As we know, Pakistan is an underdeveloped country. The total population of Pakistan was approximately 212.7 million people, according to a census done by the government of Pakistan in the year 2018. Many Pakistanis are currently living abroad to earn and send money to Pakistan. They aim to provide a better and healthy lifestyle to their family. It was quite surprising to know that Pakistanis are the second most populous ethnic community which is living in the UK.
Also according to research, almost 1.2 million people of Pakistan are currently living in the UK. These people send money to Pakistan, which is very beneficial for Pakistan’s economy.
The government of Pakistan receives a handsome amount as a remittance on the money each overseas Pakistani sends to Pakistan. In the year 2018 to 2019, the government of Pakistan received worth USD 21 billion, which almost equalled the country’s total export bill. When a person sends money to Pakistan, a little amount is deducted as a remittance by the government of Pakistan. Remittance plays the most important part of the country’s economy.
Different Old and New Money Transfer Methods
As there are a lot of different old and new methods to send money to Pakistan, but you should choose a valid and reliable option.
Many people living abroad have gone through the difficulties in the conventional money transfer service and they are looking for another option to remit money instantly to its destination.
In the early 90s, it was very common that the huge population of the world goes for the traditional money transfer method that was the old conventional method, instead of using any other method for money transfer purposes. Some people also used to send their precious money through a money agent, he takes your money and delivers it to your family living in Pakistan by taking his commission amount from that money.
But in today’s world, due to the advancement of technology, the traditional money transfer method to send money to Pakistan has become a nightmare. As the world is getting digital and is depending on it, so a new method was introduced known as online money transfer.
Benefits of Online Money Transfer Service
Online money transfer service provides many services, and some of its best services are as follow:
Fast Money Transfer:
It is a faster and more reliable method to send money anywhere in the world; only five to ten minutes are required to send money to Pakistan from the UK.
Affordable Money Transfer Charges:
The money transfer charges are easily affordable and very cheap for everyone who is living abroad. Online money transfer service not only saves your time but due to its remarkable services it saves your money as well.
Send Money From Anywhere In The World:
Now you can send money from anywhere you want by using an online money transfer service. You just need an internet connection and a mobile phone or a tablet to send money to Pakistan from the UK.
Thousands Of Cash Pick Up Locations In The World:
There are thousands of cash pick up locations in the world for the ease of the customers. Now the Recipient has the option to choose the most suitable and nearest cash pick up location in his/her area to receive the transferred money.
Multiple Currency Exchange Option:
If you are living in the United Kingdom, and want to send money anywhere in the world, you will send money with the help of an online money transfer service. It will provide the exchange of pounds to the local Pakistani currency.
Steps of Online Money Transfer:
Steps you can follow to send money anywhere in the world, especially in Pakistan, in this case, are listed below for the ease of your work.
- Search the online money transfer company on the internet, which is offering the online money transfer service.
- For your satisfaction, check the ratings, comments, and reviews of that company.
- Download the mobile app of the online money transfer service and get yourself registered in that app.
- Enter the name, address, and phone number of the sender which is necessary to be entered.
- Now you have to enter the details of the receiver.
- Write the amount which you wish to transfer to Pakistan.
- In the end, select an easy method for cash payment.
- At last press the send money option.
After the completion of the task, the company will send you the confirmation email showing the successful completion of the transaction to the receiver.
Wrap up:
Remittance is a huge contributor to the development of Pakistan. Whatever you send to your Pakistani family matters a lot. It is crucial for both your family and your country so you should search an option to which you can adhere for the rest of your life and the online money transfer system surely is that option.
