🇵🇰 Pay Suppliers in Pakistan
Pay Pakistani suppliers for textiles, leather, surgical instruments, rice
T+0 (2.3s avg within Unicorn network). Save 83% vs traditional banks.
What you need to send money to Pakistan
What details do I need to pay suppliers in Pakistan?
To pay suppliers in Pakistan you need the recipient's IBAN (24-character IBAN (Pakistan PK format)), plus account number and beneficiary name. Payments typically settle in 2.3 seconds and cost 0.5% FX spread + £5 per payment.
How fast are payments to Pakistan?
Payments to Pakistan settle in an average of 2.3 seconds when using local rails such as Raast, compared to 2–3 days via traditional SWIFT.
How much does it cost to send money to Pakistan?
Unicorn Currencies charges 0.5% FX spread and £5 per payment. You save about 83% versus banks (e.g. £505 vs £3022 on a £100k transaction).
Cost Comparison: Banks vs Unicorn Currencies
See how much you save on £100,000 payment to Pakistan
| Cost Item | Traditional Banks | Unicorn Currencies |
|---|---|---|
| FX Spread | 3% | 0.5% |
| Payment Fee | £22 | £5 |
| Total Cost (£100,000) | £3,022 | £505 |
| YOUR SAVINGS | N/A | £2,517 (83%) |
| Settlement Time | 2-3 days (SWIFT) | T+0 (2.3s avg within Unicorn network) |
Local Payment Rails in Pakistan
Avoid expensive SWIFT fees. We use local payment systems in Pakistan for faster, cheaper settlement.
Raast
Pakistan instant payment system, launched 2021
PRISM
State Bank of Pakistan RTGS system
NIFT
National Institutional Facilitation Technologies
Who Uses This Payment Corridor
Key Industries in Pakistan
- Textiles
- Leather
- Surgical Instruments
- Agriculture
- Cement
Average Transaction: £25k-£110k
Typical Monthly Volume: £160k-£1.6M
Popular Supplier Types
- Textile mills (Karachi, Faisalabad)
- Leather manufacturers (Sialkot, Karachi)
- Surgical instrument makers (Sialkot)
- Rice exporters (Punjab region)
What You Need to Know: Pakistan Payments
Regulatory Considerations
- State Bank of Pakistan FX regulations
- Pakistan Customs documentation
- Sales Tax (17%) on goods
- SECP oversight for corporate transactions
Payment Tips for Pakistan
- Pakistan = Textile exporter (2nd largest globally), surgical instruments
- Raast modernizing payment infrastructure
- Karachi + Lahore + Faisalabad = Manufacturing hubs
- Competitive pricing - strong for textiles/garments
Why Choose Unicorn for Pakistan Payments
Local Rails, Not SWIFT
We use Raast and other local systems in Pakistan. Avoid 3-4% SWIFT fees and 2-3 day delays.
83% Lower Costs
Save £2,517 on every £100,000 payment. On £160k-£1.6M monthly volume, save up to £75,510 annually.
Bank of Canada Supervised
Registered Payment Service Provider (PSP) and FINTRAC MSB. Full regulatory compliance for Pakistan payments.
Real-Time FX Tracking
Upload supplier invoices in PKR. See live P/L as GBP/PKR rates move. Lock rates for 15 seconds before committing.
£1,000,000+ Paying Suppliers in Pakistan? Save 83%
Enterprise treasury for import/export businesses with T+0 (2.3s avg within Unicorn network) settlement to Pakistan
For businesses with high annual FX volume. Not consumer transfers.