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Send Money To Pakistan

With government efforts through the Pakistan Remittance Initiative (PRI) and other programs bearing fruit, it helps to know the different ways you can send money to Pakistan, the information required when sending and receiving, the benefits of using money transfer services and the specific things to consider before deciding on how to send money to Pakistan.

Updated: 01/10/2021
Read time: 18 minutes
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How To Send Money To Pakistan

Looking to find the best way to money to Pakistan? The steps are simple and easy. Read below to find the easy way to send money to Pakistan.

Step 1

Find a Trusted Provider

Our comparison table for sending money to internationally looks at your specific transfer needs to and from any country in the world. Use this to find a provider that provides the best all-round service for you.
Step 2

Register with your chosen provider

Most providers will be completely free to sign up to, simply requiring your name, address and contact information. In most cases, you’ll also need to upload a picture of a valid photo ID to verify your identity.
Step 3

Transfer Money

As soon as you're ready, you can start sending money online.

Ways To Send And Receive Money In Pakistan

There are multiple ways to easily send and receive money in Pakistan but these will largely depend on the provider you decide to use. Below you will find everything you need to know about the best ways to send money to Pakistan.

Sending Money To Pakistan
Receiving Money In Pakistan

Ways to Send Money to Pakistan

The Ministry of Finance, State Bank of Pakistan, and the Ministry of Overseas Pakistanis launched a joint initiative called the Pakistan Remittance Initiative (PRI). This initiative aims to support cheaper and convenient remittance flow to Pakistan.

Much like in many other countries, the banking industry has been a dominant player in the movement of money into the country. However, this is slowly changing with money transfer operators penetrating the remittance channels into Pakistan. The following are some of the formal ways to send money to Pakistan.

International Bank Wire Transfers

The Pakistan banking sector has a total of 35 banks comprising public banks, private banks, and foreign banks. Sending money to Pakistan through bank wire transfers remains one of the safest and most reliable ways. That said, the cost of sending is still high with fees charged by the sender’s bank, correspondent bank(s), and recipient’s bank.

The fees charged by the correspondent banks makes it difficult for the sender to estimate the much the recipient will get. Also, bank wire transfers are impractical for sending small amounts because of the high fees.

For example, sending money from Saudi Arabia to Pakistan costs about $6.45 while sending from the United Kingdom costs $5.30.

Online Money Transfers

There have been concerted efforts by local exchange companies to increase their tie-ups with international money transfer operators. These initiatives have opened floodgates to allow many mobile transfer service providers to join the various Pakistan remittance corridors.

Online money transfers help bridge the gap as far as transaction fees, transfer speed, and convenience are concerned. The type of money transfer service to use largely depends on the country you are sending from, the availability of a reliable agent network in Pakistan, partnerships the transfer service has with the Pakistan banking system and so forth.

Some of the most common online money transfer providers servicing Pakistan remittance corridors include MoneyGram, Western Union, Xpress Money, Telemoney, WorldRemit, Xoom, TransferWise, and Ria.

Most of these money transfer operators only require that you set up an account with them, fund it and transfer to your loved ones. Setting up is very simple, as all you may need is an email address and a few other personal details like phone number and password.

Once you set up the account, you can fund it in several ways including instore cash deposit, bank transfer, and credit or debit card. How to transfer money to Pakistan largely depends on your preferences. You can send straight from the providers’ websites, use a mobile app, walk to physical stores and send from there, or begin the process online and complete it in a store of your choice.

Online money transfer providers give you several options when sending money to Pakistan. The following are the most common:

  • Bank Transfers – Here, the money is sent directly to the recipient’s bank account. This option is safe, convenient, and appropriate for sending large amounts.
  • Cash Pick Up – In this mode of transfer, the money is sent to an agent from where the recipient can pick it up. Whether or not you should go for this option depends on the provider you choose and the network of agents or affiliate banks they have in Pakistan. Cash pickups are relatively safer and convenient for sending small amounts.
  • Mobile Wallet -Providers such as WorldRemit offer direct deposits into Pakistani Rupee-denominated mobile wallet accounts. It is a faster and a much safer way because the recipient doesn’t have to look for a bank or an agent to withdraw the money. They can start paying their bills right away!

International Cheque

This method is much slower and may take weeks before the recipient’s account is credited. If you are lucky enough to find a subsidiary of the bank that funds the cheque in Pakistan, you can cash it with no hassle.

Some of the foreign banks here include Barclays Bank PLC., Citibank N.A. – Pakistan Operations, Deutsche Bank AG, Dubai Islamic Bank (Pakistan) Limited, Standard Chartered Bank Limited, Industrial and Commercial Bank of China Limited among others.

What’s Needed to Send Money to Pakistan

Because of government and private sector support, money transfer to Pakistan is much easier. On realising the importance of remittances in the economy, the government has been rolling out initiatives and incentives to encourage the Pakistani diaspora to send money home.

If you want to send money to your loved ones in Pakistan, you will need to have the following information.

  • Your government-issued photo I.D.
  • The card number if using a debit or credit card to fund your transfer
  • The full name of the recipient as it appears on their official documents
  • The recipient’s address and phone number
  • If sending directly to the recipient’s account, you’ll need to provide their account name, bank, branch, and swift code or routing number

However, some providers and source country regulations may require additional information to allow you to send money to Pakistan.

Common Reasons For Sending Money To Pakistan

Pakistanis abroad send home approximately $2 billion per month. Most of it ends up in household expenditures with some left for savings and investment. The following are some of the common reasons for Pakistanis to send money to their loved ones back at home.

Household Consumption

A household consumption survey carried out in 2010 and 2011 established that Pakistan remittances are mainly for consumption. Food took the most of the allocation with the rest going to other day-to-day household expenditures.

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In a study on The Impact of Remittances on Child Education in Pakistan, children from families that receive remittances are likely to enrol and complete school. Girls from households in rural Pakistan tend to benefit the most.

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Pakistanis in the diaspora experience some of the best healthcare systems. Majority of them want to replicate this level of care back home so that their loved ones can also enjoy. Therefore, they send money to enable their families to access quality private health care. Households that couldn’t afford proper healthcare can also access improved healthcare services.

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Asset Acquisition

Depending on the nature and size of remittances, households may be instructed to purchase productive and household assets. For instance, the money sent may be used to buy land, houses, livestock and agricultural equipment.

Trade and Business Investments

Pakistanis in the diaspora still have economic ambitions back home. Some of them send money to help establish new businesses while others boost the cashflows of existing businesses. In particular, the trade and business objective has received increasing support from the government. Such ventures, lift economic standards and create direct and indirect employment.

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Social Contributions

Though living in the diaspora, Pakistanis still remain connected to events back home. They send money for weddings, religious festivals and other social events. For instance, in July 2019, many Pakistanis sent home money for the Eid al-Adha celebrations that took place on August 11-12, 2019.

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Why Send Money With a Money Transfer Service? 

Money transfer services are legal channels for sending money to Pakistan. The government has been encouraging Pakistanis abroad to use banks and money transfer operators when transferring money to their loved ones at home. The following are some of the reasons for and benefits of money transfer services. 

Easier to Set Up

Banks are great channels for sending money home, but the number of Know Your Customer (KYC) checks can be overwhelming. Money transfer operators give you a much simpler way to sign up for an account, fund it, and transfer in minutes. You may only need to provide your email address and phone number.

Faster Transfers

In a matter of minutes or hours, your loved ones can get the money you’ve sent. When funding your transfers, choose a debit or credit card for even quicker transfers.

Favourable Exchange Rates

Money transfer services exchange foreign currencies for the Pakistan rupee at high rates. Therefore, recipients end up getting more money in rupees. Instead of using sell and buy rates, money transfer services use mid-market rates.

Lower Transaction Fees

Compared to mainstream banks, money transfer operators charge minimal rates per transaction. Instead of concentrating their charges on a few transactions they spread them over the thousands of transactions.

Multicurrency Support

Whether you are sending in sterling pounds, United States dollar, Saudi Arabia riyal, euro, Kuwait dinar, or in Vietnamese dong, money transfer services will allow you to do so. This support gives you flexibility and choice without having to worry about the convertibility of currencies.


With top of the class technologies such as 3D Secure and other digital authentications, parties are assured of safety and peace of mind when sending money online. Cybercrime is a real risk, but emerging technologies are also hard to beat.

Things to Consider When Sending Money to Pakistan

It is important that you send money to your loved ones from time to time. This gesture keeps you connected with people at home and also ensures your family and relatives are comfortable. However, before arranging a money transfer to Pakistan consider the following issues:

  • Weakening Pakistan Rupee – Pakistanis can take advantage of the weakening rupee to send more money home. In 2018, the rupee plunged more than 20% in a move seen as part of the International Monetary Fund (IMF) influence to correct the country’s current-account and budget deficits. 
  • Pakistan Remittance Initiative (PRI) – This joint initiative has strengthened the remittance framework of banks and money transfer operators in Pakistan. Programs such as Cash over the Counter (COC), Non-Resident Pakistanis (NRP) accounts, and United Bank Limited (UBL) Pardes Account and free debit cards make it easier to send and receive money in Pakistan.
  • Below-Target Economic Growth – In the year ended June 2019, the Pakistan economy is estimated to have grown at 3.3%. Though positive, this expansion is well below the 6.2% target set in 2018. Key sectors have been recording below-par performance amidst economic headwinds and austerity measures put in place by the IMF.  Pakistanis abroad need to send money to their families to enable them to wade through the tough times.

Though the Pakistan economy is still in the doldrums, there is hope for robust growth and economic prosperity. Remittances play a major role in boosting the economy. However, if you are to send money home, you need to know the various ways of sending and receiving, the documents and information required, the benefits of using money transfer services and the key issues to consider back home.

Your Questions Answered

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Looking to Send Money Somewhere Else? 

Sending money anywhere else in the world is as easy as sending money to Pakistan. If you’re looking to send money to another country, here is the list of the most popular destinations.

Jonathan Merry

Jonathan is the founder and editor of MoneyTransfers.com. Jonathan is highly experienced in the currency transfer market, having previously worked in the FX trading industry, alongside being an avid traveller. Using his knowledge he identified a need for transparency and further education to help people save money on their money transfers, leading to the creation of MoneyTransfers.com