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Find the best way to send money to Pakistan

Compare 5+ companies that can send money to Pakistan from Canada.

Looking for the best way to send money from Canada to family, friends or businesses in Pakistan (or even to your own overseas bank account)?

Don't head straight to your Canadian bank – compare specialist money transfer services instead. They nearly always offer better PKR exchange rates and lower fees, so for the same amount of Canadian dollars you send, your recipient will receive more Pakistan rupees.

Of the companies we've compared, Xe Money Transfers is among the cheapest, with competitive exchange rates and fees starting from $0. Need a really fast transfer? Xe Money Transfers can get money to your recipient in Pakistan within minutes.

Best ways to send money to Pakistan from Canada

The best way to send money to Pakistan depends on your payment method, how you want your money to be received and how fast you need it to arrive.
  • Online money transfer provider. When buying Canadian dollars or Pakistan rupees money transfer specialists typically offer better rates and cheaper fees than a local bank.
  • Bank transfer. Bank transfers are an easy way to send money to Pakistan but they charge extra for the convenience and are often slower than other methods.
  • Cash pickup. If you need your money to arrive fast, cash pickup gives your recipient instant access to the money you've sent when they collect it from their agent location in Pakistan.
  • Mobile wallet. Essentially an electronic wallet service, mobile wallets allow users to store, send and receive eligible currencies using their phone, often with fees attached.
  • Prepaid phone credit. Specifically used to top up a recipient's prepaid mobile phone plan, prepaid phone credit is usually added instantly or within a few minutes.

Compare the best money transfer companies to send money to Pakistan

Use our table to compare the best money transfer companies to send money to Pakistan. You can compare deposit and receiving options, fees and transfer speeds, then click the "Go to site" button when you've found the best one to get your money to Pakistan.
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
Xe Money Transfers
Within minutes
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
OFX
Finder Award
OFX
24 hours
$0
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
OFX has no maximum limit transfers, with competitive exchange rates for 50+ currencies.
Xe Business Transfers
Xe Business Transfers
Within minutes
$0
Xe Money Transfer can help your business unlock international transfers. Forward contract and limit order options available.
Remitly
Finder Award
Remitly
Within an hour
$1.99
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Wise (TransferWise) - Under 10k
24 hours
From 0.35%
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
Xe Money Transfers
Within minutes
$0
Xe has fast transfers with low fees and a range of foreign currency tools.
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Cheapest way to send money to Pakistan

Bank transfers are typically the cheapest way to get your money to Pakistan. Xe Money Transfers and OFX have some of the lowest bank transfer fees of the brands we've compared.

When you're hunting down the cheapest ways to send money to Pakistan, it's more important to look at the overall cost of your transfer. This has a couple of elements:
  • Transfer fees. While still cheaper than your Canadian bank, some money transfer services charge either a fixed or percentage-based fee for making your transfer.
  • Exchange rates. Another way money transfer providers make money is to add a margin to the mid-market CAD/PKR exchange rate.

Some providers may charge the mid-market rate but add fees on top. Others may have very low fees but apply a markup on the exchange rate. This means it is important to compare exactly how many Pakistan rupees your recipient will end up with.

Fastest way to send money to Pakistan

Many online providers can offer transfers to Pakistan within minutes, although you're likely to pay a premium for the convenience.

Here are some of the fastest average transfer speeds to Pakistan:
  • Xe Money Transfers — within minutes
  • Instarem — within minutes
  • Remitly — within an hour

Actual transfer times from Canada to Pakistan can depend on several different factors including transfer amount, payment method and currency.

Safest way to send money to Pakistan

The safest way to get your money to Pakistan is to use a provider registered with Canada's industry regulator, the Financial Consumer Agency of Canada. All of the companies we've compared in our table are overseen by a local regulator and comply with the relevant laws and regulations in both Canada and Pakistan.

A great way to dive deeper is by reading our extended reviews of each transfer service and researching first-hand customer feedback on Trustpilot and similar platforms.

Large money transfers to Pakistan

If you need to make a sizable money transfer to Pakistan, consider using a provider such as OFX or Xe Money Transfers to benefit from its expertise in handling larger transfer amounts.

