Need to transfer money to Pakistan? Are you considering a wire to send the money to Pakistan? Before you go your bank to do it, be sure to check the wire transfer fees. It may come as a shock the amount the costs will be and depending on the amount, it might not be worth sending the money by bank wire transfer to send the money by other methods.
What can make it even more costly is in addition to your bank adding a fee for sending the money to a bank in Pakistan, the recipient getting the funds will most likely also incur a fee from the bank at their end. One way to reduce the possibility of the charge is to remit the international wire transfer in their local currency.
To initiate a bank wire transfer to Pakistan, you will possibly need a SWIFT code. These are unique codes for each financial institution and are based on references such as the bank and country.
Bank wire details for Pakistan
- Country – Pakistan
- SWIFT Country Code – PK
- Central Bank Name – State Bank of Pakistan
- Currency – Pakistan Rupee
- Currency Code – PKR