[quote=“jDk, post:2, topic:22398”]
I’m afraid too much paperwork is involved for even small amount transfer, especially when its abroad you’re talking about. Only way to get it done within reasonable amount of time is you know “what”.
You-Know-What could be problematic for some transactions. Under current SBP regulations, person-to-person wire transfers can be done against provision of specific justification/reason (e.g. for studies of someone related, etc) but why and where you are sending your own earned and already significantly taxed money should not be under the government’s purview. If transferring money from here to some company abroad, one has to open LC which adds significant headache.
[quote=“SupMA5TER, post:3, topic:22398”]
In Islamabad, go to any reputable money agent, and they can assist. It is legal, and usually quick.
Once I sent money to a Singapore bank acocunt from one located in G-6 markaz, almost adjacent to HBL. It was not a big amount, but the process was hassle free.
True. However, when issues arise out of such transfers due to intermediary banks or any other reason, it can take quite a while to get it resolved. Also, they obviously charge their profit which adds to overall transaction cost.
[quote=“Joker, post:4, topic:22398”]
I don’t think there are any such services available for Pakistan that would let you send wire transfers using internet to anywhere in the world. Such services are available in countries abroad via Western Union (and perhaps Moneygram) as well online.
Skrill is more like Paypal. You can receive funds and send funds to others’ Skrill accounts; you cannot just deposit in just about anyone’s account. As far as Payoneer is concerned, they do offer a service where you CAN become the payment distributor and deposit money in users’ Payoneer cards, again, not direct wire transfer option. That involves a lot of risk and fraud checks.
Not sure you are looking for such a service but Currency Exchanges’ can wire transfer amount anywhere abroad legally, that would show your name as sender with some paperwork involved and 2-3 Rupees higher exchange rate. Another option is to open account with HBL for foreign currency, I think they let you operate in three currencies from a single account and you will be able to wire transfer money abroad. Again, via internet is not possible yet in Pakistan. You’d have to visit the Branch.
Payoneer’s lower ceiling for mass payment options is US$10000 which is too high for occasional transfers involving lower amount. Also, Payoneer is not usually available for use independently and is expensive with its fees. One has to go through partners to acquire and use account.