Using a large transfer specialist can have the following advantages:
  • Tax guidance. Large transfers to Pakistan may have tax implications for you or your recipient. A transfer specialist can help get you up to speed on CRA's latest advice.
  • Foreign exchange (forex) tools. Advanced tools such as forward contracts, limit orders and stop-loss orders can help you lock in the PKR exchange rate you want.
  • Account manager. Some money transfer providers assign a personal account manager who can help and advise you on your transfer needs.
  • Phone service. If you want to talk your transfer through with someone, providers such as Xe Money Transfers and OFX can give you support over the phone.

How to send money to Pakistan from Canada

To send money to Pakistan, you'll need the necessary documentation, your recipient's details and a way to pay.

  1. Compare your options.
    Use our table to find a money transfer provider that sends funds to Pakistan. One may be better for cash pickups while another may suit a bank transfer. Once you've found the best one for your requirements, click "Go to site".
  2. Create an account.
    You'll need to give your name, address, contact details, proof of ID and method of payment.
  3. Provide your recipient's details.
    Enter your recipient's name and contact information. If you're sending straight to their Pakistani bank account, you'll need the account number, SWIFT or IBAN plus their bank branch's address.
  4. Enter your transfer amount.
    Check you're happy with the fees, exchange rates and transfer speed, then enter the amount you wish to send. Double-check the total Pakistan rupees your recipient gets.
  5. Complete your transfer.
    Send your money transfer to Pakistan. Keep your transaction reference number safe so you can track your transfer. Your recipient may need it too.

Example: Muhammad sends money to Pakistan

Muhammad is working in Canada as a doctor and he stays in regular contact with his elderly parents back home in Pakistan. His parents need some funds to help pay off a mortgage, so Muhammad plans to send them $2,000 from Canada.

He decides to compare a bank and a money transfer specialist to see which one can save the most money on his transaction.

Bank Money transfer company
Exchange rate 1 CAD = 205.43 PKR 1 CAD = 208.15 PKR
Transfer fee $10 $2.50
Transfer method Bank account deposit Bank account deposit
Processing time 2 - 5 working days Next day
Amount received 408,798.63 PKR 415,771.52 PKR

The money transfer company enables Muhammad to send an extra ₨6,972.89, which is transferred straight to his parents' Habib Bank Limited account.

How to choose the best money transfer companies to send money to Pakistan

When choosing a money transfer provider to send money from Canada to Pakistan, it's important to consider the cost, how you want your recipient to receive the funds and the turnaround time. Here are other features to review:

  • Exchange rates. Banks and transfer services use the mid-market rate to trade with one another. It is the best rate you can get. However, not all money transfer providers offer you this mid-market rate so compare the PKR you're offered to the mid-market rate and look for the smallest difference.
  • Transfer fees. Are you being charged a flat fee or a percentage of your transfer amount? For example, a provider offering to transfer your money to Pakistan for a flat or low fee might work out better if you plan to send a large amount.
  • Transfer type. Does your recipient have a Pakistani bank account or is cash or cell phone top-up a better option? Each transfer type will have different fees. For example, instant cash pickups tend to be more expensive than bank transfers.
  • Transfer speed. If you need your transfer to arrive quickly, you can pay for an express delivery. Companies such as WorldRemit offer instant cash pickups but may charge more. If you're not in a rush, online money transfer services offer the best value and get your money to Pakistan faster and cheaper than banks.
  • Transfer limits. Find out how much you can send with each service. For example, Instarem has a transfer limit of $3,000 while WorldRemit allows transfers up to CAD$4,000.
  • Discounts. Some providers may offer you a free transfer simply for signing up. Others may offer a discount if you transfer more than a specific amount of Pakistan rupees.

Is this a good time to send money to Pakistan?

Compared to a month ago, the Canadian dollar is stronger against the Pakistan rupee. Currently $5,000 is equivalent to ₨1,045,959.50, whereas a month ago, $5,000 was equivalent to ₨959,489.00. That's an increase of 9.01% over the past month.

Similarly, compared to a year ago, the Canadian dollar is again stronger against the Pakistan rupee. A year ago, $5,000 was equivalent to ₨732,205.00. That's an increase of 42.85% over 12 months.

So based on those two quick glances back, yes, it's a relatively good time to send money to Pakistan, and your Canadian dollars will go further than they would have. But what's more important, however, is where the strength of the Canadian dollar against the Pakistan rupee goes from here – which is harder to call.

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