer fees to Pakistan are:
- For U.S. customers, transfers are USD $1.99.
- For those in Canada, transfers are CAD $0.99 and $2.99, depending on the delivery method.
- For customers in Australia, transfers are AUD $0.99 and $2.99, depending on the delivery method.
- For those in the U.K., transfers are GBP £0.99 and £2.99, depending on the delivery method.
- For transfers of 30,000 PKR or more, $0 fees.
If you’re wondering how much 1 USD (U.S. dollar) can exchange for PKR (Pakistan rupee), check out Remitly’s website for the most current rates.
Further reading: 5 Facts You Might Not Know about the Pakistani Rupee
Is it safe to send money to Pakistan with Remitly?
Millions of people around the globe trust Remitly because of the secure and smooth money transfer experience we provide. Learn more about how Remitly keeps your information and money safe.
Remitly uses multiple levels of security so you can send money home with peace of mind. We protect your personal data 24 hours a day through fraud monitoring and encryption. For more information about our security, please visit here.
You and your recipients can track the transfers in real-time, so you won’t have to worry about where the money is. If you have questions throughout the process, we offer help 24/7.
You can have peace of mind that the money you’ve worked hard to earn will safely get to its destination.
Pakistan: an emerging global power
Pakistan’s history is an intriguing and captivating one. Pakistan achieved its independence from Great Britain in 1947. After significant turmoil over the next couple of decades, it ceded its eastern portion to the newly founded Bangladesh in 1971. Since then, it’s emerged as a regional powerhouse, especially as a nuclear power.
Pakistan is an economic power in Asia and the world. It ranks 20th in the world in terms of purchasing power parity and 35th in nominal GDP. Its nominal GDP is $347 billion.
Pakistan’s major cities are Karachi, Lahore, Faisalabad, Rawalpindi, and Gujranwala. Its capital city is Islamabad. The national language of Pakistan is Urdu.
The Pakistani diaspora is truly global, with about nine million Pakistanis living outside the country, the sixth-largest in the world. Most live in different countries in the Middle East, followed by a large number in the U.K.
Learn more: The Best Pakistani Rupee Rates: A Guide to Converting, Exchanging, and Transferring Rupees
Most popular banks in Pakistan
If you’re looking for a bank to send your money to in Pakistan, here are popular options: