{"id":2213,"date":"2020-05-23T11:14:27","date_gmt":"2020-05-23T11:14:27","guid":{"rendered":"https:\/\/propakistani.pk\/how-to\/?p=2213"},"modified":"2020-05-23T11:14:27","modified_gmt":"2020-05-23T11:14:27","slug":"how-to-send-money-to-pakistan","status":"publish","type":"post","link":"https:\/\/propakistani.pk\/how-to\/how-to-send-money-to-pakistan\/","title":{"rendered":"How To Send Money To Pakistan?"},"content":{"rendered":"

There are several ways to send money to Pakistan \u2013 but deciding which method gets you the best rates, fees and customer service, will make the process much simpler. This article is all about how to send money \u2013 from abroad \u2013 to Pakistan. Typically, the following image is what you could expect to see among the most popular choices:<\/p>\n

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Given the current times of uncertainty, this article might not be for everyone. But, we\u2019ve compiled the best possible options for generally anyone to consider.<\/p>\n

Also Read: Health Insurance In Pakistan<\/a><\/p>\n

Wishful Thinking | Send Money To Pakistan<\/h2>\n

Many people send money to Pakistan, often involving family members in the country, making up nearly 8% of our national GDP.<\/p>\n

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With steady inflows from remittances, Pakistanis living abroad have found pretty neat services that offer them good exchange rates.<\/p>\n

Each way of transferring money has advantages and disadvantages. Bank transfers can be slow and expensive, while cash transfers may not get you the best rate and are not always secure. Money transfer services can combine the best of both worlds \u2013 as long as you pick the right option for yourself.<\/p>\n

Here\u2019s a little hint:<\/p>\n

These services are faster than sending cheques or cash, and can be faster than bank services. Some even offer you the option of choosing the speed of your transfer, so you can get even better value for money if you are not in a hurry.<\/p>\n

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Picking the right option for money-transfer can be tricky. Let\u2019s see if we can find ourselves the right choice.<\/p>\n

GBP to PKR | Send Money To Pakistan<\/h3>\n

While many people worry about the fees they will pay when transferring money abroad, the most important thing is how much money in Pakistani rupees the recipient will receive when you transfer your pounds sterling to Pakistan. This will depend on two factors: the charges for transferring the money and the exchange rate.<\/p>\n

The exchange rate is the number of rupees that you will receive per pound sterling, and vice versa, and this rate moves up and down over time. It is important to pay attention to this rate when making an international transfer, because it can affect the final amount of money you transfer.<\/p>\n

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For example, if you send \u00a31,000 pounds at an exchange rate of 196.19 rupees to the pound with no fee, your recipient will receive 196,190 rupees.<\/p>\n

If you send the same amount of cash at a better exchange rate, such as 201.69 rupees to the pound, your recipient will receive more money. Even with a \u00a39 transfer fee, your recipient will receive 199,875 \u2013 a difference of 3,685 \u2013 as shown in the table below:<\/p>\n

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For A Company That offers Mid-market Exchange Rate | TransferWise<\/h3>\n

TransferWise<\/a>, a money transfer service, uses the mid-market exchange rate.<\/p>\n

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It appears in the top search results on Google, when you decide to send your money. One of the desirable attributes of this service is that, instead of making money off of you by offering an exchange rate that isn\u2019t as good<\/strong> as it could be, it charges a small upfront fee for sending your money, rather than making its money by offering you an exchange rate that isn\u2019t as good as it could be.<\/p>\n

This is a more transparent way of ensuring that you get a good deal when you send money to Pakistan.<\/p>\n

Step By Step | Send Money To Pakistan<\/h3>\n

Modern times have allowed banking sectors to send money from one international bank to another. Some of the Banks that offer international money transfer are:<\/p>\n