About EUR and PKR
The German-Pakistan development partnership started in 1961 when BMZ; the Federal Ministry for Economic Cooperation was formed. Today, Germany is Pakistan’s fourth largest trade partner. This mutual friendship and cooperation has made it easier to send money from Germany to Pakistan without any restrictions as long as you follow the legal channels.
The best way to send money from Germany to Pakistan
With quicker means of sending money across borders being affected today, many new service providers are popping up in the market. But are they all authentic? You cannot trust everything new that comes your way without putting in some research to it first.
Here at Exchange Rate IQ, we have done this part for you and reveal some of the most trusted service providers around the globe. We have even gone a step further to tell you which options offer the best rates and the quickest speeds in the market.
Online money transfer companies
Online money transfer companies have flocked and dominated the foreign market today. They have even surpassed banks that have pre-existed for a long time. This is due to specialization as they have solely dedicated themselves to dealing with foreign currency transfers.
Some of them include:
WorldRemit offers the most competitive exchange rates among all the listed options.
Direct-cash transfer service providers
These are the next best alternatives to Digital money transfer companies. They are equally fast in remittance and offer competitive rates. They are better than banks because it takes a short time for them to release your cash as opposed to the long processing duration of banks that can even take days.