Remittance To Pakistan

Money sent from abroad to a recipient in Pakistan is known as a remittance. It is transmitted by an organisation or financial institution that charges a fee to send money to a recipient in Pakistan. The recipient in Pakistan then receives the funds in the designated currency (in this case, PKR). Remittances from Pakistan are frequently sent by people or businesses residing outside of Pakistan to support their loved ones there. For residents in Pakistan, these remittance payments from outside are a substantial source of foreign cash flows.
Remittances to Pakistan are typically bigger in size, typically at least a few thousand PKR. ACH transfers to Pakistan, commonly known as direct deposits, are the most practical option. transfers through wire to Pakistan.

Originally published at https://moneyaccounts.com.