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How To Send Money From Pakistan To UAE

How To Send Money From Pakistan To UAE

Sending money from one country to another is a common practice these days. With globalization and increasing trade activities, the need to transfer money across borders has also increased. Pakistan and the United Arab Emirates (UAE) have strong economic ties, and therefore, many Pakistanis working in UAE send money to their families in Pakistan.

However, the process of sending money from Pakistan to UAE can be confusing and complicated for some people. In this article, we will guide you on how to send money from Pakistan to UAE in a hassle-free manner.

Understand the Exchange Rates

The exchange rate is the value of one currency in relation to another. Before sending money to UAE, you must understand the exchange rate between the Pakistani rupee and UAE Dirham. The exchange rate fluctuates frequently, so it’s essential to check the current exchange rate before transferring money. You can check the exchange rate on the State Bank of Pakistan website or use an online currency converter tool.

Choose the Right Money Transfer Service

There are several ways to send money from Pakistan to UAE. You can use a bank transfer, online transfer service, or money transfer agents. It’s important to choose a reliable and cost-effective service that suits your needs. Here are some popular money transfer services in Pakistan:

Bank Transfer: You can transfer money from your Pakistani bank account to the recipient’s UAE bank account. However, this method is expensive, and the recipient may have to pay additional fees.

Online Transfer Service: Many online transfer services, such as PayPal, Skrill, and TransferWise, allow you to transfer money from Pakistan to UAE. These services are relatively cheaper than bank transfers, and the recipient can receive the money quickly.

Money Transfer Agents: Money transfer agents such as Western Union, MoneyGram, and Ria allow you to transfer money to UAE. However, these services are expensive, and the exchange rates may not be favorable.

How To Send Money From Pakistan To UAE

To send money from Pakistan to UAE, you need to provide some documents, including:

  • A valid photo ID, such as a passport, national identity card, or driver’s license.
  • The recipient’s name, address, and bank account details.
  • The amount of money you want to transfer.
  • The purpose of the transaction, such as family support, business transaction, or education.

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Complete the Transaction

Once you have chosen the money transfer service and gathered the required documents, you can initiate the transaction. The process may vary depending on the service you choose, but here are some general steps:

  • Create an account with the money transfer service if you haven’t already.
  • Enter the recipient’s details, including name, address, and bank account information.
  • Enter the amount of money you want to transfer.
  • Pay the transfer fee and any additional charges.
  • Confirm the transaction.

After completing the transaction, the recipient will receive the money in their UAE bank account within a few hours or days, depending on the service you used.

Sending money from Pakistan to UAE can be straightforward if you choose the right money transfer service and follow the necessary steps. It’s important to check the exchange rate and compare the fees and charges of different services before making a transfer. With the right preparation and documentation, you can send money to your loved ones in UAE quickly and safely.

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How To Send Money From Pakistan To UAE