Canonical: https://unicorncurrencies.com/send-money-to/pakistan/

# Intelligence: Sending Money to Pakistan

## Banking Requirements

- **Code:** **IBAN**

- **Format:** 24-character IBAN (Pakistan PK format)

## Route Context

- **Use case:** Pay Pakistani suppliers for textiles, leather, surgical instruments, rice

- **Published local rails:** Raast, PRISM, NIFT

- **Timing note:** Settlement and credit timing depend on rail availability, funding, cut-offs, compliance review, correspondent handling, and receiving-bank release.

## Payment Control

- Check beneficiary details before release.

- Confirm payment purpose and invoice context.

- Keep proof available if the supplier says funds have not arrived.

- Review deductions if the amount lands short.

## Regulatory

- State Bank of Pakistan FX regulations

- Pakistan Customs documentation

- Sales Tax (17%) on goods

- SECP oversight for corporate transactions

## Key Industries

- Textiles

- Leather

- Surgical Instruments

- Agriculture

- Cement

## Tips

- Pakistan = Textile exporter (2nd largest globally), surgical instruments

- Raast modernizing payment infrastructure

- Karachi + Lahore + Faisalabad = Manufacturing hubs

- Competitive pricing - strong for textiles/garments